Hi Dahlia,

So many questions! That's great that you have a basic understanding of the expenses involved with a retail shop. I used to own a franchise retail shop (children's/maternity) so I am well aware of the costs.

My first suggestion is that you complete a written business plan. Within that plan you will have all the questions and answers (including your questions above). You will know if this is a viable business idea. With the financial reports you will know what your expenses will be and you will project what your sales will be.

Be sure to use the SBA preferred format whether you intend to request a business loan or not.

If you need help with this task see the links in my signature. I specialize in writing AFFORDABLE business plans for the new entrepreneur.

Good luck with your plan!