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Tips on Retail Shop Space

Getting the best retail shop space is not as easy as pin-pointing due to the fact that location is a very critical aspect for any businesses.

There are many things that are needed to be considered such as appropriateness of the site to the products to be sold, traffic within the area, safety and many others.

Having products ready for sale need a venue to better market it and brought it near to potential customers. First thing to consider is the location of the shop space. Determine whether it is situated in a place that is suitable for the products that you will be selling. It is also important to consider the size of the space; see if it can accommodate your products well. In addition, look further and determine whether the size of the shop can handle expansion should time comes that the business starts to grow and offer more variety of products to customers. However, be realistic enough so as not to lease a space that is too big even after expansion.

In choosing for the right retail shop space, it will help if you will tour the area around and analyze the traffic within the location. The environment should also be pleasing as much as possible or at least helpful in marketing your product line. Say your products are class A, it is logical enough to choose a class A or even B location because that is where you can most likely get buyers of class A products. It is indeed a matter of matching things up.

More so, ask the tenants in the place whether their businesses are getting along well and if it the owner of the space you will rent in is easy to deal with. Remember that you will have a considerable long relationship with the owner as a tenant and it is very important that it is easy to communicate with them and handle problems or conflicts when it occurs. Know the term of agreement and restrictions from the tenant so you can assess if it fits with your needs and wants. See if there is any legal binding agreement and assure to have an attorney by your side on closing the deal.

On investigating the possible benefit of the area, identify also what might become a problem when your store shall be located there. Also, see if the payment is reasonable for the place. Will your business be able to comply with the payment terms?

After getting the right place for your retail shop, next thing you need to do is to design and layout it appropriate to the products that you are to sell. As much as possible, it should be attractive and pleasing to the eyes that even those without any intention to shop will be interested in touring within the shop.

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18 Comments

  • rajan prasad singh said on September 25, 2012
    respected sir/madam, i belongs to patna from bihar and i wants to start my own store. but i have no idea.so pls guide me. thanks and regards, rajan pd singh, email-rajan171972@gmail.com, mob-9430376258
  • AVINASH said on April 2, 2013
    Dear Sir, I am planning to start my own departmental store in chennai. kindly guide me. Mob:9500200375
  • venu madhav said on May 24, 2013
    i want to start a departmental store in vizianagaram, vizianagaram dist, andhra pradesh. plz help me in this regard[viz...right place, investment, loan....].
  • Vivek.U said on June 25, 2013
    I would like to start a departmental store in Budalur, Tamilnadu. Please mail us the following details.
    a)sample project report or business plan
    b)Procedure and required license and approval.
    c)Software to be used
    d)Items & supplier list
    e)budget
    e mail:vivek.udayakumar4@gmail.com
  • narendra reddy said on August 1, 2013
    Dear Sir, I am planning to start my own wholesales provision store in singanayakana halli(p)yelahanka(h)bangalore-64 kindly guide me. business plan, Items & supplier list, budget. Mob:8892705342
  • naveed said on September 4, 2013
    I am in kualalumpur malaysia I want to start a small department store pl give me advice
  • Pankaj said on October 14, 2013
    I would like to start a departmental store in Sonebhadra, up. Please mail us the following details.
    a)sample project report or business plan
    b)Procedure and required license and approval.
    c)Software to be used
    d)Items & supplier list
    e)budget
    e mail:pksrivastava79@gmail.com
  • Dharmendra said on December 19, 2013
    Dear Concern, I am planning to start a departmental store at Dehar Dun (Uttrakhand), would really appreciate if you provide the Layout plan/ project with prerequisite requirements for the same. Regards, Dharmendra, +91-9997308747
  • makhreluibou luikang said on January 2, 2014
    sir ! i want to open a dept store . i am from manipur... n i dont have much idea. i am helpless . how can i get the wholesale supplier.. suggest me.. thank u sir
  • RAJESH JANGIR said on February 3, 2014
    Dear sir, I want to open a supermarket (Small level)in my village, jhunjhunu (Rajasthan). please guide me for required license or project. Rajesh Jangir
  • gurjeet singh bains said on March 1, 2014
    New subash nagar road. Near Greenland school. Ludhiana. Punjab. India
  • kannan said on April 28, 2014
    Sir, First of all we need to thank you for providing us a such a valuable tips. We are having a plan to start a small departmental store in south Chennai please advice us in Chennai where we need to register and the procedure for registration and the requirements we are keen to put up our business please assist us with your contact details
  • P.R.VENKATESH said on June 24, 2014
    Sir i want to start a small dept stores in coimbatore or in erode how much expenses have needed and how we get a bank loan for this business. pls guide
  • Srinivas Murthy S said on September 17, 2014
    I would like to start a departmental store in Jalahalli, Bangalore. Please mail us the following details.
    a)sample project report or business plan
    b)Procedure and required license and approval.
    c)Software to be used
    d)Items & supplier list
    e)budget
    e mail:chinni.bhoomi@gmail.com
  • seevarasu said on October 27, 2014
    sir, I would like to start a departmental store in karur, tamilnadu. Please mail us the following details..
    a)sample project report
    b)Procedure and required license and approval.
    c)Software to be used
    d)which place purchase Items & supplier list
    e)budget
    f)how do apply to bank loan
  • badrinath said on September 16, 2015
    I would like to start a departmental store in Belgaum, Karnataka. Please mail us the following details.sample project report or business plan.Procedure and required license and approval.Software to be used.Items & supplier list.budge.space required.my mailid- badarinath_kalpavraksha@klsimer.edu.mobile no- 09972945339
  • Sampath Kumar P B said on September 28, 2015
    Sir,I would like start a mega departmental store in Mysore city prime locations adjacent to the main road total 8000sqft.I request to you sent project details and all necessary details With regards,Sampathkumar
  • Sruthi said on April 22, 2016
    Hi Sir,I want to start a departmental store can you kindly share the sample business plan the location is A small town in Andhra Pradesh.Kindly let me know the necessary care to be taken to make my business successful.Please help me out in this Thanks.

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