About Startup Costs
The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.
Business At A Glance
Specialty Rug Sales
Startup Costs: $10,000 - $50,000
About
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? No
Online Operation? No
Rugs may get walked all over, but that doesn't mean customers don't want them to look good.
Business Overview
Here are two options for starting a business that retails Oriental, Indian and Persian rugs and carpets. The first option is to locate and secure a foreign supplier for the carpets and negotiate an exclusive sales and distribution contract to represent their products in the U.S. The second option is to purchase secondhand, high-quality carpets and resell them for a profit. The second option is substantially less capital intensive to start and operate. However, the profit potential for the business is also somewhat limited to the availability of a plentiful product source. Regardless of the way the business is approached and established, the fact remains, handmade Eastern rugs and carpets are in very high demand by consumers and professional decorators, and often one single carpet can retail for as much as $10,000.
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