Open a local hockey equipment shop

Players of all ages, parents, schools and clubs ordering gear or uniforms.

Retail margin on stock, plus team orders, stick customisation and repairs, and seasonal sales around the start of each season.

• Strong knowledge of hockey and its equipment
• Retail and stock management
• Building relationships with clubs and schools

• Commercial lease terms, rent and fit-out costs, ask a solicitor to review
• Public liability, contents and business insurance, and workers compensation once you hire
• Check council requirements for signage and shop use
• Check GST registration once turnover reaches the threshold
• Heavy seasonal swings and money tied up in stock
• Competition from large sports retailers and overseas online shops, so focus on fitting and service

Startup costs are typically estimated at around $40,000 to $150,000, depending on the premises, fit-out and how much opening stock you buy. Rent and lease terms can change the total significantly.

Monthly revenue is typically estimated at around $8,000 to $35,000, depending on location, range and orders from clubs and schools, often from around 35 hours a week. Revenue can swing with the season.

Ask a solicitor to review commercial lease terms, rent and fit-out costs. Check council requirements for signage and shop use, your insurance (public liability, contents, and workers compensation once you hire), and GST registration once turnover reaches the threshold.