Candy
The world loves to satisfy its sweet tooth, and you can make a profit in the meantime by providing a means for them to get their sugary fix. If you're interested in starting your own candy store business, you have two options. You can start your own store, or become a franchise operator. To find out if you've got what it takes to start your own candy store, check out the tips and information outlined on this page.
Instructions
1. Put together a business plan. Assess the competition in your area and outline your intentions. Map out the types of products you plan to sell in your place of business. If you are a confectioner, you may make your own candies, or you may purchase stock from major candy companies to sell in your shop. You may also buy into a major candy franchise, and take advantage of the benefits that come with setting up an already well-established shop.
2. Apply for a small business license in your area. This process will secure your company name and help you get an Employer Identification Number. You will need to provide your business outline for approval.
3. Coming up with the capital you need to start your small business will probably require you to seek out a personal loan. You will need between $10,000-$50,000 to get your new business off the ground. Visit your local bank and ask for a business loan application. Fill out the application, providing all necessary, required information.
4. Set up an appointment with the loan officer at the bank. You will need to supply proof of income and a financial assessment listing any property you already own. You may be required to use personal property, such as your home, as collateral for a loan.
5. Secure a loan, and begin searching for the right business location. Use your business sense and avoid opening your store too close to another candy seller. Set up a rental agreement, or buy the building you wish to use.
6. Purchase stock. Even if you will be making your own confections to sell, you will still need to purchase ingredients for your inventory. Keep track of your receipts and purchases in a ledger, as you will need it when it's tax time. You will also want to keep similar record of all sales and losses.
7. Advertise. Even if you can't afford a big advertising campaign, take matters into your own hands. Print out fliers and leave them around town so others can find your store. Be sure to announce any special deals and offers you have.
8. Make a splash debut. Grand openings are a great way to establish yourself in the business community. Giveaways will draw people in, and samples will keep them coming back for more.
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