How Much Money Do You Need to Start a Shoe Business?

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Costs of Starting a Sneaker Business

  • To start a sneaker business you need $2,000 to $50,000 for sneaker design, development, production equipment and inventory.
  • For a small sneaker store, expect to spend $60,000. Larger stores require upwards of $150,000.
  • The profit for a shoe store is about $127,363 per year.

Resale Market and Profit

  • Reselling sneakers is profitable with the market valued at around $1 billion.
  • Ways to resell shoes include hand to hand, consignment retailers, eBay, StockX, and GOAT.
  • It’s possible to make over $10,000 per month reselling shoes.

Starting a Shoe Brand

  • Costs for building your sneaker range from $5,000 to $15,000.
  • Sneaker production equipment costs $20,000 to $50,000.
  • Rent costs for a storefront vary based on location, ranging from over $80,000/month in Manhattan to less than $1,000/month in Florida or Tennessee.

Starting a Shoe Line Business

  • The cost can range from $2,000 to over $50,000+, depending on the size of the business.
  • Entrepreneurs must be aware of industry regulations in designing or manufacturing shoes.
  • Startup costs for a women’s shoe line range from $12 to $27,209.
  • Research is vital before starting a shoe line business.
  • Potential ways to raise money for startup costs.

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