This is my father's old SKX which is what got me into watch collecting. However it has been in-operational for five years and Seiko NJ couldn't repair it. They stated the parts were too old.
I am very interested in fixing this watch as it has high sentimental value.
Most of the parts for the case (gaskets, o-rings, etc) can be found online. If the movement is damaged, worst case is that you buy a parts watch with a good movement (the 7546 movement is essentially the same as the 7548, just much more common and inexpensive). If you're handy, you can do it yourself for under $50. If you aren't, plenty of folks here on the forum who could help (myself included)
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