Knowing the Cost to Open a Pet Store
People are always willing to treat their pets, as evidenced by the fact that Americans spend $36 billion a year on their animals, according to "Entrepreneur" magazine. While this is an impressive figure, it helps put things in perspective to realize that a pet store can cost well over $100,000 to start while the average pet store owner makes barely $17,000 a year after taxes as of 2011, according to the Simply Hired job board. Assess the costs to determine whether you can afford to start your own pet store.
Business Structure
- Though leashes, toys and food bowls may seem like fairly benign items, you should protect yourself against any potential liability should anyone's pet get hurt using your products. For this reason, you should avoid structuring your business as a sole proprietorship or a partnership. These are the easiest and least expensive businesses to start, requiring little more than a $10 to $100 assumed name form to be able to do business with a name other than the owners'. Yet they don't protect you from personal liability because they aren't legally separate entities from their owners. A limited liability company costs between $50 and $800 to start and gives you personal liability protection. You can form a corporation for $100 to $200 and also receive this protection, but be prepared to keep more intensive records of your business activities. Talk with a business lawyer or accountant to determine which of these structures makes the most sense for you. File your assumed name form with the county clerk and your articles of incorporation or organization with the secretary of state.
Licenses
- Since a pet store usually sells pet food, bath and health products, you likely need a special license from the agency in your state that handles animal safety. Aside from this, you may need a license just to operate a business in your area, though not every jurisdiction requires this; contact the city hall, county clerk and secretary of state to be sure. In states that charge sales taxes, you need a sales license, and you need a resale license to buy pet products wholesale. Some states charge for these licenses, while others don't.
Location
- The ideal location for your pet store depends on what type of customer you want to attract. If you sell custom dog leashes encrusted with real diamonds, for example, it makes sense to choose a location near a dog park in an affluent neighborhood. If you sell organic, locally-produced dog food, putting your store in a neighborhood where there are also health food stores may be a wise choice. The location you choose affects how much you pay. But expect to pay several hundred dollars a month at minimum. Working from home significantly lowers these costs, and marketing and selling online will give you a wider reach than even a brick-and-mortar store might have. Set aside a room in your home specifically for your pet store business and an accountant can help you deduct rent for the business area on your taxes.
Products and Services
- The types of products you sell also affect your startup and operating costs. Pet items that are easier to find and cheaper to produce cost less for you to stock, just as specially-made or designer items typically cost more. You might decrease these costs by making your own products, though the initial costs for equipment may be higher than if you bought from a manufacturer or wholesaler. For your initial inventory, you can expect to pay between $15,000 and $30,000, "Entrepreneur" reports.
How Much Does It Cost to Open a Doggie Bakery? Chron.com
smallbusiness.chron.com/much-cost-open-doggie-bakery-13356.html
How Much Does It Cost to Open a ... Equipment to run the bakery is another cost to consider when opening a dog ... Talk to the owner of such stores about ...How much does it cost to open a pet store? What would I need ...
answers.yahoo.com/question/index?qid=20101209174730AA27eoOResolved 5 total answers Published 12/10/2010
12/10/2010 Best Answer: Don't open a pet store. Open a shelter. People who know about puppy mills and kitten mills will protest your store because they automatically ...Yahoo! Answers - How much does it cost to open up your own pet ...
malaysia.answers.yahoo.com/question/index?qid=20121215181721AAP8eBjResolved 3 total answers Published 12/16/2012
12/16/2012 Best Answer: A business plan Depends on the size of your pet store ... It's a tough business. The margin on retail items is not great especially in the ...How Much Does it Cost to Open a Pet Store? eHow
www.ehow.com/info_7764547_much-cost-open-pet-store.html
People are always willing to treat their pets, as evidenced by the fact that Americans spend $36 billion a year on their animals, according to "Entrepreneur" magazine ...How Much Does it Cost to Run a Pet Store? eHow
www.ehow.com/about_7499796_much-cost-run-pet-store.html
How Much Does it Cost to Open a Pet Store? ... opening an online pet supply store could be the perfect business... The Average Income for a Consignment Store Owner.How much does it cost to open a retail store? Answerbag
www.answerbag.com/q_view/1868645
How much does it cost to open a retail store? The cost to open a retail store depends on the type of store, ... How much it costs to open a retail pet store in canada.How much does it cost to open a pet store? - Yahoo! Small Business ...
smallbusiness.yahoo.com/advisor/answers/small-business...
