Mini mall business plan

And snack foods like pretzels, cookies and other easy-to-carry items can be popular.

mini shopping mall plans

The truth is that all that we do will be geared towards creating new market channels, increasing sales and our market share. Items should also be logically placed in the store. You can plant trees outside to make the mall look beautiful and attractive.

Infrastructure and staff: When planning to open a mall here are few things that you will need: An architect who will design and supervise the construction of the building. Thus before you chalk out the expense and investment to open a mall, plan what are the sections you want in it and what kind of niche you wish to target.

Look for an area where there are no competitors around. You can put an advertisement in television. Hats Hats are also popular items that you can easily sell at a mall kiosk.

How much money needed to open a mall

The experts here will not just help you open your own website to promote your mall but they will also provide you proper training so that you can manage fund, plan proper strategy and run the business successfully. Custom Portraits For the artistically inclined, you can even set up a stand where you offer custom portrait services for shoppers looking for unique purchases or gifts. Even one product bought extra will benefit the store. Baby Products To appeal to family shoppers, start a kiosk that offers baby products like strollers, carriers and similar items. A few examples include: Scooped or soft ice cream in cones Freshly made hamburgers and ice cream Fresh coffee. Email this Article Print This Article Retail chains and shopping malls have struggled mightily in recent years, leading to tons of vacant space and shuttered storefronts. Home Improvement Services If you offer home improvements products or services, you can set up a mall kiosk where you speak with customers and show them samples of your work to get them to sign up or purchase a service for a later date. Shoes Or you could go a little more in-depth with your product line and offer a particular style of shoes. Spa Services Or you could focus on spa services like manicures, pedicures, massages or similar items. We know that one of the ways of gaining approval and winning customers over is to lease our shopping mall spaces a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while. Before the mall era started there were departmental stores.

Thanks to the World Wide Web which has made this possible. Small Business Administration provides templates and resources to help you.

Advertise our shopping malls on national dailies, local TV and radio stations Promote our business online via our official website and all available social media platforms Introduce our business by sending introductory letters alongside our brochure to retailers, business operators, hair stylists, barbers, tanning specialists and manicure and pedicure specialist and key stake holders in Elk Grove — California Print out fliers and business cards and strategically drop them in offices, sport facilities, libraries, public facilities and train stations et al.

Finding Suppliers You need a strong and reliable network of distributors to get the goods for your store.

Small shopping mall business plan

Ear Piercing If you have the correct tools and training, you can also set up an ear piercing stand at the mall. If you are planning to open it in a barren land then along with decoration there will be a construction cost. You also need to appoint people who will take care of the parking lot. Level of risk and profit feasibility: If you just open a mall without any planning then it is quite natural that the foot traffic will be low and eventually you will have to suffer loss by closing it down. The website will also have your address along with a phone number which will help them reach the destination easily. We also have a team of certified and experience workers. Who can start the business?

We are quite aware that to be highly competitive in the industry, you are not only expected to make available safe shops, and office spaces, but you must be able to meet set targets. Drones If you want to set up a trendy or high-tech business, start a kiosk where you sell consumer drones.

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How to Start a Retail Store Business in a Shopping Mall