Starting a furniture store can be an exciting venture for entrepreneurs. But there are both advantages and disadvantages to consider before taking the plunge. Here are some of the pros and cons of starting a furniture store:
1. High Profit Margins: The markup on furniture can be quite high, making it an attractive business for entrepreneurs.
2. Low Overhead: Because furniture is a physical product, the overhead required to operate a store is relatively low compared to other types of businesses.
3. Quality Products: Furniture stores typically offer high-quality products that customers will enjoy for years to come.
1. High Start-up Costs: Setting up a furniture store can be costly, as you’ll need to purchase inventory, secure a lease on a retail space and hire staff.
2. Seasonality of Sales: Furniture sales dip during certain times of the year, making it difficult to maintain steady cashflow.
3. Competition: There is a lot of competition in the furniture industry, making it difficult for new stores to stand out.