Phone accessory shop

Local phone owners, commuters, students and tourists who want to buy and get things fitted in person.

Mark-up on a wide range of accessories, plus fitting fees and add-on sales at the counter.

• Retail and customer service
• Stock buying and pricing
• Basic bookkeeping
• Knowing current phone models

• Commercial leases can carry long commitments, get advice before signing
• Public liability and contents insurance, check what you need
• Check with your local council about shopfront signage and use approvals
• Chargers and power banks must meet Australian electrical safety rules
• Rent and stock tie up cash, so margins can be thin in a quiet month
• Register for GST once turnover reaches the threshold

Startup costs are typically around $15,000 to $60,000, depending on your lease, fit-out and how much stock you buy. Rent and stock tie up cash, so treat this as an estimate and plan your cash flow.

Monthly revenue is typically around $6,000 to $30,000, depending on location, foot traffic and your stock range. These are estimates only, margins can be thin in a quiet month, and the work typically needs around 35 hours a week.

Get advice before signing a commercial lease, as commitments can be long. Also check shopfront signage and use approvals with your council, electrical safety rules for chargers and power banks, your insurance, and GST registration.