Second-hand bicycle shop with repairs

Local commuters, students, families, and riders wanting affordable bikes or quick repairs.

Profit on bike sales, plus labour and parts on repairs and servicing. Trade-ins and consignment sales can add stock without big upfront buying.

• Bike repair and servicing
• Pricing used stock
• Customer service
• Basic bookkeeping

• Lease terms, bond and fit-out costs, so check them carefully before signing
• Public liability and product liability insurance, plus stock and contents cover
• Stolen goods: keep a record of who you buy from and check your state's second-hand dealer rules, as some states require registration or licences
• Check council zoning and signage rules for your premises
• Workers compensation insurance once you hire staff
• Register for GST when turnover reaches the threshold

Startup costs are typically around $12,000 to $50,000, depending on your premises, lease bond, fit-out, stock and workshop tools. Check lease terms, bond and fit-out costs carefully before signing, as they can shape your total.

Estimates suggest monthly revenue of typically around $5,000 to $25,000, depending on location, how quickly stock sells and how much repair work you win. This is revenue rather than profit, so rent and other costs come out of it.

Check your state's second-hand dealer rules, as some states require registration or licences. Keep a record of who you buy from, and check council zoning and signage rules, insurance needs, and GST registration once turnover reaches the threshold.