Start a used car parts shop or trade counter

Local drivers, independent garages, bodyshops and mobile mechanics who want quick access to cheaper parts.

You sell parts at a margin above your buying cost. Repeat trade from garages and a good online presence help keep stock moving.

• Strong knowledge of cars and parts
• Stock control and pricing
• Dealing with trade customers

• Reselling parts bought in generally does not need a specific trading licence, but check with your local council and the Environment Agency (or SEPA, NRW or NIEA outside England) about any waste or storage rules that apply to your set-up
• If you plan to dismantle vehicles yourself, you would need an environmental permit and authorised treatment facility (ATF) status, which is costly and strict and is not covered by this idea
• Check you only buy from legitimate sources and keep clear purchase records
• Check the handling and storage rules for oils, batteries and other hazardous items
• Public liability insurance and cover for stock, plus check business rates and planning use for the unit
• Stock tied up in slow-moving parts can strain cash flow

Estimates suggest startup costs are typically around £10,000 to £40,000, depending on the unit, the stock you buy in and how you fit it out. Stock can tie up cash, so slow-moving parts are worth planning for.

Reselling parts bought in generally does not need a specific trading licence, but check with your local council and the Environment Agency (or SEPA, NRW or NIEA) about any waste or storage rules. Dismantling vehicles needs an environmental permit and ATF status, which this idea does not cover.

Estimates suggest monthly revenue of typically around £4,000 to £15,000, depending on your stock, location and how much you sell online. That is revenue rather than profit, so allow for rent, stock and insurance costs.