Paint Shop Business – Every person is very fond of decorating his house. They paint their house in different colours. When people have a big function here or during festivals, people get their house painted. There are 2 reasons behind this because the colours of the house make us proud in our society and our relatives and secondly it also makes us feel good.
At the same time, many types of paints have come on the market, these include textures which are in trend nowadays, while plastic paint is also being liked by people because it lasts for a long time and when dirty also clears. And also, Everyone needs this paintwork at some point or the other. Further, When there is a big function or festival in our house, people paint their house.
This business makes a lot of profit during any festival. At the time the owner of the paint shop makes a good profit in the business. So, if you want to start this business as well, Here Today in this article, we will give you information about how to start a paint shop business and how you can earn from it, which can be beneficial to you.
Create a Business Plan for Paint Shop
To start this business, first of all, you have to make sure that what you will need for this business. To open a paint shop, you have to plan how you will arrange capital and space, from where you will buy materials and machinery, what things will be needed and so on. You will need to contact multiple distributors to purchase the content so that you can compare and choose the one that suits you best.
By planning all these things well, you can open a paint shop. And you will also need enough space or godown to keep the goods, then you will have to ensure all this in advance, only after that you can start this business.
Investment for Paint Shop Business
The Investment in the paint shop business depends on what type of operation you are starting. And, if you already have a shop then it is a good thing and if not then you have to rent the shop for it. Apart from this, you will have to take the goods on credit, which you can take from the distributor of the local city, for this cost you around 5 to 7 lakhs.
Apart from this, the cost of the machine is also around 3 to 5 lakhs. And if you keep two helpers and give 5 to 10 thousand rupees to one of them, you will have to pay 15 to 20 thousand rupees per month for two helpers. After the helper, you will require a computer, which costs around Rs 25,000 on the market.
Aside from that, 20,000, which includes the cost of the furniture, means that the total cost will be between 8 and 15 lakhs. However, you can get a lot of it on credit from a bank and start your own business.
Location for Paint Shop
You should keep in mind that when choosing a location, there should not be any paint shops nearby because where there is a paint shop, there will already be a paint shop. It can be difficult to earn money. And you have to take special care of one thing that this shop should be such a place which is more busy and there is a whole market all around, And You have to open a paint shop in the area.
This will bring more and more customers to you and give you more profit. Apart from this, it also needs to be kept in mind that the area of your shop should be such that you can install paint color making machines and so on.
Licenses and Permits for Paint Shop Business
A government permit and license is required to do any business, without this you cannot do business anywhere, for your paint business, you will need some of the following types of licenses.
To open a paint shop, you will have to get the necessary permits and licenses from your local municipality. Apart from this, you are also required to have a trade license and GST registration for your paint business. GST registration is required for all businesses. If you are wondering how you will do this, then you can take the help of a Chartered Accountant for this.
Required Materials for Paint Shop Business
if you start the business of paint then some sufficient stuff is required for this. The most important thing to starting a paint business is the colour box. For this you can also take all types of company cans. After this, brush, roller, touchwood, POP putty and more will also be required to paint the walls.
Many other small items are required in the paint shop business, such as sandpaper, a five-in-one scrapper, a painting roller with a roller head and a roller tray, a Coke Gun, a wire brush, and so on.
Machinery for Paint Shop Business
The paints you use on the walls come in a variety of colours. In such a case, the colour shade that people want to have done in their home must be created using machinery. Two types of machines are required for this. One is used to create colour, while the other is used to mix colour. Aside from that, you’ll need a computer to mix the colours by looking at them.
So, you need to buy the different types of machines. And, You can buy it by contacting some distributor. You can also get this information from some of your competitors. Apart from this, if you want, you can also buy machines and materials through online websites. Indiamart online website can help you in this. In this, you can buy whatever machine you want.
Employee Requirement for Paint Business
You cannot do all the work alone in the paint shop, making colours, providing them to customers, billing them, and doing money transactions with them. That’s why you have to keep some employees in your shop, who will do the work of delivering goods to the customers. For this, you have to fix some salary and provide it to them. And, You can hire staff as per your requirement.
Marketing for Paint Shop Business
Now you have done all the work of your paint shop, now all you have to do is to reach your product to the people, so that more and more customers can come to you. And, Find new customers by contacting builders, Because many customers keep coming to those people. For this, you can also get your business pamphlets distributed.
Along with this, you can also contact the property dealer and you can also contact the real estate agent. Because along with selling the house, he also builds the house and there he needs paints. And, You can also get your shop’s holdings and banners install in there.
if you want you can also make a website of your shop and promote your product on your social media handle also. In this way, if you do marketing, then your business will be more likely to make profits.
Profit in Paint Shop Business
When you start the business of a paint shop, you get a margin ranging from 5 % to 20 % in the goods, which is in the price in the distributor and retail. So by doing this you can generally earn 50 thousand to 1 lakh rupees per month. And in the festive season, this earning can even double.
However, it all depends on your marketing abilities. If you sell less goods you will make less profit but on the other hand, if you are able to sell more then you are likely to make more profit. And, This is a business in which you do not require a huge investment, then it can prove to be very profitable for you.