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Nairaland Forum / Nairaland / General / Business / How Much Can Set Up A Standard Men’s Boutique In Ikeja? (29485 Views)
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How Much Can Set Up A Standard Men’s Boutique In Ikeja? by Sincinnati: 10:22am On Aug 25, 2021 |
Good Morning Nairalanders. Can a budget of N6million set up Men’s standard Boutique in Ikeja? If it can, I will like to know a detailed breakdown of the likely costs/expenses. |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by expertman(m): 10:28am On Aug 25, 2021 |
Sincinnati: 500k 2 Likes |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by Sincinnati: 10:31am On Aug 25, 2021 |
expertman:How’s that possible in Ikeja Or is that Rent alone? Please I need serious answers and breakdowns if you have a realistic knowledge of it. 44 Likes 1 Share |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by expertman(m): 10:32am On Aug 25, 2021 |
Sincinnati: It's very much realistic that's if you already have a shop ooooo. 3 Likes |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by Sincinnati: 10:34am On Aug 25, 2021 |
expertman:No shop yet. So you should factor in Rent, Design and Decorations. 11 Likes |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by gasparpisciotta: 10:36am On Aug 25, 2021 |
Sincinnati: Are you obtaining this information for yourself or for another? The best way is to get your boots on the ground. We can discuss if you are willing to engage an expert to do a proper analysis 5 Likes |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by Sincinnati: 10:39am On Aug 25, 2021 |
gasparpisciotta:Let me see what I can get here, I may contact you I get no serious replies here. |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by expertman(m): 10:41am On Aug 25, 2021 |
Sincinnati: Jesus I am not familiar with Lagos Terrain . When I wanted to start my electronics shop . I spent 460k to 500k cos I built the shop myself from scratch since the landlord do not have the funds . We now use the amount as 5years payment plan with monthly payment of 5k. I spent about 80k on shop design which include bill board that lastest fancy plastic billboard used by boutique guys now cost about ,100k for the iron one. Went to Alaba and registered with electronics companies with my CAC . I used just ,500k as a capital startup then . And within 2years I bought my first car. The main thing is make sure u ask from who know road on best places to buy the good cheaply that way u did save a lot of money. Cheers and wish you success 182 Likes 11 Shares |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by Sincinnati: 11:14am On Aug 25, 2021 |
expertman:But electronic shop can almost be set up anywhere, the need to get bustling site cannot be compared to that of a Boutique. All the same, thanks for the insight. 16 Likes 1 Share |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by bakesntakes(m): 11:39am On Aug 25, 2021 |
expertman: Oga na "standard" boutique o, no be boskona 69 Likes 3 Shares |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by bakesntakes(m): 11:48am On Aug 25, 2021 |
I think 6 million is good enough. You can get a shop for 700k yearly Repairs, carpentry works, Electrical & electronics setup, furnitures -(1m should cover everything that needs to be fixed and setup) Mannequins #200,000 for about 40 pieces The rest would go into getting authentic wears (shoes, bags, hats, shirts, trousers, belts, etc) You can get Authentic wears at Eko market or online from international stores online. I have a plug in Eko market that deals in high grade wears, and I know a couple of online stores that you can get Authentic stuffs. 6million is a great budget If you need more information, let me know. 71 Likes 5 Shares |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by Sincinnati: 12:55pm On Aug 25, 2021 |
bakesntakes:This is the type of estimate I want. Thanks you. 49 Likes 1 Share |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by Snitch24(m): 12:56pm On Aug 25, 2021 |
For that location 10m is ok for a start |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by slawormiir: 2:42pm On Aug 25, 2021 |
Damnnn niggar Grab my weed to learn 5 Likes |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by Sonnobax15(m): 2:43pm On Aug 25, 2021 |
Somebody said 700k for rent yearly.. How much dem dey sell 100 by 50 plot of land for Delta? There are certain things one must consider first before venturing into any business... Because if you don't really inquire very well,you may end up remitting all your profits as rent to your landlord... 62 Likes 2 Shares |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by FalseProphet1(m): 2:43pm On Aug 25, 2021 |
Take your capital everything in your hand and use it to change the wardrobe of your pastor, and before the end of this year the boutique would become a reality. This I have seen. 20 Likes 2 Shares |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by Optimistguy1969: 2:44pm On Aug 25, 2021 |
Where una dey see this monnnnneeeeeeeyyyyyyyyyyyyyyy ?? Sincinnati: 16 Likes |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by Authoreety: 2:44pm On Aug 25, 2021 |
