Local souvenir and gift shop

Domestic and international visitors, day trippers and people buying a gift to take home.

Retail margin on each item sold. Local and Australian-made products can earn better margins and help your shop stand out from generic imports.

• Choosing products people want
• Friendly customer service
• Stock control and basic bookkeeping

• Rent in busy tourist areas can be high, so check the lease terms carefully before signing
• Visitor numbers often change with the season, so plan cash flow for quiet months
• Public liability and contents insurance
• Register for an ABN and check when you need to register for GST
• Check council rules on signage and trading hours
• Authentic Indigenous art and designs should be bought from reputable sources with proper licensing, so check suppliers carefully
• Check staff wages against the relevant award once you hire, and arrange workers compensation insurance

Startup costs are typically estimated at around $15,000 to $60,000, depending on the location, fit-out and how much stock you buy. Rent in busy tourist areas can be high, so check lease terms and get quotes before signing.

Monthly revenue is typically estimated at around $6,000 to $30,000, depending on your location, the season and your product range. Visitor numbers often change through the year, so plan your cash flow for quiet months. These are estimates only.

Check the lease terms, public liability and contents insurance, ABN and GST registration, council rules on signage and trading hours, and staff wages against the relevant award. Buy Indigenous art only from reputable, properly licensed sources.