Business Idea

Start A Kitchen Supplies Store

About

Starting a kitchen supplies store requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell kitchen supplies, or selling kitchen supplies online, you can use this page as a guide for everything you'll need to know.

Key stats

market size
$62B
revenue (monthly)
$333K
starting costs
$60.8K
gross margin
50%
avg product price
$50
time to build
10 months
growth
Email marketing
business model
E-Commerce
time investment
Side project

About

Starting a kitchen supplies store requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell kitchen supplies, or selling kitchen supplies online, you can use this page as a guide for everything you'll need to know.

Key stats

market size
$62B
revenue (monthly)
$333K
starting costs
$60.8K
gross margin
50%
avg product price
$50

 

time to build
10 months
growth
Email marketing
business model
E-Commerce
time investment
Side project

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $0 $7,000
Employee & Freelancer Expenses $151 $352
Website Costs $223 $7,215
Business Formation Fees $5,600 $20,400
Equipment & Supply Expenses $66 $700
Retail Business Expenses $1,250 $10,700
Inventory Expenses $350 $14,750
Food Business Expenses $2,000 $35,000
Software Expenses $162 $3,094
Advertising & Marketing Costs $75 $5,286
Total Startup Costs $9,877 $104,497

Successful Businesses

Business URL Rank
Birch Lane birchlane.com #15,636
Kitchen Warehouse kitchenwarehouse.com.au #51,557
Caraway carawayhome.com #60,746
Restaurant Depot restaurantdepot.com #78,822
Restaurant Supplies & Equipment restaurantsupply.com #82,795
everythingkitchens.com everythingkitchens.com #85,306
Mission Restaurant Supply: Great Commercial Restaurant Equipment missionrs.com #90,300
FoodServiceDirect.com – Widest Variety in Food Service! foodservicedirect.com #122,247
Kitchen Stuff Plus kitchenstuffplus.com #122,338
The Restaurant Store therestaurantstore.com #144,705
Attention Required! everten.com.au #160,422

Pros & Cons

Pros Description
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.
Meaningful business connections You never know who you will meet as a kitchen supplies store. This could be the start of an incredible business opportunity!
Easy to encourage "impulse buy" In the kitchen supplies store, you have a much higher chance of encouraging your customers to buy on impulse - you can easily alter the price, placement, packaging, and promotional value to influence the decision of your buyer.
Pick & choose the clients you work with Kitchen Supplies Storees have the ability to choose the clients they work with. You have the freedom to work with only a few loyal clients or with hundreds of clients!
Unlimited income potential With starting a kitchen supplies store 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.
Amazing perks and discounts Working in the kitchen supplies store comes with its perks! As a seller for these products/services, you typically also get to enjoy industry perks and discounts.
Cons Description
Motivation of employees If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.
Longer Sales Process A kitchen supplies store can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.
Low margins The gross margins for your kitchen supplies store are typically around 50%, which can make it more challenging to incur new expenses and maintain profitability.
Taxes As a kitchen supplies store, 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.
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](https://www.thebalancesmb.com/do-i-need-to-collect-sales-taxes-in-my-state-398913)

Marketing Ideas

  • 1

    Direct Sales

    Direct sales strategy implies a direct contact between a seller and a consumer without the involvement of any third party. Direct selling is popular in sectors where sellers communicate with their clientele personally. The sales technique occurs at non-store locations which include at home, work, or online.

    For direct selling to succeed, hire a few (or many) salespeople to support the sales conversion process. It's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.

  • 2

    Word of mouth

    Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.

    Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.

    According to Nielsen, 92% of people trust recommendations from friends and family.

    Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.

  • 3

    Social Media Advertising

    Social media advertising is the use of social media platforms to connect with your audience with the objective to build your brand, increase sales, and drive website traffic.

    According to Oberlo, approximately 48% of the global population use social media, and the number is ever-growing.

    Therefore, social media allows brands access to cost-effective advertising by enabling them to interact with a large audience.