Neighborhood shoe store

Local shoppers, parents buying for growing kids, tradespeople needing work boots, and people who want comfortable shoes and a proper fit.

Markup on each pair sold, plus add-on sales like insoles, socks and shoe care products. Seasonal sales and repeat customers help keep cash flowing.

• Customer service and fitting advice
• Buying and stock control
• Basic bookkeeping
• Merchandising a small space

• Stock is the biggest cost and unsold sizes tie up cash, so start with a tight range
• Check your state for a sales tax permit and your city or county for a business license
• General liability insurance and coverage for stock against theft or damage
• Lease terms, rent increases and foot traffic before you sign
• Some brands require minimum orders or approval before they will sell to you

Startup costs are typically around $30,000 to $120,000, depending on your lease, fit-out and especially your opening stock. Stock is the biggest cost, so starting with a tight range can help. These are estimates only.

Monthly revenue is typically around $8,000 to $40,000, depending on your location, niche, range and foot traffic. Unsold sizes can tie up cash, so these estimates will vary with how well you manage stock.

Check your state for a sales tax permit and your city or county for a business license. Also review lease terms, rent increases and foot traffic before signing, insurance for liability and stock, and whether brands require minimum orders or approval.