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Headway UK Retail Workshop Way Ahead 2017

Discover the ins and outs of opening a charity shop - from costs to income projections, managing people and stock, to setting up the right location. Learn about the challenges, opportunities, and essential resources for success.

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Headway UK Retail Workshop Way Ahead 2017

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  1. Headway UK Retail WorkshopWay Ahead 2017 What to expect if you want to open a charity shop. How to set up a shop, how much it will cost and what you can expect in income. How to get what you will need:- people, stock and procedures. Other opportunities to raise income from Retail Activities.

  2. Expectations • Challenging Retail environment • Hard work • You can make a loss as well as a profit • HW UK shop net profit range from £11k to £50k • Higher profits are from well established shops • We only do Retail, it has to be managed

  3. Choosing the Right Location • Footfall Counts 500 people per hour • Size 650-1000 sq ft • Access • Number of floors • Parking/transport facilities • High Street/Shopping Centre/Other • Banking facilities

  4. Costs Annual achievable sales 3.5 X Rent to realise a £10k Profit Rent £5k-£23K average £16K Set Up Costs £40-£45k Annual running costs £40-45K

  5. New Shop Set Up • Shop Fitters • Signage • Utilities • Rates Relief • Fixtures and Fittings • Recruitment • Stock Acquisition

  6. Day to Day Management • Stock Processing • Cash Handling • Policies and Procedures • Managing the Business • Managing the People

  7. General • Gift Aid • Charity Retail Association • New Goods • E Bay • Furniture • Electricals • Trading Company

  8. Way Ahead 2017 Any Questions

  9. Resources • www.charityretail.org.uk • www.knowhownonprofit.org • www.hmrc.gov.uk/charities • headofretail@headway.org.uk • retail.areamanager.north@headway.org.uk

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