Opening a candy store may seem like a sweet and delightful idea at first glance. Candy is a kind of energy food and a popular dessert that everyone loves. It seems that opening a candy store is also a very good business. When you want to start in this industry, do you understand the cost of it? So, let’s unwrap the various aspects that come into play when calculating the cost of opening a candy store.
First, one of the most important expenses is the initial investment required to secure the location of the candy store. This is a very familiar store rent. The size, location, condition and usage of the store you choose will all have a big impact on the rent. If you want to rent a store in an ideal area with high traffic and convenient transportation, it may be several times the cost of an ordinary location, but it may attract more customers.
If you take a fancy to the flow of people in the mall and want to rent a suitable shop inside, you not only need to pay high rent, property management costs, deposits and so on. If you do not sign the lease directly with the mall management, you may also have to bear other costs such as transfer fees.
On the other hand, you feel that renting is not cost-effective and want to buy a shop directly to run the candy store. You need to know that buying a property requires a large upfront investment, and some will also be subject to property taxes. But there may be long-term benefits, such as building equity and being able to rent it out again when you no longer plan to open a candy store.
After the first tricky problem is solved and your candy store is successfully rented, you need to consider the interior design and interior decoration. The cost here is actually divided into two parts, one is the design cost of the interior design, and the other is the cost of another major renovation cost for the candy store.
We all know that a business license and health permits are required to open a shop, so finding a professional design company is not only to make your candy store professional and attractive but more importantly to get the approval of the city and government management, otherwise all the subsequent work can not be carried out normally.
The decoration of the candy store is mainly carried out according to the design that you have confirmed. According to our nearly 10 years of custom design experience, it is recommended that you choose to start a 3D design in the design stage, 3D design can let you observe all the details of the candy store from all angles, and can clearly know the use of color, lighting effect and various decoration matches so that you can easily check unnecessary errors before the actual decoration. The subsequent decoration construction can also be carried out smoothly according to the existing 3D design, which is very convenient.
Compared with the general food store decoration, the decoration is actually simpler, some only need to repaint the walls and floors, do not need to install sewers and water pipes and other kitchen facilities, the ceiling and glass Windows can also be appropriately decorated. If the layout of your rented store is not suitable, you will need to redo the wall and door frame, and the expenditure will increase accordingly.
Display Furniture Cost
This step is linked to the interior design, according to the required size and consistent with the brand image. The cost of materials and furniture will vary greatly depending on the desired aesthetic. Custom shelves and display cases can be a little pricey, but they can also enhance the overall display of the candy, making them more attractive to customers. You can compare different factories, or expand the area of purchase, not limited to your country, there will be unexpected goods.
The furniture mentioned above is mainly wood display furniture. Some candies may also use acrylic boxes and glass jars for storage, especially bulk products such as candy beans and chocolate beans, so you also need to consider the use of containers when ordering furniture. Appropriate use of transparent candy jars can let customers intuitively see the candy products you sell, potentially stimulating their desire to buy.
Candy Inventory Expenses
Another important cost to consider is inventory. As a candy store, of course, it is necessary to provide customers with a variety of sweets and desserts to meet the tastes and preferences of different customers. Consider partnering with a confectionery wholesaler, manufacturer or distributor to keep your products unique and varied. Choosing different channels to ensure your own supply of candy is also a way to obtain a very competitive price and stable inventory, in case of emergencies can be perfectly solved without worry.
However, we need to remember that ordering candy products in bulk will get a very good product price, but also occupy our capital costs. Especially in the initial stage of investment, the stability of capital chain is the key to the survival of enterprises. It is necessary to achieve sufficient product inventory to meet customer needs and reduce the occupancy of funds.
Packaging Consumables Expense
In addition to the candy itself, there are other items that need to be in stock, that is, consumables associated with the candy product, such as packaging materials, display labels, labels and shopping bags.
These seemingly small expenses can accumulate, particularly if the store aims to provide a premium shopping experience. Custom packaging and branding can elevate the customer’s perception of the store but may come at a higher cost.
In addition, in order to increase the competitiveness of the store, the store may consider offering a variety of additional services, such as gift wrapping services or personalized products, which will require additional materials and more staff to provide the service.
When it comes to employees, labor costs are another key factor affecting the overall investment. A candy store usually needs a team of employees to keep the store open. Cashiers, tally clerks, stock collectors and staff who help customers. Of course, the number of employees required will depend on the size of the store and customer traffic. It takes time and money to hire and train people. There are also employee salaries, holiday benefits and taxes that are all part of the total cost. Continuous training of employees to keep them motivated and knowledgeable about the products they sell is very important to improve customer follow-up.
Marketing and advertising expenses are often underestimated when calculating the cost of opening a candy store. To attract customers and increase brand recognition, investing in marketing initiatives is essential. This may involve designing a logo and branding materials, creating an online presence through a website and social media platforms, and running ads in local publications or online channels. Collaborating with influencers or local community events might also incur costs but can help generate buzz and attract a wider audience.
In addition to many familiar costs, the cost of technology in running a store must not be ignored. The POS system is a type of system that each store will deploy. In addition to its checkout function, it is also an important tool for managing sales, inventory and customer information. Of course, these costs cover the initial purchase of hardware and software, as well as ongoing maintenance and updates. We need to choose safe and reliable software to ensure the normal transaction.
Finally, there is a cost that is easily overlooked. But some people add them to their rent, which is a recurring expense — the amount they pay for utilities like electricity, water and gas.