Office Space Expenses

$0

$7,000

Employee & Freelancer Expenses

$151

$352

Website Costs

$223

$7,215

Business Formation Fees

$600

$4,700

Equipment & Supply Expenses

$66

$700

Retail Business Expenses

$1,250

$11,650

Inventory Expenses

$350

$14,750

Software Expenses

$150

$2,470

Advertising & Marketing Costs

$75

$5,286

Total Startup Costs

$2,865

$54,123

BBQGuys

bbqguys.com

23,562

Blackstone Products

blackstoneproducts.com

126,103

Gas Grills, Outdoor Kitchens & Supply Store

bbqgalore.com

147,788

Blaze Grills

blazegrills.com

151,741

Lamson

lamsonproducts.com

330,698

Kick Ass Grills

kickassgrills.com

373,864

PK Grills Charcoal Grill and Smoker

pkgrills.com

451,227

Lynx Grills

lynxgrills.com

477,367

Wholesale Gifts. Buy Wholesale Products Direct From Distributor

mitechtrading.com

566,175

Mr. Bar-B-Q

mrbarbq.com

589,753

Atlanta Grill Company

atlantagrillcompany.com

595,608

Flexibility

You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Unlimited income potential

With starting a BBQ tools business there is no cap as to how much income you can make. The stronger your business skills and the more energy/time you put into your career, the more you'll make.

Predictable income stream

Your businesses income stream tends to be predictable based on the number of customers you have signed up. This makes financial planning and outlooks much more seamless!

Higher likelihood of getting referrals

This business is all about referrals, which can be a a very impactful way to attract and retain customers. It's critical that you have a great referral program in place that incentivizes your customers to tell their friends about your product.

Location is everything!

When operating a physical storefront, the location often speaks for itself and serves as it's very own marketing tool! It's important to choose a location in a high traffic area so you can spark curiosity and get people through your door!

Simple business model

A BBQ tools business has the advantage of a simple business model, which makes launching and building the business more seamless.

Low margins

The gross margins for your BBQ tools business are typically around 35%, which can make it more challenging to incur new expenses and maintain profitability.

Taxes

As a BBQ tools business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.

Niche Market

A niche business is not necessarily a bad thing, in fact, it can be the key to your success. However, it can be more challenging and time consuming to find the perfect niche market and target audience.

High overhead expenses

With starting a BBQ tools business, there are overhead expenses that come with selling a physical product. You will want to make sure you strategically budget for these overhead costs. We discuss this more in the startup costs section below.

You may need to charge sales tax

If you are selling your products in various states, you may be required to charge sales tax. Although this may not impact your financials specifically, it can be a headache to create a process and procedure for this. To learn more about sales tax, check out this article

Churn

In this business, customers can cancel their membership or subscription for your services - which can make revenue forecasting challenging and unpredictable. It's important to focus on your churn rates and trends so that you can prevent this as much as possible.