Start a local pet supplies shop

Local dog, cat, bird and small animal owners who want convenience, advice and a personal service they don't get in a big chain.

Retail margin on products sold. Regular repeat sales of food and consumables bring steady income, with toys and accessories lifting the average sale.

• Knowledge of pet care and nutrition
• Customer service
• Stock ordering and cash handling
• Local marketing

• Shop lease terms, rent and fit-out costs, which are often the biggest expense
• Public liability insurance and insurance for stock and premises
• Council or state rules on selling live animals (if you ever consider it), which are strict and differ by state, so check before planning anything beyond products
• Register for an ABN and check when you need to register for GST
• Workers compensation insurance if you hire staff, and competition from large chains and online sellers

Estimates suggest startup costs are typically around $40,000 to $150,000, depending on your shop lease, fit-out and opening stock. Lease terms, rent and fit-out are often the biggest expense, so check these carefully before signing.

Estimates suggest monthly revenue is typically around $15,000 to $60,000, depending on location, range, niche and how well you compete with large chains and online sellers. Plan for at least about 40 hours a week of work.

Check your shop lease terms, public liability and stock insurance, and ABN and GST registration. If you ever consider live animals, check council and state rules, which are strict and differ by state. Workers compensation insurance applies if you hire staff.