Cake decorating supplies shop

Local home bakers, parents planning birthday cakes, cake makers running small businesses and people who take up baking as a hobby.

Retail margin on products sold in store, plus income from packaged kits and, if you choose, short decorating classes held in the shop.

• Product knowledge and friendly advice
• Buying and managing stock
• Running a till and basic bookkeeping

• Check the lease terms, fit-out costs and any council approval needed for retail use of the premises
• Public liability, contents and business insurance should be checked before opening
• Edible products have shelf lives, so ordering too much stock can cause waste, check labelling rules with your state or territory food authority
• Register for an ABN and check GST requirements, and check employment and workers compensation rules before hiring staff
• Demand can peak around Christmas, Easter and wedding seasons, so plan your cash flow

Startup costs are estimated at typically around $25,000 to $90,000, depending on the lease, fit-out and opening stock. Monthly revenue is estimated at around $8,000 to $35,000, depending on location and season.

Check the lease terms, fit-out costs and any council approval needed for retail use of the premises. Also check insurance such as public liability and contents cover, and plan your cash flow around Christmas, Easter and wedding seasons.

Edible products have shelf lives, so ordering too much stock can cause waste. Check labelling rules with your state or territory food authority. Also register for an ABN, check GST requirements, and check employment and workers compensation rules before hiring staff.