Start a neighborhood variety store

Nearby residents, families on a budget, renters furnishing a home, and people who want a quick local stop instead of a big-box trip.

You buy in bulk from wholesalers and close-out suppliers and sell at a markup. Profit comes from many small sales, steady foot traffic and smart stock choices.

• Choosing products that sell
• Basic bookkeeping and inventory tracking
• Friendly customer service
• Negotiating with suppliers

• Sales tax registration with your state, since most of what you sell is likely taxable
• General liability insurance and coverage for stock, theft and fire
• Lease terms, deposits and zoning for retail use, check with your city or county
• Some products (toys, children's items, electrical goods) have safety rules, check CPSC guidance before buying stock
• Cash tied up in unsold stock, start with a small range

Startup costs are typically around $15,000 to $60,000, depending on your premises, deposits and how much stock you buy. Starting with a small product range can help keep your cash from being tied up in unsold stock.

Estimated monthly revenue is typically around $6,000 to $30,000, depending on your location, product mix and opening hours. That figure is revenue before rent, stock and other costs, so it is not the same as profit.

Check sales tax registration with your state, general liability insurance and cover for stock, theft and fire, and lease terms and zoning for retail use with your city or county. Also check CPSC guidance for toys, children's items and electrical goods.