Watch and clock repair shop

Local residents, office workers, nearby jewelers and antique dealers, and collectors looking for a trusted local repairer.

Quick, low-priced services such as batteries and straps bring in foot traffic, while servicing and restoration carry higher margins. You can also sell straps, batteries and refurbished pieces.

• Watchmaking and clock repair
• Customer service at the counter
• Pricing and basic bookkeeping
• Managing stock and parts

• Rent and lease terms, since fixed costs can outweigh slow early months
• Check your state and city for a business license, sales tax registration and any zoning requirements
• Insurance for general liability, theft and customers' property held in the shop
• Secure storage for high-value items and clear receipts for each intake
• Workers' compensation insurance once you hire help

Startup costs typically range around $8,000 to $40,000, depending on whether you take a storefront or a kiosk, the fit-out, and your tools and parts stock. Check lease terms, as fixed costs can outweigh slow early months.

Monthly revenue is typically around $3,000 to $12,000, depending on your location, foot traffic and the mix of battery changes, straps and full servicing work.

Check your state and city for a business license, sales tax registration and zoning requirements. Also check insurance for general liability, theft and customers' property, and workers' compensation once you hire help.