How much does it cost to open up your own pet shop business?
I am at the point in life where I am quite over working for someone else and thinking about owning my own business… I absolutely love animals and my dream is to work with animals which I am thinking of studying towards. I want to open up my own pet shop or animal shelter and just wondering how much money and what knowledge I need?
Is there anyone who has opened up a pet shop on there own (not a franchise) who can share their experience?
Are you successful or majority of the time struggle to make ends meet?
I would open up my own brand of pet shop and it would sell ALL pet supplies so rabbit food, dog food, toys, cat toys, food, accessories, lizard and fish items and sell cats, dogs, rabbits, fish, lizards etc.
I would ideally open it to work on my own and not have any employees and thus save money.
How much do I need? How much money can you make? What knowledge do I need? and can I be successful? (not like a millionare successful but just able to pay the mortgage etc)
Thanks
A business plan
Depends on the size of your pet store
December 28th, 2012 at 3:11 am
A business plan
Depends on the size of your pet store
References :
December 28th, 2012 at 3:24 am
It’s a tough business.
The margin on retail items is not great especially in the world of online big box stores.
Most people don’t buy dogs and cats at pet stores anymore. That is very "politically incorrect."
I can see if you have a true specialty store that caters to something the big box stores don’t do very well – like birds, fish, amphibians etc. but there has to be a large enough market for that in your location to make it happen.
And there are lots of public health codes that go along with it.
So you need to make a business plan. Rent, insurance, inventory, licensing/regulatory, utilities, banking costs (credit card equipment and merchant fees), marketing and the list goes on and on.
How much money you lose or make is up to you. You are the one who needs to formulate a business plan and see if it’s feasible or not. And you have to have the cash to do it up front.
References :
December 28th, 2012 at 3:29 am
It really depends. If your pet shop has a bigger space then you really need much money on that. All you need to do is to learn on how to manage the business in a right way.
Business Training
https://chifley.edu.au/corporate-training/corporate-training-and-consulting
References :
experience