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Retail Business

Convenience Stores

Set up shop in a convenient location and you’ll have customers dropping in.

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Business At A Glance

Convenience Stores

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

Business Overview

In spite of the rising popularity of internet shopping combined withhome delivery of grocery and convenience items, starting and operatinga ‘mini convenience store’ is still a good business venture to activatethat has the potential to generate respectable profits. The namesuggests it all. In order to succeed in this segment of the highlycompetitive retail industry, the store must be convenient.

This meansan easily accessible and highly visible business location, well-stockedwith the most popular convenience products, and fast and friendlyservice. Remember, if a customer’s shopping experience at the store isnot convenient then there won’t be any repeat business.

In addition tothe usual supply of convenience products, such as milk, eggs, bread,snack items, and soda pop, be sure to add other products and servicesto attract customers to the store and keep them returning as repeatbusiness. These products and services can include lottery ticket sales,tobacco products, newspapers and magazines, a fax service,photocopying, calling cards, postal stamps, and even fresh-cut flowersfor sale on a daily basis.

Once again, business location is the key tosuccess. The business must be located with easy street access and goodparking, or alternately in an area of heavy foot traffic like a mall,transportation terminal, or office district.

The Market

People in a need of a convenient, one-stop place for one or more of their needs

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Retail Business

Glass Shop

A glass shop could be the window to your entrepreneurial future.

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Business At A Glance

Glass Shop

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

Business Overview

Windows, tabletops and mirrors’-the need forglass is everywhere. That’s why a glass shop in your community is agood business to start. Operating this kind of specialty businessrequires experience in glass cutting and glass installation techniques,which is called glazing; or a person with these skills is called aglazier.

Providing you or your staff possess this sort of workexperience and ability, then opening a glass shop can be a veryprofitable business to own. There are a great many types of glassinstallations the business could focus on.

Or you may want tospecialize in one or two specific areas, such as custom glass tabletops or only installing construction equipment glass, such aswindshields. This business venture can be costly to establish. However,once you have identified the market that you will be catering to, thebusiness can easily generate profits that can exceed $75,000 per year.

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Retail Business

Used Restaurant Equipment Sales

Sell used restaurant equipment to restaurateurs looking for a deal.

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Business At A Glance

Used Restaurant Equipment Sales
Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? Yes

Business Overview

Did you know that starting a restaurant is one of the most common new business ventures? But did you also know that more than 90 percent of new restaurants go out of business within the first five years? The combination of these two facts is the basis for starting a business that buys and sells secondhand restaurant equipment like grills, fryers and coffee machines.

Simply put, when one restaurant goes out of business, you purchase their equipment. Then, when another restaurant opens, you resell that same equipment for a profit. This type of business venture can be started and operated from home initially (if you have storage space) and moved to a larger location as the business expands.

Furthermore, you can offer general restaurant equipment but you can also specialize in one particular type of restaurant equipment, such as deli equipment or grills. The potential to earn large profits from selling secondhand restaurant equipment is outstanding, and this business opportunity definitely warrants further investigation.

The Market

Your customers are new or current restaurant owners looking to purchase equipment. You will also have to court former restaurant owners whose equipment you want to purchase.

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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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