A retail blind business can be established at relatively low cost. This business involves visiting prospective customers at their homes, measuring their windows, and helping them choose fabrics from their sample range. When you take an order, you simply send it to a blind manufacturer who offers a commercial supply service. They will make the blinds to your specifications and ship them to you. He then returns to his client to put up the blinds and collect payment. There is no stock to hold as you are supplying bespoke products, custom built to your customer’s requirements, so you only buy stock when you have an order.
You should also expect to collect deposits from customers, which means you have to cover your purchase costs before placing your orders, giving you a very good cash flow situation. To start this business, you will need a variety of samples to show people. These can be purchased from a commercial manufacturer. You could actually ‘beg’ for some free swatches, however it’s much better to have professionally produced swatches at least rather than scraps of cloth. A sample set can cost up to £200, however there are options available where you can get a starter set for around £50 and trade it in later as your business becomes established.
You will also need some tools for assembly, a good drill, hammer, screwdrivers and a small stepladder are essential pieces of equipment. Another thing to consider is how to promote your new business. Advertising in local newspapers works well; however, this will increase initial costs. You can also print flyers and deliver them yourself as a low-cost alternative to getting started. Installing most blinds is a simple task and can be done by anyone with a basic knowledge of DIY. If you choose your commercial supplier carefully, they should be able to offer you any installation advice and guidance you need. Typically, window blinds retail operates on a gross profit margin of around 40%, meaning you double your retail purchase price excluding VAT. With the right approach and marketing, you could expect a turnover of £100,000 plus a year.