Made of Ticky Tacky
Join Date: Nov 2004
Location: On the hillside
Only someone who has never tried to run a retail business would call the above a rip off. Its normal economics. As has been suggested, why dont you try it, if you think its easy? But before you plan the cruise youll take with your profit, please factor in:
Wastage/shrinkage which in fruit and veg could take a substantial % of your profit.
Rent, unless youre planning to sell from the boot of your car.
Wages. Cabbages dont stack themselves.
PRSI and PAYE to go with those wages.
Rates, calculated by the sq footage of your premises. A good few grand a year.
Water rates. Even if all you have is a tap.
Incidental costs, packaging, till stationery, cleaning products.
Advertising. You cant sell a dollar for 99c without telling someone.
Refuse charges. Which with pallets and boxes and waste veg, will be expensive.
Public liability insurance. In case someone slips on a banana.
Electricity. Shoppers wont buy in the dark.
Bank charges. They charge businesses to lodge money. Did you know that?
Accountants fees. Unless you are particularly tax savvy.
Repairs and maintenance. Things break, all the time.
Transport costs. Not everything has free delivery.
Security. Youd think noone would burgle a fruit and veg shop, but youd be surprised.
And lastly, youve got the worry of not having a regular paypacket, and hoping your sales figures for the next month will be enough to meet your outgoings.
If it was that easy we would all be retailers. Those are the reasons most are not.