Antique Store Business Plan

Antique Store Business Plan-8
A few create instant inventory by buying the entire stock of another dealer who's going out of business. Consignment auctions are usually held regularly on the same day of the week or month in a large building owned by the auctioneer.

A few create instant inventory by buying the entire stock of another dealer who's going out of business. Consignment auctions are usually held regularly on the same day of the week or month in a large building owned by the auctioneer.Dozens of people may bring merchandise to be sold, and the quality ranges from good to abominable.

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Write the lot number of antiques on which you plan to bid on the back of your bidding card.

Beside the number, write the amount you're willing to bid for it, based on what you think you could sell the antique for.

Dealers always write the highest bid they're willing to go on every item on the back of the card.

This is good insurance against getting caught up in what's called "auction fever."You bid by holding up your card.

A Virginia dealer was out for a drive on a beautiful fall day, but not out scouting.

She stopped at a country store to buy a cold drink and noticed a flyer on the window announcing an auction.

Also, each piece you sell must be quickly replaced with another.

So, how can you develop a system that will provide you with a continuous, reliable source of antiques at substantial discounts? Some dealers, especially those who man-age their shops alone and don't have time for much scouting on their own, employ a small army of what are known in the business as "pickers." Many dealers take in antiques on consignment.

One method is to tape a piece of paper with your name on it to the seat.

The second reason for arriving early is to look over the merchandise.

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