Local dancewear and dance shoe shop

Local parents, adult dancers, dance schools and studios needing uniforms and class wear.

Retail margin on shoes, clothing and accessories, with seasonal peaks around the start of the year and concert or eisteddfod time. School uniform deals give steadier sales.

• Fitting dance shoes and advising on sizes
• Buying and managing stock
• Retail and customer service
• Managing a lease and budget

• Register for an ABN and check GST registration requirements
• Lease terms, rent increases and fit-out costs, so get advice before signing
• Public liability insurance, plus cover for stock and contents
• Check council requirements for signage and use of the premises
• Employing staff means workers compensation insurance and award wages, so check your obligations with Fair Work and your state scheme
• Seasonal sales can be uneven, so keep cash aside for quiet months

Startup costs are typically around $25,000 to $100,000, depending on the size of the premises, the fit-out and how much stock you buy. These are estimates, so get quotes for your lease, shopfit and opening range before committing.

Monthly revenue is typically around $6,000 to $30,000, depending on your location, range and how well you serve local dancers, studios and online customers. That is revenue, not profit. Seasonal sales can be uneven, so keep cash aside for quiet months.

Check ABN and GST registration requirements, lease terms, rent increases and fit-out costs (get advice before signing), public liability and stock insurance, and council requirements for signage and premises use. If you employ staff, check workers compensation and award wages with Fair Work.