Wedding favours and keepsakes boutique

Engaged couples and families shopping in person, plus planners and businesses buying in bulk.

Retail margin on stocked items, custom order fees, bulk pricing and add-ons such as packaging and assembly.

• Retail and stock management
• Merchandising and display
• Sales and customer service
• Budgeting and supplier negotiation

• Commercial lease terms and rent, so check the lease carefully before signing
• Check council approvals and signage rules for your premises
• Public liability insurance, plus stock and contents cover
• Workers compensation insurance once you hire staff (state schemes)
• Demand can be seasonal and tied to wedding trends, so keep cash in reserve

Estimates suggest startup costs are typically around $30,000 to $90,000, depending on your premises, fit-out, stock and how much you invest in an online store alongside. Lease terms can make a big difference, so check them carefully.

Estimated monthly revenue is typically around $3,000 to $15,000, depending on your location, product range, pricing and how many custom orders you win. Demand can be seasonal, so keep some cash in reserve.

Check commercial lease terms and rent before signing, council approvals and signage rules for your premises, and public liability insurance plus stock and contents cover. If you hire staff, check workers compensation insurance under your state scheme.