Local marine accessories shop

Local boat owners, marina berth holders, fishers, small commercial operators and marinas that need quick supplies and spares.

Retail margin on products sold across the counter, plus trade pricing for marinas, clubs and local operators who buy regularly.

• Good knowledge of boats and marine gear
• Stock buying and pricing
• Customer service and advice
• Basic bookkeeping

• Check lease terms and council zoning or permits for retail use at your location
• Safety equipment such as flares and EPIRBs is regulated, so check the rules with the Australian Maritime Safety Authority (AMSA), the Australian Communications and Media Authority (ACMA) and your state marine authority before selling or storing it (for example, EPIRBs must be registered with AMSA by the owner, and flares have expiry dates and storage requirements)
• Stock tied up in slow-moving lines can drain cash, so start with a lean range
• Boating is seasonal in many areas, so plan cash flow for quiet months
• You will need public liability and contents insurance, and workers compensation once you hire staff

Estimates suggest startup costs typically around $20,000 to $80,000, depending on your lease, fit-out and how much opening stock you buy. Starting with a lean range can help avoid cash being tied up in slow-moving lines.

Monthly revenue is typically estimated around $6,000 to $30,000, depending on your location, range and how busy the boating season is. That is revenue, not profit. The estimate assumes at least about 35 hours a week.

Check your lease terms and council zoning or permits for retail use. Safety equipment such as flares and EPIRBs is regulated, so check with AMSA, ACMA and your state marine authority. Also check public liability and contents insurance, and workers compensation once you hire.