How do you start a woodworking shop business in 2027?
Honest 5/10 take.
Startup costs: $5K-50K. Table saw (SawStop PCS, Powermatic) $2K-6K. Planer, jointer, bandsaw, miter saw $2K-5K. Dust collection $500-2K. Hand tools, clamps, sanders $500-1.5K. Lumber inventory $500-2K. CNC router (Shapeoko, Onefinity) optional $2K-6K. Workshop rent or garage outfitting $500-3K/mo. LLC/insurance $400-1K.
Tools/software: SketchUp (free-$349/yr), Fusion 360 ($545/yr), or Shaper Studio for design. VCarve Pro for CNC. QuickBooks for invoicing. Shopify or Etsy for retail.
Customer acquisition: Etsy for cutting boards, signs (saturated). IG/TikTok for build videos (huge engagement potential). Local craft fairs, farmers markets. Faire wholesale for boutiques. Custom commissions via word-of-mouth. Realtors for closing gifts. Restaurants for tables/bars B2B.
Revenue model: Retail items $30-300. Custom furniture $500-5K+. Built-ins/cabinetry $2K-20K. Workshop classes $75-200/seat.
Year 1: $20K-80K gross typical. Margins 40-60%. Custom commissions and B2B (restaurants, builders) pay better than Etsy stock items.