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Retail Park - Metrics & Averages?
ClarkeKent
Posts: 336 Forumite
I was discussing with a friend whose boss is mulling a move to a small/medium retail park in a 20k sq/ft building for his clothing business.
I have a bit of history in retail, but not on a large scale out of town parks. We were discussing potential costs and expectations, here are some metrics we came back with from previous KPIs in our history and a bit of Googling:
Estimated turnover per square foot: £200
Estimated turnover: £4m (20k x £200)
Staff members required : 35 (Turnover * 15% staff costs) £600k in total
Business rates: £120k per year (40% of rent/rateable value)
Rent estimate: £300k per year
Cost price of stock to fill store: £2m (based on 2x stock turnover per year also 30p in the turnover £ is average stock holding on accounts ive seen)
Any thoughts on these and experiences with out of town retail parks both working and operating?
I have a bit of history in retail, but not on a large scale out of town parks. We were discussing potential costs and expectations, here are some metrics we came back with from previous KPIs in our history and a bit of Googling:
Estimated turnover per square foot: £200
Estimated turnover: £4m (20k x £200)
Staff members required : 35 (Turnover * 15% staff costs) £600k in total
Business rates: £120k per year (40% of rent/rateable value)
Rent estimate: £300k per year
Cost price of stock to fill store: £2m (based on 2x stock turnover per year also 30p in the turnover £ is average stock holding on accounts ive seen)
Any thoughts on these and experiences with out of town retail parks both working and operating?
0
Comments
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Matalan seem to make it pay, but they do other lines besides clothes.If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales0
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For any retailer owners, do these KPIs look in the ballpark?0
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