Local tool shop for trades and diyers

Tradespeople such as carpenters, electricians and plumbers, small contractors, renovators, farmers, and homeowners doing DIY projects.

Mark-up on tools and fixings sold over the counter. Repeat trade customers with accounts, loose fixings sold by weight or piece, and add-ons like blade sharpening or tool repair can bring in steady extra income.

• Good product knowledge of tools and fixings
• Customer service and advice
• Stock control and ordering
• Basic bookkeeping

• Stock is a big upfront cost, so start with fast-moving lines and expand based on what sells
• Check zoning, municipal business licence and signage rules with your municipality (Quebec has French-language requirements)
• Commercial general liability and property or stock insurance, plus a plan for theft and damage
• Competition from big-box stores and online sellers, so think about what you offer that they do not
• Register for GST/HST (and PST or QST where it applies in your province) once required
• WCB/WSIB coverage once you hire staff, rules differ by province
• Sales can vary with the building season and winter weather in your region

Startup costs are typically around $60,000 to $200,000, depending on your premises, fit-out and especially your opening stock. Starting with fast-moving lines can help, but these figures are only estimates.

Monthly revenue is typically around $15,000 to $60,000, depending on location, range, and local trade demand. Expect to work around 40 hours a week at the start. These are revenue estimates, not profit.

Check zoning, municipal business licence and signage rules with your municipality, noting Quebec's French-language requirements. Also check insurance for liability and stock, GST/HST and any PST or QST, and WCB/WSIB coverage once you hire staff.