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Your business: how to open a jewelry store

Jewelry store is a profitable and prestigious type of business. There is always a need for jewelry. A high margin on the product provides a good income, which is about 300 thousand rubles a month.

Jewelry has always been appreciated. Now most people wear at least one piece of jewelry. During the holidays, sales of jewelry stores increase significantly. Profit from sales of such a store is very significant. Then why do not all entrepreneurs succeed in this matter? The specifics of goods, large initial investments and difficulties in paperwork can become a barrier for beginners. Therefore, only those who have practical business experience and accumulated funds can realize this idea.

Prospects for the jewelry business
The jewelry business is a fairly popular trend. The demand for jewelry is high, although in recent years it has been steadily declining due to a decrease in household incomes. Against this background, inexpensive, but original jewelry becomes relevant. Those stores that competently make up the assortment and can guess the preferences of the target audience can succeed in this business.

To summarize, about 90% of the country’s population are potential customers of jewelry stores. The problem is that not all of these 90% can really afford to buy jewelry. In large cities, the percentage of real buyers is 30%, and in small cities – no more than 10%. But even with a small number of sales, a jewelry store can earn a lot of money. Due to the high margin on goods for the sale of only one piece of jewelry, an average of 20-25 thousand rubles can be earned. So the jewelry store remains in demand: both from entrepreneurs and consumers.

Documents for opening a jewelry business

First of all, you need to collect a full package of documents. The list includes a standard set of registration documents and permits for trade in jewelry.

For the sale of jewelry, it is better to register an LLC by indicating the OKVED code “47.77.2 – Retail sale of jewelry in specialized stores”. With regard to taxation, it is better to choose a general scheme. Why is it more profitable? Firstly, such a business does not bring stable profits – it happens that in one month there are no sales, and in another it is possible to earn 300-500 thousand rubles. Secondly, due to the instability of trade and high risk, you are entitled to tax benefits. As a result, you will not pay 24%, but about 13% of the total profit.

In addition, a number of documents will be required to register the jewelry business:

Permission in the Assay Office;

Jewelry trade license;

A special certificate for the sale of emeralds and diamonds (if they are in the assortment of the store).

Keep in mind that all jewelry sold in the store must have certificates indicating the sample of precious metal, weight, and also confirming that you have the right to dispose of this product.

Like any retail premises, a jewelry store must obtain permission from the SES. Since the interior uses fluorescent lamps in which harmful metals are present, care must be taken to dispose of these lamps. To do this, you should conclude an agreement on the export and disposal of lamps. An agreement on garbage removal, in particular, broken glass (as mirrors are used in the trading floor, is also obligatory).

Jewelry Store Room
To trade was successful, you need to consider the location of the store. Jewelry is not a commodity, so opening a store is beneficial:

in a large shopping center;

on the central or crowded streets of the city;

close to business complexes, hotels, restaurants, banks, etc.

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