How do I set up a stall in a UK shopping centre & what license do I need? Where do I start?
I've been inspired to set up my own business since I was young, 5 years ago when I was 18 I had a successful business importing designer clothes from the east & selling them on ebay, however I let a friend get involved & they screwed me over & I had to cease trading (lesson learnt) I have been pondering over various ideas since & I was inspired again by watching the 'Smell what sells' task on the last adults Apprentice in 2012. For those of you who didn't watch it, Alan Sugar gives each group £150 to buy whatever they like from the wholesalers & try flog it during the day on a stall for profit inside a shopping centre, the idea is to give up on items not selling, admit defeat & purchase some more of what is selling to gain more profit & make up for the loss on the not so popular items. I currently work full time in an Operations Management role & study a Law degree part time as I'd eventually like to be a family law solicitor, I'd like to make a comfortable amount during the next 3.5 years of my degree so I can leave my job, initially I'll sell on weekends locally only till I'm earning enough to leave work, then during week I can travel UK to various shopping centres. I have the balls to give this a go, I could sell ice to the eskimos, I just don't know where to start? 1) I'll need self employed status, how do I set this up over & above working full time, will I pay more tax? Is it free? Do I need a business bank account? 2) What kind of trading licences do I need? Are they all of UK or just regional? 3) Do I approach shopping centres directly? Or do you bid for space? Any other tips would be much appreciated as I'm a novice.... Thanks, Sarah
Asked By: Janey - 1/13/2013
Best Answer - Chosen by Asker
This was done just for the programme. I have been to loads of these shopping centres and there are only a few of these stalls and they are all the same. They seem to be the same company that sells crafts and jewellery. You would have to write to the centres Managers for information... More
Answered By: Kernow Lady - 1/13/2013
Additional Answers (4)
You need to contact your local shopping centre..can be done online...look in the "Commercial opportunities section" and then look for the R.M.U. section (Retail merchandising units a.k.a. stalls) and follow the advice there.so that answers question 3...however don't expect to make a lot of money out of this...retail... More
Answered By: Lily B Talus - 1/13/2013
It will cost a fortune to rent stall space in a shopping centre. People are buying less not more at the moment. Well established shops are closing so I really don't think you will have the success you seek. It is a shame because you are obviously enthusiastic. Maybe you should set your sights a bit lower initially and... More
Answered By: Margaret S - 1/13/2013
Register at HMRC for Self Employed status. It used to be beneficial to set up as a limited company however those loopholes are pretty much closed now. Set up as a sole trader, depending on the level of turnover you feel you can hit... More
Answered By: Johnny - 1/13/2013
Hi janey we are provide stall stand design , booth constrctuction, stall setup all you want,
Answered By: xs - 1/4/2014
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Legitimate Survey for Cash.Extra Money for You,Join Here!
(94) Local Jobs Pay $16-$92 Per Hour- Available Today. Apply Now!
$21/hr Start, Avg Pay $72K/yr No Experience Needed! Get Started.
Other Career Questions
Do most mechanical engineering jobs offer job security?
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.