Jewellery and watch repair workshop

Walk-in customers, local retailers and jewellers, and people wanting repairs on family pieces and watches.

Per-job repair fees, quick services like watch batteries and cleaning, and trade work for shops. Foot traffic and repeat trade clients drive volume.

• Trained bench jeweller or watch repair skills
• Customer service and clear quoting
• Basic bookkeeping and managing a shopfront

• Check lease terms, fit-out costs and council or landlord requirements for your premises
• Insurance for the shop, stock and customers' items in your care, plus public liability
• Security: a safe, alarm and cash handling procedures
• Watch repair can need specialist tools and training, so start with batteries and straps
• Register for GST once you reach the turnover threshold and check workers compensation if you hire

Startup costs are typically estimated at around $15,000 to $60,000, depending on your premises, fit-out, tools, security and insurance. Watch repair can need specialist tools, so starting with batteries and straps may keep costs down.

Monthly revenue is typically estimated at around $4,000 to $16,000, depending on your location, the repairs you offer and whether you win trade work from other retailers. The estimate assumes about 35 hours a week or more.

Check lease terms, fit-out costs and council or landlord requirements for your premises. Also check insurance for the shop, stock and customers' items, your security arrangements, and when you need to register for GST or workers compensation.