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Whether it's jelly beans, chocolate or bubblegum, people young and old, in large metropolitan cities and small rural areas enjoy eating candy.Running a candy store can be exciting and profitable, but to be successful, you must carefully plan the launch and growth of your business with a solid business plan and adherence to federal, state and city laws. For instance, you can specialize in selling organic candy, gourmet chocolates, imported goodies, homemade confections, or old-fashioned and nostalgic candies.Managerial and Sales Staff The candy store may either be self-managed by the entrepreneur or a professional store manager may have to be hired, along with additional sales staff.
The following are the important elements that must be included when writing a business plan for a candy store.
Choosing the Store Location In a niche retail business, store location becomes crucial because the product primarily caters to younger age groups.
Once all these issues are sufficiently addressed, the business is all set for being launched in close adherence to the approach outlined in the business plan.
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Registration and permits required for a candy store can vary by city and state.
You will need an Employer Identification Number, or EIN, from the IRS for payroll and federal taxes (see Resources).Beverages, mineral water and soda fountains are also popular and complement candies, so these options may be considered as a part of the candy store business plans.Capital Investment and Budgeting A candy store can be a substantially capital intensive business if the chosen location is prime and expensive.Selling candy may appear a simple business at the outset, but in a highly competitive candy retail market it requires a top professional approach to succeed in this business as a new entrant.Preparing a business plan is a critical first step before launching a candy store.Business plan The Candy Shop -------“I love Sweet” Executive Summary Business overview We decide to setting up a sweet shop in Sydney CBD. We make this name because we want to provide the best lollies and sweets to people who like sweet. Also “I love sweet” is known as our slogan, we wish customers enjoy our sweets and love our sweets. The feature product we are going to sell is the design lolly which can put the simple words on it.Customer can image their own lolly in our shop; this is quite interesting to them.You will also need to register for a state Tax Identification Number, resale permit or fictitious name certificate.Contact your state's health department to find out what licenses are needed to start a food business.Funds must be raised at competitive interest rates in order to create a sustainable business model in a very competitive candy retail market.As far as possible, internal accruals must also be deployed to reduce the interest burden.