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Thursday, March 26, 2015 11:39:42 AM
The locations with the best probability of success are, in order:
1.Next to colleges and universities, on a commercial walking street
2.Downtown business district, in a large office building
3.Neighborhood commercial walking streets
4.Heavy foot traffic tourist areas, with great visibility
5.Airports and large medical facilities (for carts and kiosks)
6.Strip malls
7.Inside shopping malls
If you have an excellent location, and assuming that you do everything right, you can expect to gross anywhere from $20,000-$30,000 in your second month of operation and end up the first full year with over $500,000 and reach over one million on your third year. Assuming that your rent is $3000-$8000 per month, this should leave you with 30%-40% of your sales after the break-even point. Therefore, if your rent is $3000 and you gross $20,000 your break-even point will be approximately. $12,000 and your earnings about $3000-4000 from the $20,000. You can figure how much you will make from $500,000 a year or more
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