Feng shui and wellness gift shop

Local home and wellness shoppers, gift buyers, people redecorating or moving house, and tourists in busy areas.

Retail margin on stock, with extra income from workshops, gift sets and online orders. Rent and stock levels are the main costs to manage.

• Retail and stock management
• Buying from suppliers
• Customer service
• Visual merchandising

• Commercial lease terms, rent reviews and bond, so get advice before signing
• Public liability and contents insurance, and workers compensation once you hire staff
• Council approval for shop fit-out or signage may be needed, so check with your local council
• Incense, candles and stock must be stored and displayed safely
• Slow seasons and unsold stock can tie up cash, so start with a modest range

Estimates suggest startup typically costs around $15,000 to $60,000, depending on the premises, fit-out, lease bond and how wide a range of stock you buy to begin with.

Estimated monthly revenue is typically around $4,000 to $20,000, depending on your location, range and any workshops or advice services. Slow seasons and unsold stock can tie up cash.

Check commercial lease terms, rent reviews and bond before signing, and whether your local council needs to approve fit-out or signage. Also check public liability and contents insurance, workers compensation once you hire, and safe storage of incense and candles.