How to open a paint shop? We often want the world around us to be filled with many colors, so that a good positive energy remains in us. Because it is said that colors give good power, when we sit to paint the walls of our house, we seek advice from every member of the house so that the best one comes out and there is no shortage.
There are 2 reasons behind this because the colors of the house make us proud in our society and our relatives and secondly it also makes us feel good. At the same time, many types of paints have come into the market, these include textures which are in trend nowadays, while plastic paint is also being liked by people because it lasts for a long time and when dirty.
Today we will also tell you through this post what the business of a paint shop is. How to open a paint shop business and we will also tell you how you can buy paint agency from a big company. So if you are going to open a paint shop or you have to take the agency of a company, then you have come to the right place, in this post we will give you such information which will be very valuable to open a paint shop.
Things To Required For Paint Shop Business
Many things are not required to start this business, but still, the things that are needed depend on the size of the business because this business can be started from home or a shop for rent. But we can start this work.
- Place (Shop)
- Electricity, Water Facilities
- GST Number
Investment for Paint Shop Business
Your biggest expense in opening a paint shop is that if you already have a shop then it is a good thing and if not then you have to rent the shop for it. The biggest thing is where the shop is located, so it should always be on a commercial or major street. So in such a situation, the rent of this shop is also very high.
In this, we also assume rent of 10 to 15 thousand for a month because you will need a big shop. Apart from this, you will have to take the goods on credit, which you can take from the distributor of the local city, but still, it will cost you around 5 to 7 lakhs. Apart from this, the cost of the machine is also around 3 lakhs. And if you keep 2 helpers and also give 5 to 10 thousand rupees to 1 helper, then for 2 helpers you will have to pay 15 to 20 thousand rupees every month.
After the helper, you will need a computer through which colors can be mixed in the machine and the customers can be given colors according to their choice. For this, you will need at least an i-3 processor and 4 GB RAM. The price of this computer in the market is around 25 thousand. Apart from this, if we consider 20 thousand more including the cost of the rest of the furniture, then overall this expenditure will be around 8 to 15 lakhs. But you can take a lot of it on credit as well. And you can start your own business.
Total Investment: Around Rs. 8 Lakhs To Rs.15 Lakhs
Paint Shop Business Location
As soon as you make your plan, after that you have to select the location for your paint shop, you have to keep in mind that while choosing the location there should not be any paint shop near you because Where there will already be a paint shop. Earning your money can be difficult. But you have to take special care of one thing that this shop should be such a place which is busier and there is a whole market all around. So that your shop does not hide in any corner. So try to take the shop to the big commercial market, but if you are not able to do this then you should take the shop to the big road.
Space: 500 to 600 Square Foot
Documents Required For Paint Shop Business
The registration and license required for paint shop business may vary with the state: GST Registration, MSME Registration, Business License.
Personal Document (PD): There are many documents inside the personal document such as:
- ID Proof:- Aadhaar Card, Pan Card, Voter Card
- Address Proof:- Ration Card, Electricity Bill,
- Bank Account With Passbook
- Photograph Email ID, Phone Number,
- Other Documents
Business Document (PD)
- Business Registration
- Business Pan Card
- GST Number
Must Read: How To Get Government Tender In India?
Buy Paint Stock & Machinery
After selecting your location, after that, you have to buy stock for your Paint shop and machinery for making paints. What I mean by stock is that you need to buy the equipment you need to paint.
Keep things like primer, touch wood, sandpaper, brush, POP, which are very much needed in paint so that the customer does not have to go anywhere and all the goods are available from you to the customer at a good price and if we talk about machinery. You have to get information about machines from any of your competition and you can get these machines from anywhere, if you want to buy it online then you can also buy it online.
Marketing of Paint Shop Business
Now you have done all the work of your paint shop, now all you have to do is to reach your product to the people so that more and more customers can come to you. Now the question becomes how to market your shop, then let us tell you that there is some way to do marketing like you can run advertisements of your shop or you can also get your shop’s holdings and banners installed. You can also publish news in your city newspaper and if you want you can also make a website of your shop and promote your product on your social media handle also.
How much profit will the paint shop make?
When you start the business of paint, you get a margin ranging from 5 percent to 20 percent in the goods, which is in the price in the distributor and retail. So by doing this you can generally earn 40 to 50 thousand rupees a month. But it all depends on your marketing skills. If you sell fewer goods you will make less profit but on the other hand, if you can sell more then you are likely to make more profit.
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