Fashion jewellery and accessories shop

Local shoppers, teens and young adults, gift buyers and visitors passing through busy shopping areas.

You buy stock wholesale and sell at a markup. Sales depend on foot traffic, regular new stock and busy seasons such as holidays and Valentine's Day.

• Buying stock and managing inventory
• Visual merchandising and displays
• Customer service and basic bookkeeping

• Commercial lease terms, rent and deposits, and check them carefully before signing
• Check municipal business licence and signage rules, and register for GST/HST and any provincial sales tax
• Commercial general liability and contents insurance
• Slow winter months and unsold stock tying up cash
• WCB/WSIB coverage if you hire staff, as rules vary by province
• Check nickel and lead rules for jewellery with your suppliers

Estimated startup costs are typically around $15,000 to $60,000, depending on your location, lease and stock. Monthly revenue is estimated at roughly $4,000 to $20,000, depending on foot traffic, range and whether you also sell online.

Check commercial lease terms, municipal business licence and signage rules, and GST/HST and provincial sales tax registration. Also check insurance, WCB/WSIB coverage if you hire staff, and nickel and lead rules for jewellery with your suppliers.

Helpful skills include buying stock and managing inventory, visual merchandising, customer service and basic bookkeeping. Estimates suggest at least about 35 hours a week, and slow winter months can tie up cash in unsold stock.