We all know that cloth is one of the necessities of life, before now fashion was considered to be a female thing. But not anymore as males are more conscious of their dressing like the female folks if not more. In case you doubt what I’m saying watch fashion exhibition and see the trendy male wears. It is always good to add class to class to what you are doing and probably carve a niche for it. Do you know it is very easy to get more patronisers if you are dealing on male boutique than those selling mix? This is because interested persons believe they will get whatever they are looking for since it has to do with male things.
In this post you are going to find out the cost of setting up a standard men boutique business in City centres (tush environment) like Ikeja, Wuse 2, Port Harcourt etc.
Male boutique in City Centre
Before you setup your male boutique business; run a check in the area to be sure you have off takers so your wears won’t stay too long and start fading off. There are some traders before their goods arrive 70% have already been bought. Customers call to book down before the goods are brought from the market on phone, this makes the business interesting.
Cost of setting up a male boutique business in Ikeja etc.
- Shop #500,000
- Mannequin #550,000 (10) pieces
- Furniture and internal decorations/demarcation #350,000
- Painting and banner #100,000
- Electrical fitting #150,000
- Generator #100,000
- Ascetic designs and interiors 500k-750k
- Fibre mannequin 80k, plastic 60k
- Lightening 50k
- Standing mirror 10k
- Air conditioner/installation 15hp 180k
- Glass door 150k
- Hangers 10 dozen
Attention should be placed on lightening, transparent glasses and security.
Know where to source quality wears at reasonable prices
As a starter, buy from different locations or importers until you master the business
What to sell
- Shoes
- Bags
- Shirts
- Trousers
- Hats
- Belt
- boxers
- accessories
You can get correct wears at Eko market or online stores (international)
How to attract more customers to your male boutique business
You can set up online store to attract more sales for increased profit.
Tools for online boutique store
- Platform
- Sales funnel
- Freebies
- Customer retainment
Challenges of male boutique business
- Location
The location you set up your business matters a lot, if you set it up in a low-income environment, you know what to expect. But when you set it up in a high-class environment then expect huge demand and profit. Make sure the population of young men is high because they are the ones to patronise you most.
- Management
You should have good management system in other to sustain your male boutique business.
How much to start male boutique shop elsewhere? In an average environment
Well! you can grow your business in case you don’t have huge capital to start big you start with what you have. Someone started with #250,000 in a container on a very busy road. Today he has added another shop with goods amounting to 4 million Naira. there are people who started from okirika business and are not selling men’s exclusive wears.
Conclusion
There’s huge profit in boutique business in Nigeria because of the trend; almost every young man wants to be identified with trending wears.
Thanks for that business education. I’m reinspired.
I like that business update.
Thanks, I appreciate.
you are welcome @Anayo
Nicely written. Thanks