How to open a department store?

Question

How to open a department store?

Answer 1

tell you the true there are alot you need to know for example. you would first need to purchase a business licences reason why is because when you are talking to your wholesalers they won't sell you the items you need to start the business. yes you may need alot of money but there maybe ways to get it or get around it first i suggest you do research one prices in your state for a lic. and maybe your town or state requires you to go in front of a board of people to apply for the lic. and there are fees with that. then after knowing what it is you need there you should find a location yes somewhere with very high traffic and the square footage you would need to start try first for a smaller size first one it maybe cheaper and two you could always move into a bigger place. and after you price the fees for lics. and permits (maybe) and the store front and the stock from thewholesaler then you should got to the town which you would like to be in you need you lics and get them and you business name and you should probably become an LLC which is hard to explain but it will protect you the long run which you can get at Legalzoom.com they can help with that and then you need to go to the big bad bank thats where you need to sell your idea the most yes a down payment always helps alot! you see yes its a risk but i can tell you from experience it will be hard for the first 5yrs unless you hit the jackpot in the lotto, but you generally need to take 10 to 15% to you too live if business is good the rest of the money needs to go back into the business until you have customers coming in regularly which can be hard you may need to do deals or specials give aways plus one of your biggest cost ADVERTISING radio, tv, flyers, coupons. yes this maybe alot to take in but after awhile you'll feel the success thats when it becomes worth it. Goodluck and godspeed.

Answer 2

first, you need lots of money. Around $1000000 would be good. Then rent or buy large amount of space. Preferably in a mall or shopping centre. Next, paint and decorate the store, buy machines, cameras, and shelfs. Load in the products ( you'll need 1000000+ items) and hire your employees. Then open for bussiness