Opening a Shop: Six Startup Costs to Consider
- Superscript
- Jul 18
- 6 min read
Updated: Jul 22
The costs involved in setting up a business depend on a huge variety of factors, from your location, to the originality of your product and from the state of your industry to the wider state of the economy.
For aspiring shop owners, the cost to cover the first year of a retail store’s life are estimated to be, on average, around £172,000 according to research by quotemyenergy.co.uk. Because of the variables at play, it is impossible to say definitively how much it costs to open a shop. You will need to consider various elements of costing when assessing the likely overheads of opening your own shop and understand exactly what you get for that capital outlay.
So, read on to discover what costs you should consider when setting up a shop in the UK.
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