Neighborhood luggage and travel bag shop

Travelers, students, families, business commuters and gift shoppers, often buying before holidays, summer trips or the school year.

You buy bags wholesale and sell at retail, with extra margin on accessories, add-ons and the odd small repair or gift item.

• Choosing stock that sells
• Customer service and product knowledge
• Managing inventory and cash flow

• Local business license and state sales tax registration, check with your city, county and state
• General liability and property insurance, plus workers' compensation once you hire
• Money tied up in stock, and slower sales outside peak travel seasons
• Brand dealer agreements and pricing rules, and avoid counterfeit or unauthorized goods
• Lease terms, zoning and signage rules for your location

Startup costs are estimates, typically around $30,000 to $120,000, depending on your lease, fit-out and opening stock. Monthly revenue is also an estimate, typically around $8,000 to $40,000, depending on location and season.

Check your local business license and state sales tax registration with your city, county and state. Also check brand dealer agreements and pricing rules, avoid counterfeit goods, and review lease terms, zoning, signage rules and insurance.

Expect around 40 hours a week or more. Useful skills include choosing stock that sells, product knowledge, customer service, and managing inventory and cash flow. Sales may be slower outside peak travel seasons.