Business Plan Thrift Store

by Brenda
(Ruckersville Va. USA)

I need to write a business plan for a thrift store can you help?

Answer
Brenda, in one sense, a business plan for a thrift store is much like any other retail business. Start A Retail Business is probably your best starting point. There are dozens and dozens of checklists and worksheets to help you determine what you need to start your business, with particular emphasis on considerations for a retail business plan. Most importantly, this will help you pin point what you already know, and what you need to learn, before opening your store.

Many thrift stores are operated just like other retail store. Some are not. Some are operated as auxiliaries of non-profit organizations. I believe that a certain percentage of sales must be donated to that charity to qualify as a non-profit thrift store, and there may be other legal requirements. Find an accountant in your area familiar with this type of business and determine what the specific requirements are. There are tax benefits that may or may not be of assistance to you. So get the help of a pro as you build your business plan for a thrift store.