Electric motor trade counter shop

Local engineering workshops, farms, electricians, maintenance contractors and individuals needing a quick replacement.

Margin on products sold over the counter and on trade accounts, plus extra from advice, fitting accessories and urgent same-day supply.

• Good knowledge of motors and their specifications
• Customer service and building trade relationships
• Stock control and supplier negotiation

• Stock ties up a lot of cash, so start with fast-moving lines
• Check lease terms, business rates and whether the unit's permitted use suits a trade counter
• Check the product safety, marking and electrical waste (WEEE) rules for what you sell
• Public liability, product liability and stock and contents insurance are worth checking
• Employer's liability insurance is needed once you hire staff
• Trade customers may expect credit, so check your cash flow and chase late payments

Startup costs are typically around £25,000 to £90,000, depending on the unit, stock levels and how much you fit out. Stock ties up a lot of cash, so many owners start with fast-moving lines. These are estimates, not quotes.

Monthly revenue is typically around £8,000 to £40,000, depending on location, stock range and how many trade customers you win. Revenue is not profit, so allow for stock, rent, rates and wages. Treat these as estimates only.

Check your lease terms, business rates and whether the unit's permitted use suits a trade counter. Also check the product safety, marking and electrical waste (WEEE) rules for what you sell, and the insurance you need, including employer's liability once you hire staff.