3 answers How much does it cost to open a pet store? - Small Business - Yahoo! Small Business AdvisorHow much does it cost to open a Pet Shop? - Yahoo! Answers
answers.yahoo.com/question/index?qid=20100308104201AAUtNCQResolved 5 total answers Published 3/8/2010
3/8/2010 Best Answer: Monkeys? Really? What pet store sells monkeys? Well actually you'd have to sell monkeys to stay in business. Now days any small pet store ...How much does it cost to open a pet store? - Yahoo! UK & Ireland ...
uk.answers.yahoo.com/question/index?qid=20070224064505AAh11gFResolved 3 total answers Published 2/24/2007
2/24/2007 Best Answer: Depens on the size of it! ... All u be needin is sum barbed wire, guns, and a dude that be gettin u rare animals wid out all dat red tape. I ...How much does it cost to open a pet store? What would I need ...
www.catnipkitty.com/pet-supplies-cat/how-much-does-it-cost-to-open...
I was thinking about opening a pet shop. Not a normal one though, just a small one with mainly cats and dogs. And ALL rescue animals. Like pets ...How much does it cost to open up your own pet shop business ...
www.debtordebt.com/forum/how-much-does-it-cost-to-open...pet-shop...
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 ...How Much Money To Open Dog Shop - Grab The Basics - The Easy Way ...
www.grabthebasics.com/pet-shops/extra/how-much-money-to-open-dog...
Littlest Pet Shop How Much Do They Cost F Online Pet Store Salary ... How Much Money To Open Dog Shop Pet-shops. Click here for Satellite TV software for your PC *NEW*How Much Does It Cost to Open a Store? - Ask.com
www.ask.com/question/how-much-does-it-cost-to-open-a-store
Q&A Related to "How Much Does It Cost to Open a Store?" ... How Much Does It Cost To Open A Pet Store? What Stores Are Open On Easter? How to Open a Clothing Store?Calculating Startup Costs: How much money do you really need to ...
entrepreneurs.about.com/od/gettingstarted/a/startupcosts.htm
... Running your own software company is going to have different start-up requirements than opening a pet store, ... How Much Does it Cost to Start a Retail Business?Open a Pet Food Store Entrepreneur.com - Business News ...
www.entrepreneur.com/article/172390
This article was excerpted from Pet Businesses, a startup guide available from SmallBizBooks.com. Whether it's brick-and-mortar or virtual, a pet store that ...how much does it cost to open a beauty supply store
petsitting10.com/Search_how%20much%20does%20it%20cost%20to%20open...
How to Open a Beauty Supply Store Frequently Asked Questions on How to Open a Beauty Supply Store . Do you ... How much does it cost to start my own beauty supply store?How much does each utility cost in a small pet store? - How much ...
www.goftp.com/qna/How_much_does...utility_cost_in_a_small_pet_store...
How much does each utility cost for a pet store for example electric phone heat and cooling. ... source: How much does it cost to open a small tobacco store?Yahoo! Answers - How much does it cost to open up your own pet ...
malaysia.answers.yahoo.com/question/index?qid=20121215181721AAP8eBjResolved 3 total answers Published 12/16/2012
12/16/2012 Best Answer: A business plan Depends on the size of your pet store ... It's a tough business. The margin on retail items is not great especially in the ...How Much Does It Cost to Open a Doggie Bakery? Chron.com
smallbusiness.chron.com/much-cost-open-doggie-bakery-13356.html
How Much Does It Cost to Open a ... Equipment to run the bakery is another cost to consider when opening a dog ... Talk to the owner of such stores about ...How much money does it take to open a small store - How much money ...
www.xmms.org/qna/How_much_money_does_it_take_to_open_a_small_store...
Average cost to open up a head shop. How much does it cost to open a family dollar store? ... What does it cost to open a pet supply store? Sign In.
Categories:
Knowing the Cost to Open a Pet Store
The partnership between the pet and our customer will always be at the forefront of every decision we make. Small Pet Supplies
ReplyDelete