Local art supply shop

Local artists, school and TAFE or uni students, hobbyists, art teachers and community groups.

Retail margin on each item sold, plus extras such as workshop fees, class kits and bulk orders for schools and art groups.

• Good knowledge of art materials
• Customer service and sales
• Stock control and ordering

• Lease terms, rent increases and the length of commitment before signing
• Check with your local council about planning approval for the premises and signage
• Public liability and contents or stock insurance
• Rules on storing or selling solvents and aerosol paints, which can vary by state, so check with your state's regulator
• Competition from big chains and online sellers, so a clear local niche matters
• Register for GST once turnover reaches the threshold, and get an ABN

Estimates suggest startup costs typically sit around $20,000 to $80,000, depending on the premises, your fit-out and how much stock you buy. Treat it as a guide and check lease terms carefully before committing.

Estimated monthly revenue is typically around $8,000 to $35,000, depending on your location, stock range and customer base. Time starts from about 35 hours a week. Revenue is before rent, stock and other costs.

Check lease terms, rent increases and commitment length, and ask your local council about planning approval for the premises and signage. Also check insurance, rules on storing or selling solvents and aerosol paints with your state's regulator, and ABN and GST registration.