Judaica shop in a jewish community area

Local Jewish families, synagogues, schools and visitors, as well as customers who also order online or in bulk for events.

Retail margin on stock, with strong seasonal peaks. Extra income can come from engraving, gift wrapping, bulk orders for schools and simcha gifts, and online sales.

• Knowledge of Jewish customs and festivals
• Retail stock buying and pricing
• Customer service and running a shop

• Commercial lease terms and retail tenancy rules, which differ by state, so get the lease checked before signing
• Council approval for shop use, signage and fit-out, so check with your local council
• Public liability, stock and theft insurance, plus workers compensation insurance if you hire staff
• Strong seasonal sales and quieter months, so plan your cash flow
• Check authenticity of ritual items with suppliers and a rabbi, and check Australian Consumer Law obligations

Startup costs are typically estimated at around $25,000 to $80,000, depending on premises, fit-out and opening stock. Monthly revenue is typically estimated at around $8,000 to $35,000, depending on location, with strong seasonal sales and quieter months.

Check commercial lease terms and retail tenancy rules, which differ by state, and get the lease checked before signing. Also check council approval for shop use, signage and fit-out, insurance, authenticity of ritual items with a rabbi, and Australian Consumer Law.

Useful skills include knowledge of Jewish customs and festivals, retail stock buying and pricing, and customer service. Estimates suggest at least around 35 hours a week, so plan your cash flow around seasonal peaks and quieter months.