Phone and smart device shop

Everyday shoppers, older people who want help with new devices, families and nearby small businesses.

Profit on each sale, with accessories usually earning a higher margin than handsets. Paid setup help, screen protector fitting and simple add-on services bring in extra income.

• Knowing phones and smart devices
• Patient, clear explaining
• Stock buying and cash flow
• Selling without pressure

• Rent, lease terms and fit-out costs, so check the lease carefully before signing
• Australian Consumer Law guarantees and refund obligations, which apply to what you sell
• Check that electrical items carry the right compliance marks for Australia
• Public liability and stock insurance, plus theft risk
• Check where second-hand or refurbished devices come from and whether they are blocked or stolen
• GST registration once turnover reaches the threshold
• Fast-falling prices on handsets can leave you holding old stock

Startup costs are typically estimated at around $20,000 to $80,000, depending on the premises, fit-out and how much stock you buy. Rent, lease terms and fit-out costs are worth checking carefully before you sign a lease.

Monthly revenue is typically estimated at around $10,000 to $45,000, depending on location, stock range and customer numbers. That is revenue, not profit, and fast-falling handset prices can leave you holding old stock.

Check Australian Consumer Law guarantees and refund obligations, compliance marks on electrical items, public liability and stock insurance, GST registration once you reach the turnover threshold, and where any second-hand or refurbished devices come from.