Industry Analysis & Industry Trends
The Used Goods Stores industry in Canada runs countercyclical to the overall economy. Due to the nature of the industry's products, when per capita disposable income is low, demand is high for used, and therefore cheaper, products. In the five years to 2020, as the economy recovers, industry growth will slow significantly... purchase to read more
Industry Report - Starting a New Business Chapter
The Used Goods Stores industry has low barriers to entry given its relatively low start-up costs, particularly with respect to initial investment requirements. Many businesses in this industry are franchised; fees for franchising an initial store opening can be as low as $25,000. However, the entire cost of opening a store varies depending on establishment size and location and can reach upwards of $350,000.
This industry is highly fragmented. The majority of businesses are family owned and cater to local markets. According to IBISWorld estimates and Statistics Canada data, an estimated 46.8% of establishments in this industry employ less than five people. Operating costs in this industry are also low... purchase to read more