Start an archery shop with in-store tuning

Club and hobby archers, beginners taking up the sport, parents buying for juniors, and bowhunters where hunting is legal.

Margin on equipment sales, plus paid services like bow setup, string and cable fitting, tuning and arrow cutting. Repeat sales of arrows, strings and spare parts keep customers coming back.

• Good knowledge of archery gear
• Bow tuning and repair
• Friendly advice for beginners
• Stock buying and ordering

• Rules on selling and storing bows and crossbows differ by state and territory, so check with your state's weapons or firearms authority
• Age restrictions or sales conditions that may apply to some products
• Public liability and product liability insurance, plus stock cover
• Lease commitments and tied-up cash in stock, so start with a tight range
• Registering an ABN and checking when GST registration applies

Startup costs are typically estimated at around $25,000 to $100,000, depending on your lease, shop fit-out and how much stock you buy. Starting with a tight range can help limit the cash tied up in stock.

Rules on selling and storing bows and crossbows differ by state and territory, so check with your state's weapons or firearms authority. Also check any age restrictions or sales conditions on some products, plus insurance, ABN and GST registration.

Monthly revenue is typically estimated at around $6,000 to $30,000, depending on your location, range and how much tuning and advice work you do. The estimate suggests about 35 hours a week at minimum, so plan your time.