Jewellery and watch repair workshop

Walk-in customers, local jewellers and pawnbrokers without their own bench, and estate agents or funeral directors for sentimental pieces.

Fixed prices for common repairs and quotes for bigger jobs, with steady small earnings from batteries, straps and cleaning.

• Bench jewellery and soldering
• Basic watch repair
• Customer service and clear quoting

• Insurance covering stock, customers' items, premises and public liability, plus a safe or secure storage
• Check the lease, business rates and any planning use class for the premises
• Check any anti-money laundering and precious metal rules if you buy or sell gold or silver
• Risk of damaging valuable or sentimental items, so agree repairs in writing
• Fixed rent costs while you build up regular customers

Startup costs are typically around £5,000 to £20,000, depending on your premises, bench tools, secure storage and insurance. These are estimates, so check lease terms and rent before settling on a unit.

Monthly revenue is typically around £2,000 to £8,000, depending on footfall, trade customers and the repairs you offer. These are estimates, and you could expect to work around 30 hours a week.

Check insurance covering stock, customers' items, premises and public liability, plus secure storage. Also check the lease, business rates and planning use class, any anti-money laundering and precious metal rules, and agree repairs in writing.