harveyw Posted December 8, 2014 Share Posted December 8, 2014 I am currently looking into the possibility of opening a convenience store , just wondered if there are any major pitfalls other than the obvious ,licences etc Link to comment Share on other sites More sharing options...
innerspace Posted December 8, 2014 Share Posted December 8, 2014 Licences easy enough. Electric bill will be crazily high. Margins crazily low. And if you start to succeed then 7eleven will open next door Link to comment Share on other sites More sharing options...
sparkey Posted December 9, 2014 Share Posted December 9, 2014 Agree Try to buy the most economical display fridge freezers you can afford Beware of the free walls ice cream freezers they were electricity guzzlers You will have a great gross but your Net profit is small Also make sure you have a wholesaler close. Delivery or your own fuel costs eat into your profit We. Were lucky as only mom & pop shop in the moo bahn and no competition for a mile around Shop was part of the house so always had staff. Drop point for school kids In the moo ban was outside the shop. Best month took over 200k net little bit under 30k Now the moo baan has 3 shops serving less than 100 houses and 5 more shops within a mile This was 4/5 years ago so out of date but should still hold true Good luck fella Link to comment Share on other sites More sharing options...
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