Local woodworking supplies shop

Local joiners, carpenters, furniture makers, hobbyists, men's sheds and woodworking clubs.

Retail margin on products sold over the counter, plus trade accounts for regular customers. Many shops also add an online shop, workshops or tool sharpening to bring in extra income.

• Good knowledge of woodworking tools and materials
• Buying and stock control
• Customer service and advice
• Basic bookkeeping

• Commercial lease terms and business rates, so get advice before signing and check for any small business relief
• Retail premises may need specific planning use, so check with your council
• Stock is a big upfront cost, and slow-moving lines tie up cash
• Public liability, product liability and stock and contents insurance
• Safe storage and sale of flammable finishes and solvents, so check fire safety rules and insurer requirements
• Employer's liability insurance if you take on staff

Estimates suggest typically around £15,000 to £60,000, depending on the premises, fit-out and especially how much stock you buy. Stock is a big upfront cost, and slow-moving lines tie up cash.

Monthly revenue is typically estimated at around £4,000 to £20,000, depending on location, range and customer base. Estimates also assume at least about 35 hours a week, so allow for a full-time commitment.

Check commercial lease terms, business rates and any small business relief, and ask your council whether retail premises need specific planning use. Also check fire safety rules and insurer requirements for storing flammable finishes and solvents.