Crockery and tableware shop

Households, gift buyers, newlyweds and small restaurants or cafes buying in volume.

Retail margin on each sale, plus larger trade orders from hospitality customers and gift registry style purchases.

• Buying and stock control
• Retail selling and display
• Building relationships with suppliers and trade customers

• Commercial lease terms: get advice before signing
• Public liability and stock insurance, plus workers compensation once you hire
• Slow stock turnover can tie up cash, so start with a lean range
• You need an ABN, and GST registration once turnover reaches the threshold

Startup costs are typically estimated at around $20,000 to $90,000, depending on your premises, fit-out and how much opening stock you buy. Starting with a lean range can help keep cash from being tied up in slow-moving stock.

Monthly revenue is typically estimated at around $6,000 to $30,000, depending on location, range, and how much you sell to households, gift buyers and trade customers such as cafes. This is revenue, not profit, and you will need around 35 hours a week.

Get advice on commercial lease terms before signing. Check public liability and stock insurance, plus workers compensation once you hire. You need an ABN, and GST registration once turnover reaches the threshold. Slow stock turnover can tie up cash.