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Retail Business

Candy Store

Sweeten people’s lives with a candy store.

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Business At A Glance

Candy Store

Startup Costs: $10,000 – $50,000
Online Operation? No

Business Overview

Candy sales kiosks are popping up in every mall across North America,and why not? Starting a business that retails candy is verystraightforward and the biggest challenge to overcome is selecting theright operating location for the business.

Ideally, a candy shop shouldbe in a very busy area of a community so it can take advantage of foottraffic, as well as impulse buying by consumers. Also consider offeringcustomers a free delivery service to expand the potential market toinclude customers who want to send candies to relatives in thehospital, loved ones at holiday time, and business owners seeking toreward clients or employees with their favorite box of chocolates orcandies.

The Market

Your customers will be anyone with a sweet tooth or looking for a special gift for someone.

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Retail Business

Used Appliance Sales

Buying secondhand appliances for resale is a tidy way to clean up profits.

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Business At A Glance

Used Appliance Sales

Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

A tidy profit can be earned by selling usedappliances, such as refrigerators, stoves, washers, and dryers, rightfrom a homebased location. Get started by building a resource libraryin terms of appliance models, manufacturers, and retail selling priceswhen new.

This type of resource library will prove invaluable whenbuying secondhand appliances for resale purposes. To secure a initialinventory of used appliances to sell, begin by attending auction sales,garage and estate sales, and scanning your local classified newspaperads for good used appliances at bargain basement prices.

Your targetmarket for resale will include people on a budget, owners of secondaryhomes, and owners of residential rental and apartment properties. Somebasic knowledge of home appliance repair will come in handy, as well asa good, heavy-duty moving dolly and a pickup truck or utility trailer.Aim to maintain a 50 percent markup on all appliances sold and togenerate gross annual sales of $50,000 and this simple part-timehomebased business will produce gross profits of $15,000 per year.

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Retail Business

Wholesaler

Be the middle person between a manufacturer and the retailer. With any product or service included, this is a business that will always be needed.

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Business At A Glance

Wholesaler
Startup Costs: $10,000 – $50,000
Online Operation? No

Business Overview

A wholesaler is the link between a manufacturer or producer of a product or service and the retailer or reseller of the product or service. There are many different types of products and services that can be sold on a wholesale basis including food items, computers and software, telecommunications services, and even public utilities.

Starting a wholesale business is somewhat more difficult than starting a traditional retailing business. Not only do you have to source companies to buy products and services from, you also have to source companies to sell the same products and services to.
 
As competitive as the wholesaling business currently is, the future does look bright, especially when you consider homebased and cyberbased business start-ups are increasing at a record pace. Many of these new business enterprises lack the space required to get their products to market, which means they need the services of a wholesaler with distribution channels, warehousing space, and transportation capabilities.

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Retail Business

Gun Shop

Here’s a great market to shoot for.

Entrepreneur

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Business At A Glance

Gun Shop

Startup Costs: $10,000 – $50,000
Online Operation? Yes

Business Overview

In spite of the fact that gun ownership isbecoming increasingly restrictive due to government legislation in boththe United States and Canada, opening and operating a retail businessthat buys, sells, and trades guns still has the potential to beprofitable.

In addition to gun sales you can also sell ammunition andhunting-related products as well as offer a gun repair service. Promotethe business by establishing alliances with gun clubs and shootingranges as well as with firearm instructors, as these clubs andindividuals can refer your business to others.

Starting this type ofretail business will require a substantial investment and you will alsohave to clear a few legal hurdles before you can open. A well-promotedand operated gun shop could return the owner a six-figure yearly income.

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