Local hobby shop with game and craft space

Local enthusiasts, families, gift shoppers, students and club members who want to see and buy products in person.

Retail sales at a markup on wholesale stock, plus table fees, workshops, tournament entries and repeat customers.

• Knowing the hobbies you sell
• Stock buying and inventory control
• Friendly customer service and community building

• Commercial lease terms, deposits and personal guarantees, ask for advice before signing
• Local business license, sales tax permit and certificate of occupancy, check with your city or county
• General liability and property insurance, plus workers' compensation if you hire
• Large stock investment and slow-selling items can strain cash flow
• If you host events for kids, check any local rules on supervision and capacity

Startup costs are typically around $20,000 to $80,000, depending on your premises, fit-out and how much stock you buy. Monthly revenue is typically around $5,000 to $25,000, depending on location, range and how many events you host.

Check commercial lease terms, deposits and personal guarantees before signing. Also check your city or county for a business license, sales tax permit and certificate of occupancy, plus insurance, and any local rules on supervision and capacity for kids' events.

You need to know the hobbies you sell, manage stock buying and inventory control, and offer friendly service that builds a community. Plan on at least around 35 hours a week, as an estimate.