![]() ![]() After a downturn in 2020, retail rents are increasing in 2022. Rent and utility costsĬost per square foot per year for commercial space varies by location. ![]() And when you’re ready to put your plan into motion, having everything documented will help you secure financing, loans and investment. It’ll give you a place to put all the calculations you’re doing, so you have all your costs organized in one place. However, when you’re calculating retail store startup costs, having a business plan is key. Unless you buy a business plan template or hire help (which you don’t need to do- check out tips and a template here ), writing a business plan doesn’t cost anything in and of itself. Getting licensing, permits and insurance.Download now How much does it cost to open a store? Here’s your retail store cost breakdown: ![]()
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