"it would cost me £500 a month"
"plan is to pay my dad to man it"
That's more than £500 then.
I've often thought of running a similar business if ever I was stuck for work, but having a premises never entered my head. I guess you could sell stuff to (hopefully) add to income, but the prices of computer bits seems so volatile that you wouldn't want to stock much, even if you could afford to, and of course you have big competition in that market from the internet.
You could look at what other revenue generating services you could provide - phone unlocking seems popular - and also maybe target the break/fix and upgrade markets for equipment other than PCs - seems to me that XBox's etc can be modded to do a whole lot more than the average Joe would know about, so you might be able to push some of those services too.
If it is in an upmarket area you might need to spend a few bob on making the shop look the part - proper signage etc. However the insurance could be a lot if they think you are storing a lotr of relatively high value and desirable stuff.
Last thought - if the folks are selling up would you have to move out then, if so why not use the money to get yourself a flat or house with the space you need to carry on as now?
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