Second-hand bookshop with a shopfront

Local readers, students, families, tourists and collectors who enjoy browsing.

Book sales at a markup on what you paid, plus trade-in credit that keeps customers returning. An online shop alongside the store can widen your sales.

• Judging the value of used books
• Customer service and recommending books
• Stock control and shelving
• Managing a lease and budget

• Rent and a lease are the biggest risk, so read lease terms carefully and consider getting advice before signing
• Check council approval for using the premises as a shop, plus signage rules
• You need an ABN, and GST registration is required once turnover reaches the threshold
• Public liability insurance and cover for stock are worth checking
• Workers compensation insurance is needed once you hire staff, so check your state scheme
• Slow early months are common, so keep a cash buffer

Startup costs are typically estimated at around $15,000 to $60,000, depending on the lease, fit-out, shelving and opening stock. Treat this as an estimate and read lease terms carefully before signing.

Monthly revenue is typically estimated at around $4,000 to $20,000, depending on location, stock range and foot traffic. Revenue is not profit, and rent comes out of it. Slow early months are common, so keep a cash buffer.

Check council approval for using the premises as a shop and any signage rules. You need an ABN, with GST registration once turnover reaches the threshold. Also check public liability and stock insurance, and workers compensation if you hire staff.