Vintage clothing shop

Local shoppers, students, creatives and visitors looking for distinctive pieces they can try on in person.

In-store and online sales of stock bought below the selling price. Some shops also buy from the public or sell on consignment to widen their supply.

• Strong eye for curation and pricing
• Retail and customer service
• Managing stock, rent and cash flow

• Read lease terms carefully and get advice before signing, as commitments can be long
• Check council rules on shop use, signage and any fit-out approvals
• Public liability and contents insurance, and workers compensation once you hire staff
• Get an ABN and check GST registration, and note that a shop usually has rent to cover every month
• If you buy from the public, check your state's rules on second-hand dealers and record keeping

Startup costs are typically estimated around $40,000 to $90,000, depending on the premises, fit-out and how much stock you buy. A shop usually has rent to cover every month, so plan your cash flow carefully.

Monthly revenue is typically estimated around $6,000 to $25,000, depending on location, stock quality and foot traffic. The estimate assumes at least 35 hours a week. Rent and other costs come out of that revenue.

Read lease terms carefully and get advice before signing. Check council rules on shop use, signage and fit-out approvals, and your insurance needs. Get an ABN and check GST registration. If you buy from the public, check your state's second-hand dealer rules.