Open a local craft and art supplies shop

Local hobbyists, students, schools, parents and gift buyers who like to see and try materials in person.

Mark-up on retail stock, plus paid workshops, kit sales and online orders. Regular customers and classes help steady income.

• Retail and customer service
• Stock buying and cash flow management
• Knowledge of crafts to advise customers

• Lease terms, rent and fit-out costs are the biggest risk, so get advice before signing
• Public liability, contents and business insurance, plus workers compensation once you hire
• Check council requirements for shop signage and use of premises
• Register an ABN and GST, and check your obligations for staff wages and super
• Slow months and unsold stock can strain cash flow

Startup costs are typically estimated at around $25,000 to $100,000, depending on your lease, fit-out and opening stock. Lease terms, rent and fit-out are the biggest risk, so get advice before signing anything.

Check your lease terms with advice before signing, public liability, contents and business insurance, workers compensation once you hire, council requirements for signage and use of premises, and ABN, GST, staff wages and super obligations.

Monthly revenue is typically estimated at around $6,000 to $30,000, depending on location, stock and any classes. Plan on at least about 35 hours a week. Slow months and unsold stock can strain cash flow.