Neighborhood electrical repair shop

Local households, landlords, and small businesses like restaurants, salons and offices that need equipment fixed quickly.

Diagnostic and labor fees, parts markup, and ongoing accounts with local businesses. Some shops also sell refurbished items or common accessories.

• Electronics diagnosis and repair
• Customer service at the counter
• Parts sourcing and basic bookkeeping

• Check your city or county business license, zoning and any certificate of occupancy for the space
• Review commercial lease terms carefully before signing
• Get general liability insurance and workers' compensation once you hire
• Check your state's rules on electrical work and whether any repairs need a licensed electrician
• Check sales tax registration for parts and any taxable services in your state
• Set a clear policy on uncollected items and repair warranties
• Check rules for disposing of e-waste and old parts

Startup costs are typically estimated at around $8,000 to $30,000, depending on the space, your tools and how many common parts you keep in stock. Review commercial lease terms carefully before signing, as rent is a fixed ongoing cost.

Monthly revenue is typically estimated at around $4,000 to $16,000, depending on your location, the range of items you repair and how many local businesses you serve. The estimate assumes working around 35 hours a week or more.

Check your city or county business license, zoning and any certificate of occupancy for the space. Check your state's rules on electrical work and whether any repairs need a licensed electrician. Also check sales tax registration, insurance and e-waste disposal rules.