Leather jacket and coat shop

Individual shoppers looking for a long-lasting jacket or coat, including gift buyers, bikers and people in cooler southern cities.

You buy stock wholesale and sell at a retail markup. Alterations, repairs and care products add smaller extra income.

• Knowing leather types and quality
• Buying stock and managing cash flow
• Friendly, honest customer service

• Check you have an ABN and whether you need to register for GST
• Public liability and stock or contents insurance
• Shop leases can run for years, so check break clauses and fit-out rules with your landlord
• Leather is seasonal and sizes are hard to clear, so avoid overbuying stock
• Check Australian Consumer Law rules on refunds and product claims, especially when describing leather as genuine

Estimates typically put startup costs at around $25,000 to $90,000, depending on your lease, fit-out and how much stock you buy. Leather is seasonal and sizes are hard to clear, so avoid overbuying stock.

Monthly revenue is typically estimated at around $6,000 to $30,000, depending on location, stock range and the season. That figure is revenue rather than profit, so stock, rent and other costs come out of it.

Check that you have an ABN and whether you need to register for GST. Also check public liability and stock insurance, lease break clauses and fit-out rules, and Australian Consumer Law on refunds and describing leather as genuine.