My start up costs for the retail portion was 10,000 and Im still paying it off 11 months later although I no longer own the shop. Plan, plan, plan. Dont forgot all the smaller necessities. Signs, cash register, displays etc. The cost of signage alone were 1,500.00 295.00 sounds pretty darn reasonable. How many square footage? I had 500 feet for 500.00 a month and that did not include heat and electricity. Make sure the owners are willing to take care of the building should you have any issues with the place. We had a gas leak on our grand opening weekend and it took an entire week for the owner to make the repairs in the middle of winter!