A shop is an establishment with the sole commercial purpose of buying and selling goods or rendering services to customers. Shops are places where merchandise are displayed for customers to have a view of goods available for purchase. Items being sold in a shop include; clothes, perfumes, electronic gadgets, chemical, gift items and other varieties of goods and commodities. Nearness to a populated area is a considerable factor in carving out a sales niche for a business lift. How goods are being displayed also tell a lot about the shop. A collection of shops usually forms a market.
In recent times due to the wide spread of internet usage, people depend on online shops to purchase their daily needs. Online shopping is an easy way of buying merchandise as you will have what you ordered for being delivered to you at your doorstep saving you the stress of leaving the comfort of your home.
Haggling of prices are the major features in a shop but there are some shops where prices cannot be haggled, they are called ‘supermarket’ where sophisticated products are being sold.
Shops for rent in Lagos are available in prime locations like Festac, Ajah, Tejuoso in Yaba, Abule Oja and Akoka which is close to the prestigious University of Lagos, Jibowu, Okota, Onike and Ikeja.
There are shops for rent in Lagos Mainland which gives an assurance of high returns with a price range of about N60,000 to N1,500,000 per year while shops for rent on Lagos Island could cost about N300,000 to N2,000,000 per year. However, some shops in Lagos collects a daily commission for rental. An example is the Tejuoso Market in Yaba, Lagos.