retail | Tomarchio Enterprises

Getting Your Retail Store Off to a Great Start

Starting a retail store is an exciting venture filled with endless possibilities. At Tomarchio Enterprises, we understand the thrill and challenges of launching a new retail business. With careful planning and strategic execution, you can set your store on the path to success right from the beginning. Define Your Unique Selling Proposition Before diving into the nitty-gritty of setting up your retail store, it's crucial to define your Unique Selling Proposition (USP). What sets your store apart from the competition? Whether it's exceptional customer service, a curated selection of products, or a memorable shopping experience, [...]

Location, Location, Location

Location is one of the most important factors to consider when opening a retail store. A store's location can make or break its success, as it directly affects its foot traffic, accessibility, and visibility to potential customers. Therefore, choosing the right location for your retail store is crucial for its long-term profitability and sustainability. When it comes to setting up a retail business, it's important to consider the location carefully. Here are some factors to keep in mind. Demographics The first thing to consider when choosing a retail location is the demographics of the area. [...]

Retail Lease Basics for Startups

Starting a retail business can be one of the most exciting times in an entrepreneur's life. However, finding the perfect location, negotiating the lease terms, and ensuring that the lease protects your business interests can be overwhelming. At Tomarchio Enterprises, we've been helping startups get into their retail spaces for years, and we wanted to talk about some of the basics of retail leases. What Exactly is a Retail Lease? Retail leases are legally binding contracts entered into between a tenant and a landlord. They include terms and conditions like the rent, length of the [...]

How Choosing the Right Shopping Center Can Make or Break a Retailer’s Success

We’ve all heard the mantra about buying a home, "location, location, location", but did you know that those rules apply to commercial real estate? Choosing the right shopping center has the power to make or break your business. Even in an era where people can buy and sell products and services online, a brick-and-mortar location still plays a significant role. Here’s why choosing the right shopping center is important. Attracting the Right Customers The shopping center you choose will determine what kind of customers your business is exposed to. For example, if you [...]

How Much Space Do I Need for My Store?

Opening up a new business, or a new location for your business can be an exciting time, but it can also be an extremely challenging time. You’ve got a lot on your plate, and a lot to worry about. One of your primary concerns is probably just exactly where this next location will be. You may have an area in mind, but you still need to find a space that will perfectly accommodate you and your business. At Tomarchio Enterprises, we have many commercial locations available for lease, and have been working to place entrepreneurs [...]

Retail Space Basics for New Retail Operators

Starting a new retail business can be a stressful time. You have a lot of things you have to do. You need to secure your inventory, potentially hire employees, work on branding, work on advertising, and of course, you’ll have to find a retail location. A task that inandofitself can take up a great deal of time. There are a lot of different things you’ll have to consider when looking for the perfect retail location for your new Maryland business. At Tomarchio Enterprises, we’ve helped a lot of businesses in Maryland, small, medium, and large. [...]

Success Factors for Local Retail Stores

Trying to successfully run a small business can be a nearly impossible task, especially if you don’t have the right location. At Tomarchio Enterprises, we work with a lot of small business owners from a variety of industries and wanted to take some time today to talk about a few different factors that can influence the success of local retail stores. Cater To Local Consumers When setting up a shop, you need to consider the community you’re doing it in and should cater to what goods and services you provide to that community. The worst [...]