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Retail speciality rent should not exceed 10% of gross sales.
Project a realistic expectation of sales to establish a rent you can support.
Calculate your base rent on this projection and allow for a 20% error on the down side.
Keep in mind the lessor must cover costs and realize a gain on the investment, so new facilities may not be within range of what you can support. Depreciated older property may be the best option.
If your business is characterized by growth, you may want to offer the lessor a percentage of the sales over the base amount to offset a lower rent.
What else can I help you with?
What should be the percentage of wages to sales in a retail business?
Salary
What should be the percentage of salary to sales in a retail business?
7%
What percentage of retail gross sales should go to rent?
Depends on the business but for most small business your total occupancy cost should never exceed 10% of total sales.
What type of business was Woolworths?
Woolworth's type of business was retail sales. For a time this retail store chain dominated the retail stores market.
A tax on retail products based on a set percentage retail cost is called?
sales tax
What is meant by RSV in credit card business?
Retail Sales Volume
What is a realistic percentage for payroll costs in a small retail business?
A good goal would be 20 - 25% of Gross Profit (Sales - COGS). A realistic number might be 30%.
Which are greater wholesale sales or retail sales?
Retail sales.
What are sales alliances?
A sales alliance is an agreement where a company shares its customers with another business by drawing attention to that business's products, in exchange for a percentage of the sales revenue.
Technique a retail sales man should have with examples. skill of retail salesmanship responsibilities of retail salesman?
should be enthusiastic, confident, and smile alot
For a new business what percentage of your estimated first year's gross sales should be allocated to your advertising and public relations budget?
10%
What is the average percentage of rent to gross sales in a small retail store?
In retail ( outside a mall) I would think around 6 to 9% I would add my advertising cost to that for the real number . If your not in the mall, I like to think my business is a combination of expousere from rent and advertising.
