Neighborhood music instrument shop

Students and their parents, hobbyists, gigging musicians, church and community groups, and local teachers who send students to you.

Retail margin on instruments and accessories, with steady repeat sales on small items like strings and reeds. Repairs, setups and rentals can add extra income.

• Playing or knowing instruments well enough to advise customers
• Buying and managing inventory
• Friendly, patient customer service
• Basic bookkeeping

• Inventory is a big upfront cost and slow-moving items tie up cash, so start with fast sellers
• Check with your city or county for a business license, zoning approval and any certificate of occupancy for the space
• Register with your state for a seller's permit or sales tax number before you start selling
• Get general liability and property insurance, and check what a lease requires
• Competition from big chains and online sellers, so plan how you will stand out, for example with service, repairs or school ties
• Some brands set rules about how new dealers can advertise or price their products, so read dealer agreements carefully

Startup costs are typically around $60,000 to $250,000, depending on how much inventory you stock, your lease and fit-out, and insurance. Inventory is a big upfront cost, so many owners start with fast sellers. These are estimates only.

Monthly revenue is typically around $12,000 to $60,000, depending on your location, stock, and whether you add repairs, rentals or lessons. These are estimates of revenue, not profit, and the idea assumes about 40 hours a week.

Check with your city or county for a business license, zoning approval and any certificate of occupancy. Register with your state for a seller's permit or sales tax number, get general liability and property insurance, and read any dealer agreements carefully.