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FINANCIAL
| START UP COSTS |
| Start-up costs could
be as low as $25,000 for equipment, fixtures, & inventory. The major variable is the
leasehold improvements you will encounter for store build out, and can range form less
than $5000 to more than $50,000 depending on the suitability of the site for your
purposes, and depending on what you are willing to spend. You should also plan on having a couple of months operating capital requirements available before opening. |
| INCOME PROJECTIONS |
| Entrepreneur Magazine estimates the average
net profit before taxes for contemporary ceramics studios is in excess of $100,000. Duncan Enterprises experience with their own test store indicates that the average customer spends $27.00 of which bisque & color cost is about $7.00 for a gross profit of $20.00 per customer. From this information you can estimate the number of customers per day you need to fulfill your income objectives based on the number of days per week you are open. This should also underline the importance of your efforts being focused on bringing customers through the door. |
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