Startup cost: $200 - $2.5k

Low-end estimate: This budget covers basic tools like a watch repair kit ($50), a magnifying glass or loupe ($20), a small selection of watch batteries and straps ($50), and a basic online presence (website or social media setup, $80). This setup is for someone who wants to start small, perhaps focusing on battery replacements and strap changes. High-end estimate: This includes professional-grade tools such as a high-quality watchmaker's toolkit ($500), a professional loupe ($100), a range of watch parts and inventory ($500), a more comprehensive online presence with a professional website and advertising ($500), and possibly a small workshop setup ($900). This budget is for someone aiming to offer a full range of services, including more complex repairs and restorations. Hidden costs can include ongoing inventory replenishment, marketing expenses, and potential training or certification courses. While some online communities suggest it's low-cost, expenses can increase as you expand services or improve quality.