Electronic parts counter for repairers and makers

Local repair shops, technicians, schools and colleges, small manufacturers, makerspaces and hobbyists who need parts the same day.

Markup on parts and accessories, trade accounts with repeat orders, and add-ons like soldering supplies, tools and workshop kits.

• Good knowledge of components and datasheets
• Stock control and purchasing
• Customer service and advice at the counter
• Basic bookkeeping

• Check municipal zoning and business licence requirements for retail premises
• Commercial general liability and contents insurance, and check what your landlord requires
• Register for GST/HST and check provincial sales tax rules where you operate
• Lease commitments and rent are a fixed cost, so confirm demand before signing
• Large stock can tie up cash and parts can become obsolete
• Check WCB or WSIB rules in your province before hiring staff
• Winter weather can reduce walk-in traffic, so keep the online shop active

Estimates suggest startup costs typically sit around $15,000 to $60,000, depending on the premises, stock and tools you carry. Monthly revenue is typically estimated at around $4,000 to $20,000, depending on location, trade accounts and how active your online shop is.

Check municipal zoning and business licence requirements for retail premises, commercial general liability and contents insurance, and what your landlord requires. Also check GST/HST registration, provincial sales tax rules, lease commitments, and WCB or WSIB rules before hiring staff.

The idea calls for good knowledge of components and datasheets, stock control and purchasing, counter advice and basic bookkeeping. Estimates suggest at least about 35 hours a week. Large stock can tie up cash, and winter weather may reduce walk-in traffic.