A simple build-out for a smaller store -minor construction, a coat of paint, shelves, and racks -can cost under $10,000. As the name suggests, the above survey takes into account bigger stores that are more commonly found in malls than a Main Street space in an older building. In another example, an entrepreneur in Austin, Texas, only spent $7,650 on a build-out for Little Green Beans, a children’s consignment store for clothing and toys, according to Inc. (The business owner’s breakdown of costs were: $4,000 construction to customize the space, $3,500 for shelves, racks, etc., and a mere $150 for a handyman).ĭon’t be too overwhelmed by this figure. If you use that formula, then it will cost $280,000 for a 5,000-square-foot store build-out. Chain Store Age’s annual survey of retail build-outs put the average cost at $56.53 per square foot. Retail renovation costs -for, say, a clothing or beauty boutique, yoga studio or art gallery can slide from pricey to economical…depending on what you want. It’s a chance to create a walk-in version of a business you’ve been growing, or a tangible realization of a long-awaited vision to be your own boss.
Opening a physical brick-and-mortar store is a bold and energizing step. Updating a new or existing business location? Retail renovation costs can stay budget-friendly, or go luxeĭesigner Rebecca Taylor store project by Sweeten contractor David
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