Phone Accessory Shop

Walk-in customers from the neighborhood, students, commuters and people whose accessories broke or got lost.

Retail markup on stock, plus fitting fees. Selling add-ons at the till and offering bundles helps raise the average sale.

• Retail and inventory management
• Product knowledge across phone brands
• Customer service and upselling

• Commercial lease terms and rent, which can be the biggest ongoing cost
• Sales tax registration and a local business license, so check your city or county
• General liability and property insurance, and workers' compensation once you hire
• Competition from online sellers and big chains, so think about what makes your shop different
• Counterfeit branded accessories and non-certified chargers can bring legal and safety risks

Startup costs are typically around $8,000 to $40,000, depending on the lease and fit-out, how much stock you carry and your equipment. Rent can be the biggest ongoing cost, so check lease terms carefully.

Monthly revenue is typically around $4,000 to $20,000, depending on location, range and foot traffic. The estimate starts at about 35 hours a week. Online sellers and big chains compete, so think about what makes your shop different.

Check commercial lease terms, sales tax registration and a local business license with your city or county. Look into general liability and property insurance, plus workers' compensation once you hire. Counterfeit branded accessories and non-certified chargers can bring legal and safety risks.