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How much money would it take to open a bookstore?

2024-09-16 23:50
I want to see a bookstore that can rent and sell books. He really wanted to open a bookstore that was similar to the Hope Bookstore that was a national chain. But I don't know how much money is needed, and what the risks are ~/ How big was the profit? The bookstore I want to open is located in Dongguan, Guangdong Province. There are many factories nearby, many workers, and a medium-sized school. I mainly want to rent books. I also want to know what kind of procedures I have to go through if I want to open a bookstore. Also, how long would it take to recover the cost? Would it be like what the friend on the first floor said, that it would be difficult to earn money? You haven't answered the rest of the questions. 70,000 to 100,000 is a lot. How much is the minimum?
1 answer

The amount of money needed to open a bookstore depended on many factors, such as the city, the size of the bookstore, the type of bookstore, and the way it operated. In addition, other factors such as rent, employee salaries, inventory, and purchasing costs needed to be considered. Generally speaking, the initial capital of a small bookstore might be between hundreds and thousands of dollars, while a large bookstore might need thousands or even hundreds of millions of dollars. The specific funding requirements also depended on the city where the bookstore was located, its geographical location, size, operating model, and expected revenue. Therefore, it is recommended to conduct sufficient market research and financial planning before opening a bookstore in order to determine the scale of funds needed and achieve the expected revenue.

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