Jewellery tools supplier with a trade counter

Working jewellers, jewellery schools and short-course providers, repair shops and serious hobbyists who want to handle equipment before buying.

Mark-up on tools and machines, plus ongoing sales of consumables. Some suppliers also earn from bench setups for new studios, equipment servicing and bulk orders for classes.

• Strong product knowledge of jeweller's tools and machines
• Buying and stock management
• Advising customers and building trade relationships

• Commercial lease terms and rent, which can be your biggest ongoing cost
• Council zoning and signage approval for your premises, so check with your local council
• Public liability and product liability insurance, plus cover for stock
• Large stock purchases tie up cash, so start with fast-moving items
• Check import duties and GST if you buy equipment from overseas manufacturers
• Register for an ABN and check GST registration requirements

Startup costs are typically estimated at around $20,000 to $80,000, depending on the premises, how much stock you buy and the range of machines you carry. Large stock purchases tie up cash, so start with fast-moving items.

Monthly revenue is typically estimated at around $5,000 to $25,000, depending on your location, range and trade customers. Commercial rent can be your biggest ongoing cost, so check it against your expected sales.

Check commercial lease terms and rent, council zoning and signage approval, public and product liability insurance with stock cover, import duties and GST on overseas equipment, and ABN and GST registration requirements.