Neighbourhood general store

Local residents, older people, families topping up their shopping, workers and passing trade.

You buy stock from wholesalers and sell at a mark-up. Profit depends on the margins on each product, your rent, and how much steady footfall you get.

• Stock buying and ordering
• Basic bookkeeping
• Friendly customer service
• Managing a till and cash

• Selling food means registering your food business with your local council, usually at least 28 days before you open, so check timings with them
• You only need a licence for alcohol if you choose to sell it: this means a premises licence and a designated premises supervisor with a personal licence, both arranged through your council
• Tobacco, vapes, knives and lottery sales have their own age and registration rules that vary by nation, so check with your council or Trading Standards before stocking them
• Age-restricted sales need staff training and checks to avoid fines
• Public liability and stock insurance, plus employers' liability insurance once you hire
• Business rates, rent and a long lease are big commitments, so get advice before signing
• Supermarket convenience stores compete on price, so look for a gap in your area

Estimates suggest startup costs are typically around £15,000 to £75,000, depending on the premises, the stock you buy in and how you set the shop up. Get advice on rent, rates and lease terms before signing anything.

Estimated monthly revenue is typically around £8,000 to £40,000, depending on your location, opening hours and product range. Supermarket convenience stores compete on price, so look for a gap in your area before you commit.

Check food business registration with your local council, usually at least 28 days before opening. If you sell alcohol, check premises and personal licence rules. Also check rules for tobacco, vapes, knives and lottery sales, age-restricted sales training, and insurance.