Being in the furniture business is just about the safest business venture you can partake in.

As a company that offers wholesale furniture to all vendors and retail stores in the U.S. as well as Canada, we at ESF Wholesale Furniture have a lot of experience on what makes and breaks a furniture business.

Here are some significant factors that can affect the success of your store.

What Do You Need to Start a Furniture Business

1. A Niche

Decide specifically the type of furniture you want to sell. Identify your target market and research whether the style you're looking for will garner attention from the masses. For instance, if you decide on Italian contemporary furniture, check whether the area in which you are situated needs a source for such a style.

2. Proper Sized Store

Find a store that properly accommodates your business, keeping in mind that the more spacious store you seek, the more rent you will have to provide. However, don't simply buy a small store just so you can stuff it with your products. A comfortable looking establishment allows customers to feel welcome and not overwhelmed.

3. Building and Location

The appeal of your building and location can help bring in customers. For instance, if you are renting a new business, you will need to make sure that the exterior looks fresh and clean.

As for location, try to locate an area where you will most likely be seen. Highly traffic areas can easily determine the popularity of your store. However, if you choose to rent or buy a store which is hidden from mass view, you will need to get some funds for marketing and advertising.

4. Determine Labor

You will obviously need a workforce to keep up with the constant demands in business such as selling, organizing and maintaining the shipping process. Determining the number of employees for your store will give you the chance to divide the profit so that you can invest a substantial sum on quality furniture.

5. Source

Cheap quality equals to a bad reputation. If you buy furniture from a source that offers cheap furniture, you may end up regretting your decision. Companies such as ESF Wholesale Furniture that enjoy exclusive rights of distribution from some of the best European furniture manufacturers are the only sources that can provide you with enough quality furniture to help you maintain your reputation as a trusted furniture store.

Maintaining a furniture retail business is hard work. But with these tips and a little help from ESF Wholesale Furniture, we hope that we are able to help you in starting a business that will remain a success for the years to come.