Shopkeeper business in Kenya is among the lucrative business ideas in the country so far. This business is also flexible as it can be set up anywhere yet it will have more customers.
Perhaps you are bothered with how much do I need to open a small retail store? Well this is the right article for you.
Are you wondering how much does it cost to start a shop in Kenya? It costs an average of as low as Ksh.50,000 to as high as Ksh.500,000 to start a shop in Kenya. The cost caters for all the expenses required to start up your shop business in Kenya.
You may also desire to know how to start a shop business in Kenya whose procedure is given below:
Step 1. Do your intensive market research that will help you know your target market.
Step 2. Draft an effective retail shop business plan that will guide you in managing your shop business.
Step 3. Locate a strategic place that will help you have many clients at your doorstep.
Step 4. Identify products that you will sell in your retail shop that will be directly bought by the target market.
Step 5. Write an effective business start up cost list.
Step 6. Acquire business permits and licenses to prevent disturbances from the local authorities.
Step 7. Market your retail shop business.
This are the tips that will help you have a successful retail shop business.
Retail Store Breakdown
Some of the key things you need to know about retail store business in Kenya is that you need the following to be successful:
2. License and permitting fees.
3. Equipment and technology.
4. Store fixtures.
5. Business insurance.
7. Starting stock
This is a retail store breakdown that you need to know and their prices depend on the amount of capital you have.
To summarize, to start a retail shop business requires a minimum capital. In addition, invest more in your shop to earn high profits at the end of every sale.