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- The cost of opening a mobile store can vary based on several factors. However, you can expect to spend between $12,000 and $38,000, with an average cost of around $20,000.
- Rent costs depend on your location and can range from less than $1,000 per month in some regions to over $80,000 per month in expensive areas.
- When opening a franchise location, startup costs typically range from $50,000 to $200,000 on average.
- To open your own store you’ll need to invest in rental space, inventory, equipment, employees, marketing, legal fees, insurance, renovations, and shipping.
- Market research is key to acquiring profitable stock.
- Strategically display products to boost sales.
Profitability and Advertising
- How much profit mobile shops make varies. But the vehicle is usually the biggest expense when starting a mobile shop.
- Total investment for a mobile shop is around $25,000 on average.
- To attract customers, create an advertising strategy with a website and social media when your store opens.
- Start with the most cost-effective promotional options.