Nice |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by Oyiboman69: 2:44pm On Aug 25, 2021 |
I go travel go Lagos tomorrow... 1 Like
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Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by theenchanter: 2:44pm On Aug 25, 2021 |
bakesntakes:40 mannequins is even too much for a start. 39 Likes |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by Antoeni(m): 2:44pm On Aug 25, 2021 |
A standard boutique at ikeja 15m is fair enough 1 Like 1 Share |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by younglleo: 2:45pm On Aug 25, 2021 |
4 million go run am, use 1.5 sponsor me comot dis country den after 2yrs u get 4mill from me, easy business 31 Likes 2 Shares |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by saphiere(f): 2:45pm On Aug 25, 2021 |
Sincinnati:Men don't wear clothes. |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by stalwart123(m): 2:47pm On Aug 25, 2021 |
About 6 million, since it's standard. |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by Perfecttouchade: 2:48pm On Aug 25, 2021 |
Ok |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by phemmyfour: 2:49pm On Aug 25, 2021 |
saphiere:so much hatred 6 Likes |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by kenzysmith: 2:49pm On Aug 25, 2021 |
8 to 10 million will be enough but if you are going to attract big guys then 40million will do sir 1 Like 2 Shares |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by Seniorwriter(m): 2:50pm On Aug 25, 2021 |
Sincinnati: @OP why do you want to expend huge monies for an offline setup when you can actually get a better sales process via online(eCommerce)....and make as much as $1k monthly. With the write tools(Platform, Sales Funnel, Freebies & Customer retainership procedure) you can have 1k persons buy @least a product from you even if it's just one a month and if your profit margin is just a dollar multiply it by 1k customers .... To get 1k customers is easy with a special sales funnel blue print. Let me give you an insight...imagine you exposed to a blueprint architecture that helps secure 250 students from 4 Nigerian Tertiary Institutions that's 1k customer base and all they do is buy just one of your wears once a month from your eCommerce platform and you pegged your profit @as low as #500 after delivery(some may even foot the delivery cost) ....do the maths as regards your profit monthly....FYI they will keep increasing as long as you deliver and you keep given the freebies in the Sales Blueprint! Enough said....if you are interested in acquiring or getting the know how to this special sales process kindly reach out via the facebook ID on my profile's personal text stating your NL moniker with the word CONCEPT! Sagay212:Going through your comments here shows your toxic stupidity is legendary.....Get a life BTW you are not the OP. You lack simple comprehension ability....can you state how the OP will be scammed from my very detailed sales funnel approach? People like you have a very toxic and backward reasoning! What stops one from showing others how to do things rightly for optimum profits even if one is earning in millions....your mentality is so skewed and you need to really get help. Sagay212:Trash.... Your response makes you come off as someone frustrated & bitter! SMH@you.... More so it shows your coconut head can't process all I posted there because you are ignorant and not tech savvy in such matters. I'll leave you to your ignorance! Since you don't have comprehension ability.....more so I can see your poor mentality on what I posted.... Deep Quote: Ignorance is the opium of stupidity when one isn't open minded to learn. @SENIORWRITER 11 Likes 2 Shares |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by Ademola47(m): 2:50pm On Aug 25, 2021 |
It's enough, if you want it to be enough One thing I've realised is that most businesses established 'conveniently' with 100% starting capital don't last long. Why? Good! The employees see it as a safe haven for stealing. They believe Oga is very okay and only use it to 'store' money. Pathetic right? But that's the basic truth! Even if you have the money, it's advisable not to pump it on it initially. Now, let's go practical and map out an estimated budget. Shop rent @ 500k for first year (300k subsequent payment) Furniture and interior demarcation @ 250k Painting and bannner @100k Electrical fitting @ 150k Generator @100k Table and 3 chairs @100k Mannequin 10 (5k each) @ 50 Keep 200k for miscellaneous and use the rest to buy goods. 15 Likes 2 Shares |
Re: How Much Can Set Up A Standard Men’s Boutique In Ikeja? by GeneralPula: 2:50pm On Aug 25, 2021 |
Business sha.. I know of a dude like that back then in Abk. He doesn’t have anything inside his boutique aside from 2 sitting chairs and clothings wardrobe.. His grace is that nah boys wey get money be him customer - as hin dey arrive from market, dem don already purchase 70% of whatever’s available.. The guy don build like 3 houses.. So wherever you want to have your boutique, make sure you’ve run checks to know if boys are in that area cuz believe me, nah boys dey help boutique owners oo.. For Ikeja alone, lord knows how many boutique dey there... Goodluck! 17 Likes 4 Shares |
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