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Headway UK Retail Workshop Way Ahead 2017
What to expect if you want to open a charity shop. How to set up a shop, how much it will cost and what you can expect in income. How to get what you will need:- people, stock and procedures. Other opportunities to raise income from Retail Activities.
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Expectations Challenging Retail environment Hard work
You can make a loss as well as a profit HW UK shop net profit range from £11k to £50k Higher profits are from well established shops We only do Retail, it has to be managed
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Choosing the Right Location
Footfall Counts people per hour Size sq ft Access Number of floors Parking/transport facilities High Street/Shopping Centre/Other Banking facilities
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Costs Annual achievable sales 3.5 X Rent to realise a £10k Profit Rent £5k-£23K average £16K Set Up Costs £40-£45k Annual running costs £40-45K We have one or two at £9k then anything in between to £16k Increase costs have to increase turnover This is based on paying a full time manager and a 1 day deputy
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New Shop Set Up Shop Fitters Signage Utilities Rates Relief
Fixtures and Fittings Recruitment Stock Acquisition
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Day to Day Management Stock Processing Cash Handling
Policies and Procedures Managing the Business Managing the People Carol D bars hold 65 items process at least 100 per day, 1000 capacity is usual, take off everyday, record the information Have strict cash handling procedures bank daily
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General Gift Aid Charity Retail Association New Goods E Bay Furniture
Electricals Trading Company
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Way Ahead 2017 Any Questions
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Resources www.charityretail.org.uk www.knowhownonprofit.org
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