Clock and watch repair shopfront

Walk-in customers, antique dealers, collectors, jewellers and estate sellers who pay per job.

Fast, low-cost jobs bring in regular foot traffic, while larger servicing and restoration work earns higher quotes. Some shops also sell refurbished clocks.

• Skilled bench repair of clocks and watches
• Customer service at the counter
• Pricing jobs and managing a small shop

• Commercial lease terms, rent and fit-out costs
• Public liability and contents insurance, including customers' items and stock
• Workers compensation insurance if you hire staff (state schemes differ)
• Security for valuable items left in the shop
• Register for an ABN, and check when GST registration is needed

Startup costs are estimated at typically around $10,000 to $40,000, depending on the lease, fit-out, tools and stock. Get quotes for your own premises, as rent and fit-out vary a lot.

Monthly revenue is estimated at typically around $3,000 to $12,000, depending on foot traffic, job mix and pricing. These are estimates only, and revenue is not profit once rent and other costs are paid.

Check commercial lease terms, rent and fit-out costs. Look into public liability and contents insurance, including customers' items and stock, plus security for valuables. Check workers compensation if you hire staff, as state schemes differ, and ABN and GST registration.