Silk boutique with a small shopfront

Dressmakers, bridal and formal-wear makers, designers, costume makers and shoppers looking for quality gifts.

Retail margin on fabric and finished goods, plus add-ons such as notions, patterns and workshops or classes.

• Deep knowledge of silk and other fabrics
• Buying and stock control
• Selling and customer service

• Read lease terms carefully and check your state's retail lease rules before signing
• Check with your local council about any approvals needed for the premises and shop signage
• Public liability insurance and cover for stock against theft and damage
• Register for an ABN, and check when GST registration is needed
• Check workers compensation requirements in your state once you hire staff
• Slow-selling stock ties up cash, so buy in small quantities at first

Startup costs are typically estimated at around $20,000 to $80,000, depending on the premises and how much stock you buy. Slow-selling stock ties up cash, so buying in small quantities at first is worth considering.

Monthly revenue is typically estimated at around $6,000 to $30,000, depending on your location, range and customer base. That is revenue before rent and stock costs. Estimates start from about 30 hours a week.

Read lease terms carefully and check your state's retail lease rules before signing. Check council approvals for the premises and signage, public liability and stock insurance, ABN and GST registration, and workers compensation requirements in your state once you hire staff.