Jewellery and watch repair shop

Walk-in customers with everyday repairs, plus jewellers and boutiques that need a reliable repair partner.

Per-job repair fees, with quick, low-cost jobs like batteries and straps bringing people in and bigger repairs adding most of the revenue.

• Bench jewellery and basic watch repair
• Customer service and clear quoting
• Managing stock, tools and job tracking

• Commercial lease terms, deposits and length of commitment
• Insurance for the premises and for customers' items in your care, plus theft cover and security
• Check with your city or municipality whether you need a business licence for a shop-front, and confirm that zoning allows a repair workshop at your chosen unit, as rules vary by city
• Register your business name with your province or territory if you trade under a name other than your own, and check whether you need a GST/HST account once revenue passes the small supplier threshold
• Hiring staff means checking WCB/WSIB registration in your province
• If you buy gold or second-hand pieces, check provincial and local second-hand dealer rules, which may require a separate licence or record-keeping
• Slow periods outside the holiday and wedding seasons, so keep a cash buffer

Startup costs are estimated at typically around $15,000 to $60,000, depending on your unit, tools and shop fit-out. Check commercial lease terms, deposits and the length of commitment before you sign.

Monthly revenue is typically estimated at around $4,000 to $18,000, depending on location, the mix of repairs and how many local shops you work with. Slow periods outside holiday and wedding seasons are worth planning for.

Check whether your city needs a business licence and whether zoning allows a repair workshop at your unit. Also check business name registration, GST/HST, WCB or WSIB if you hire, insurance, and second-hand dealer rules if you buy gold or pieces.