Funds Required for Opening Fast Fashion Store

Author: Celia| Keywords chosen by Celia

                                        
Fast fashion stores can be seen in many areas of our life. The females, in particular, are the main consumer groups who favor these stores very much. Based on this, a lot of investors seize the business opportunities of opening fast fashion stores and are interested in relevant details. 
 
The fund, as one of the key factors, is a general point for many store owners. There are four main aspects of funds in fast fashion stores, namely, store rentals, shelves, product expenses and operational costs. 


1. Store rentals
 
The priority of opening a fast fashion store is certainly the location selection. Different areas have different rentals. Even in the same city, different districts and sections differ in their rentals. 
 
Relatively, those stores with great visitor flow and near the business areas will have higher rentals. 


2. Refurbishment fees
 
In this part, the exact locations and areas are dominant. For stores with similar areas, those in frontier cities are better than those in other ones. For stores in the same areas, those with larger areas shall pay higher rentals than those in smaller ones. 
 
Apart from the basic refurbishment, shelves, cashiers and other facilities are determined by store areas. 


3. Procurement costs
 
New opened fast fashion stores are necessary to ensure the full display of products. As a result, the procurement costs will be high to a certain extent. 
 
As a matter of fact, the exact costs and store areas are closely linked to the supply chains. Therefore, products at affordable prices and of high quality are money-saving. Procure products through franchise brands is a good option for that the headquarters will conduct general procurement and factories are likely to give the best prices. 
 
What’s more, professional purchasing agents will purchase products locally, which is beneficial to ensure product quality.