How much capital is needed to open a maternal and child store
The funds to open a maternal and child store need to be determined according to different cities and store areas. Generally speaking, the capital required to open a medium-sized maternal and infant store is between 300,000 and 500,000 yuan, while the capital investment for a large maternal and infant store may be more than 1 million yuan. The investment cost is analyzed below from four aspects: equipment purchase, store rental, labor cost, and logistics distribution:
Equipment purchase cost
When you open a maternal and child store, you need to purchase a variety of strollers, cribs, toys, shoes and other equipment. The cost of purchasing equipment can be a significant component of a store\’s investment costs. Most maternity and baby stores should choose carefully when purchasing equipment and strive to strike a balance between quality and price. Paired with the right insurance policy, this can effectively reduce a store’s financial risk.
Store rental cost
The rent of a maternal and child store is sometimes one of the major parts of the entire investment cost. The location, decoration and rent of the store will affect the operating results of the entire market. The cost of store rental depends on many factors such as city, location, area and quality. Generally, rent accounts for 20% to 30% of the total cost. Therefore, choosing an excellent store location, treating it with special treatment, and entering into a good housing rental agreement with the landlord are the keys to controlling rental costs.
Labor costs
Store labor costs are another cost that you want to consider when opening a maternal and child store. The costs of store staff, logistics personnel and supplier partners will directly affect the store\’s effective profit margin and competitiveness. The salary and benefits of store employees are key factors for an excellent team. If they are too low, it will affect the enthusiasm of the store employees and thus affect the development of the entire store. After the maternity and baby store opens, it is necessary to develop an efficient and strong service team, and at the same time complete the decision-making and planning of human resources.
Logistics and distribution costs
In order to ensure the consumer experience, maternal and infant stores need to bear truck transportation and reasonable logistics costs. Opening a maternal and child store can cooperate with many logistics companies and carriers, but the price discounts can be large or small. Finding affordable prices and an excellent logistics department will help you reduce your store\’s free cash flow, creating a healthier business model. Maternity and baby stores usually spend 5%-10% of the entire investment cost on logistics.
Summary
To sum up, maternal and infant stores require a large amount of capital investment, and they also need to carefully choose equipment purchase, store rental, labor costs, logistics and distribution, etc. Investors should conduct sufficient market research and risk assessment, and act cautiously during the investment process, so as to create a healthy and strong mother and baby store model. This also requires continuous research and improvement to adapt to the changing market competition environment.
