Difficulty: Moderately Challenging
Step1
Find out what permits or licenses are required to open a pet store in your state, and the costs involved. Start with the local Chamber of Commerce and the Small Business Association.
Step2
Research commercial buildings available for rent in your area. Rent will vary depending on location and square footage. Plan to have 3 months rent in escrow before you open the doors.
Step3
Call several commercial insurance agents for a rough quote on both Liability and commercial Renter's Insurance. Be aware that in most cases, loss of livestock is not covered. If you have a fire, only cages and saleable items are replaceable by most policies.
Step4
Check out pricing on cages and food necessary for your operation. Remember to calculate enough products to sustain the animals you're selling, as well as to build and maintain stock available for customer purchase.
Step5
Seek reputable animal suppliers and find out what prices they charge. Make a list of the inventory you intend to have on opening day, and calculate the cost of purchase, delivery, feeding, housing and maintenance of the animals for a 3 month span. (They may sell during that time, but you must be financially prepared if they don't.)
Step6
Estimate your utility bills and payroll expenses including payroll taxes for 3 months.