How to Open a Movie Store

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Even in the age of the Internet, movie rental stores continue to attract new customers. A movie rental store can be a great business opportunity and a great way to do what you love if you are a movie buff. Getting your movie store started is not as hard as it seems.

  • Acquire a retail storefront to conduct business from. You do not need to purchase the property; you can simply lease it. Contact a local real estate agent to find a storefront property that fits your budget. Strip malls and retail outlets next to high-traffic businesses are the best way to attract new customers.

  • After acquiring your property, contact your local business licensing division to obtain a business license. This process is fairly simple and usually requires only a small fee ($50 to $100).

  • Get equipment. You will need to purchase or lease racks and shelves to display your movies, a minimum of one cash register for check out, and retail counter space. A display board that allows you to announce your new arrivals and prices is also recommended.

  • After your equipment is set up, acquire movies to stock your business with. Start with older movies if you are on a limited budget; bulk DVDs and videos can be purchased fairly inexpensively if they are not new releases. If you want to stock new-release films, acquire a supply contract with a DVD distributor. The distributor allows you to order new releases and lets you customize your inventory to your projected customer base.

  • Open for business. Make sure your storefront has a sign displaying your business name and telephone number. To spark consumer interest, place an ad in the local newspaper.

Tips & Warnings

  • Get a security alarm for your business, since DVDs can be easily stolen. Shop around for a supplier to provide your inventory; compare prices and services with several distribution companies.

References

  • Photo Credit http://www.flikr.com/creativecommons
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