How much would it cost to open up my own store?

Question

I want to open up my on store to sell games like gamestop. Could anyone tell me how much it would cost?

Answer 1

How much the cost of "opening up" the store has very little to do with what will be an investment OR your livlihood for the coming years.

Your very first question should be about your business plan...

From SBA website...

Elements of a Business Plan

1. Cover sheet

2. Statement of purpose

3. Table of contents

                I. The Business

               A. Description of business

               B. Marketing

               C. Competition

               D. Operating procedures

               E. Personnel

               F. Business insurance

               II. Financial Data

               A. Loan applications

               B. Capital equipment and supply list

               C. Balance sheet

               D. Breakeven analysis

               E. Pro-forma income projections (profit & loss statements)

               F. Three-year summary

               G. Detail by month, first year

               H. Detail by quarters, second and third years

                I.  Assumptions upon which projections were based

               J. Pro-forma cash flow

               III. Supporting Documents

               A. Tax returns of principals for last three years Personal financial

                   statement (all banks have these forms)

               B. For franchised businesses, a copy of franchise contract and all

                   supporting documents provided by the franchisor

               C. Copy of proposed lease or purchase agreement for building space              

               D. Copy of licenses and other legal documents

               E. Copy of resumes of all principals

               F. Copies of letters of intent from suppliers, etc.

After answering all these questions, you still may not come up with a definitive answer.