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Your First Retail Shop in London: A Checklist for New Retailers

Avoid the common mistakes when opening your first London shop.

Your First Retail Shop in London: A Checklist for New Retailers Commercial Property & Office Space

Updated October 2026 · Fraser Bond

Retail · First shop

Opening your first London shop

Budgettrue costs
Leaseterms
Fit-out& signage
Licences& insurance
In short: Opening your first shop is exciting, but the hidden costs catch many new retailers out. Budget for rent, business rates, service charge, deposit, fit-out, stock, staff and insurance. Agree a break clause and rent-free for fit-out, check the use class and signage rules, and make sure your sales forecasts cover the costs. Fraser Bond helps new retailers find shops and negotiate terms. For areas and costs, see our London retail guides.

First shop checklist

Frequently asked questions

How much does it cost to open a shop in London?

It varies; budget for rent, rates, fit-out, stock and staff.

Can I get rent-free?

Often, especially to cover fit-out.

Can Fraser Bond help?

Yes.

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