I am going to open up a thrift store and I need to know about how much I will need as money.

If you have to ask that question, most likely you don't have enough.

You have to figure at a min having at least 6 months working capitol in the bank. So take your rent, your insurance, your overhead for any employes, your electric, gas and water and all your other bills. Like advertising Multiply that times at least 6 and if you don't have that much money, most likely you don't have enough to start.

That is of course on top of any and all money you need to buy your stock, business license, signs, permits for signs and so on

If you have to ask that question, most likely you don't have enough.


Good answer and very true.

Before you just decide to open any kind of business, some research into what it takes to run that business and start up costs is definitely something you need to do.

Thrift stores (I assume you mean second hand goods) have a tough time paying the overhead. A storefront really needs a steady flow of sales all day long, because the markup just isn't high enough to cover expenses. And there's more than rent and utilities, you have to have liability insurance, a business license from your state, and business permit for a specific address from your town, and you have to pay income taxes. That's why you see so many thrift stores run by non-profits like Goodwill, Sally's, and churches.