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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

Lingerie Shop

Put a swagger in women’s steps by providing them with attractive lingerie.

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Business At A Glance

Lingerie Shop

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

Business Overview

Heading into the new millennium, specialization is the buzzword forretail ‘bricks and mortar’ businesses, and opening a lingerie shop fitsthe bill perfectly. Get started by selecting a highly visible storelocation for your business.

Malls and strip malls are a good choice(though you’ll want to make sure there’s no “big name” competitors) andyou will only require less than 1,000 square feet, so the rent shouldbe reasonable. Next you will want to establish accounts with lingeriemanufacturers and distributors. Harness the power of the Internet tolocate these companies. The rest is pretty straightforward; you stockyour store and sell your products.

In addition to selling lingerie fromthe storefront location, also consider hiring sales consultants to hostin-home lingerie parties as a way to bolster sales and profits. Adirect mail campaign and mail-order catalog can also be used toincrease revenues. You can also specialize by stocking hard-to-findplus sizes, maternity lingerie and specialty items.

The Market

Your customers are women looking for lingerie and men looking to buytheir wives and girlfriends lingerie. (Though don’t leave the menout–you can also stock silk boxers and similar items.)

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Retail Business

Wine Shop

Drink to your health and to your business.

Entrepreneur

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Business At A Glance

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

Business Overview

Retailing wine can be extremely profitable, and this type of business can even be operated from a well-positioned kiosk located in a mall or market. In the right location, walk-in customers will keep you busy selling lots of wine.

But as a method to bolster sales and profits, also be sure to establish alliances with event and wedding planners, catering companies, and business clubs and associations as they can become a great source of repeat business.

Like any retail business, seek a competitive advantage, meaning offer your customers something the competition does not. Perhaps phone-in orders with free delivery or maybe a weekly wine tasting night. The ability to separate your business from the competitions’ often is the difference between business success or business failure.

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Retail Business

Lawn Ornament Sales

Will it be a tortoise or a hare? Why not provide both to decorate homeowners’ lawns?

Entrepreneur

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Business At A Glance

Lawn Ornament Sales

Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

Not only are lawn decorations easy to make,they’re also easy products to sell. Combining these two facts creates awonderful opportunity to start a business that manufactures and sellslawn ornaments.

The first step will be to purchase or make the moldsrequired for manufacturing the ornaments. The rest is verystraightforward: Simply practice making and painting lawn ornamentsuntil you’re satisfied with the finished product.

Next, you’ll be readyto start making money. Lawn ornaments are currently retailing in therange of $25 to $100 each, depending on the size and style of the item,and the profit potential is excellent as it only costs about $5 inmaterial to produce the average sized precast lawn ornament. The lawndecorations can be sold on a wholesale basis to retailers, or you cansell them directly to consumers right from your own front yard.

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