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Hi can you send me your e-mail to give you information about a loan company?
Ezloan4unow - All you posts are soliciting loans and merchant advances, yet your profile says you are a seamstress. Please stop soliciting people who are looking for honest advice.
Now, to the real question. How much capital you need should really be a number that you come up with. How? By doing your homework. SCORE is a good start, they can help you write a business plan, which includes projections and startup costs. You should also go visiti existing stores and observe how they are set up to get an idea for how much inventory, fixtures, animals, etc that you'll need. You also need to figure out how big of a rental space you'll need, and how much rent would cost per month (dont forget 1st month, last month, and security deposit that will be payable up front). Also with regard to the space, if it requires any sort of leasehold improvement, you'll need to factor in those costs.
What I mentioned above is just the tip of the iceburg. Once you've come up with a list that is exhaustive, add 20% to the cost since it's impossible to think of everything.
It is not a costly business you can start what amount you mentioned. If you face problems then limit your pets in start and when you will get revenue then you can start at wider level.
Starting a pet store in a mall, Welcome
Who are you?? Where are you?? How soon will you be starting??
Two suggestions. One, Develop a Business Plan that includes costs
Two, Contact SCORE. SCORE is FREE and can help you.
Good luck, LUCKIEST
Starting a pet store in a mall, How much capital??
Welcome. How soon??
As stated there are good free resources that can help you - like SCORE or SBDCs. The mall might even be able to shed some light on the average costs of doing business in that mall.
You seem to have a lot of capital given that many new start-ups have none. Think about this - instead of seeing how much you will need (as you will never know the true amount until after the fact) why not just run your business within the limits of your capital. Manage your costs going forward knowing that you have limits on your capital. Example, do your research (the mall should be able to help as will SCORE & SBDC) on the types of costs you will incur. Create a budget for the next 12 months based on the limits of your capital - this would mean alloting so much to each expense category. Then, go out and find vendors or suppliers that fit your budget. You have a lot of negoiating power with suppliers and vendors these days (even in leasing space in the mall) - use that to you advantage. Then, manage you budget. If you go over on one category - you have to reduce another by the same amount.
Just some thoughts