Get Your Business Cooking: Open a Kitchen Store
Business Overview:
You only need to turn on the television these days to see how popular cooking is and how lucrative opening a kitchen store business can be. It seems that every TV chef has his or her own line of kitchen supplies, not to mention all the standard names in kitchenware like Cuisinart, KitchenAid, Oxo and All-Clad. There is always a new gadget or line of cookware coming out and as the owner of your own kitchen store, you can be among the first to know about and stock these items. You don’t need to be a wonderful cook to do well with this business idea but it would be helpful to have an appreciation of cooking as an art and recognize that millions of people use cooking as a means of relaxing and expressing themselves. Your store can specialize in any area you are interested in such as baking, outdoor grilling or you could offer a wide range of items as a multi-purpose supply store. Not only will your customers be able to pick up gadgets, knives, pots and pans, you can expand your services to include cooking classes, demonstrations and cookbook signings. The hardest part of starting a kitchen store business will be finding the right location and stocking your store with the best quality products. Buying a franchise is an easy way to help get you started but you might not be able to make as many decisions about what products you carry. Either way, you will need to line up financing as this is not an inexpensive endeavor. Finding a knowledgeable staff will take some time but once your store is running smoothly, you’ll be able to take time off, attend cookware conventions, and enjoy the true freedom that comes with owning your own successful kitchen store business.
A Day in the Life of a Kitchen Store Business Owner:
Your day as the owner of a kitchen store will begin with a check of all your products to make sure everything is in place and priced. You will meet with your staff to tell them about any new products or policies. After you open your store, you will spend some time on the floor visiting with customers, helping them find just the right tool for their particular cooking aspirations. You’ll also spend some time in your office marketing your business (placing ads online and in local magazines) and keeping in touch with your distributors. At the end of the day you’ll record the day’s income, check your inventory and get the store ready for the next day.
About Your Customers:
Your customers will be cooks of all levels, from beginner to expert, looking for kitchen supplies.
What You Need to Start:
- Business plan
- Marketing plan
- Storefront
- Kitchen supplies (pots, pans, gadgets, knives, cookbooks, etc.)
- Staff
- Computer with finance software
The Good:
- If you’re a food lover who enjoys cooking, this business will be fun to operate.
- It is rewarding to help people find just the right kitchen item.
- You are likely to get repeat business if you offer excellent products and customer service.
- You get to test out all the latest kitchen products.
- Once your store is running smoothly, you can take time off when you need to.
The Bad:
- It can take some time to get your store stocked, hire a staff, and open for business.
- The hours will be long at first as you will need to be at the store whenever it is open.
Resources:
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