Trade supplier of furniture fittings and accessories

Interior designers, upholsterers, furniture makers, small fit-out businesses and homeowners.

Retail sales to the public plus trade accounts at a discounted price, with repeat orders from tradies and designers making up steady income.

• Stock buying and inventory control
• Building trade relationships
• Knowing furniture fittings and what suits what

• Lease commitments and rent are a major fixed cost, so check terms carefully
• Check local council zoning and signage approvals for your premises
• Stock can tie up cash, so start with fast-moving lines
• Public liability and contents insurance are worth checking
• Check import and product standards if you buy from overseas, and GST registration once you reach the threshold
• Workers compensation insurance is needed once you hire staff, check your state scheme

Startup costs are typically estimated at around $15,000 to $60,000, depending on your premises, lease terms and how much stock you hold. Stock can tie up cash, so starting with fast-moving lines may help.

Monthly revenue is typically estimated at around $4,000 to $20,000, depending on your range, location and how many trade accounts you build. Treat this as revenue before rent, stock and wages.

Check lease terms, council zoning and signage approvals for your premises. Look at public liability and contents insurance, import and product standards if buying from overseas, GST registration at the threshold, and workers compensation once you hire staff.