Last updated on March 2nd, 2024 at 05:40 pm
Starting a movie shop business in Kenya can be a profitable venture, especially with the growing demand for entertainment services. However, to succeed in this business, you need to have a solid plan and the necessary resources. In this guide, we will provide you with a step-by-step approach to starting a movie shop business in Kenya, including the starting cost breakdown, location, requirements, market size, earnings per day, and pros and cons.
Starting Cost Breakdown
Before starting any business, it is essential to know the initial investment required. Here is a breakdown of the starting cost for a movie shop business in Kenya:
| Starting Costs | Cost (KSH) |
|---|---|
| Shop rent and deposit | 50,000 – 100,000 |
| Stock of movies and series | 100,000 – 200,000 |
| Shop fittings and furniture | 30,000 – 50,000 |
| License and permits | 5,000 – 10,000 |
| Computer and internet | 50,000 – 70,000 |
| Total | 235,000 – 430,000 |
Location
The location of your movie shop can determine the success of your enterprise. Look for a location with high foot traffic and easy access. The ideal location would be in a busy shopping center or a residential area with a high population density.
Requirements
To start a movie shop enterprise in Kenya, you need the following requirements:
- Business Registration: Register your business with the Kenyan Government and obtain a business permit.
- License: Apply for a license to operate a movie shop enterprise from the Kenya Film Classification Board (KFCB).
- Stock: Purchase a stock of the latest and popular movies and TV series.
- Equipment: You will need a computer, internet connection, and a display unit to showcase the movies.
Market Size
The movie and entertainment industry in Kenya is growing, and the demand for movies and TV series is increasing. The market size for a movie shop business in Kenya is substantial, with a potential customer base of millions.
Also Checkout: List of Nairobi Cinemas
Earnings per day
The earnings of a movie burning business can vary depending on various factors, such as location, demand, and competition. However, on average, a well-established movie enterprise can earn between KSH 5,000 to KSH 10,000 per day.
Pros and Cons
Pros:
- High-profit potential
- Growing market
- High demand for entertainment services
- Flexibility in pricing and inventory
- Low competition in some areas
Cons:
- High initial investment
- Dependence on new releases
- Piracy and copyright infringement
- High competition in some areas
- Technological advancements may reduce demand for physical copies of movies.
Conclusion
Starting a movie shop business in Kenya can be a profitable venture, but it requires proper planning and execution. With the right location, inventory, and marketing strategies, you can establish a successful movie shop business in Kenya.
Also Checkout: Cost of starting a Video Show Business in Kenya