Are you trying to restore something unique to a pristine state or just trying to make something average useful again?
Making sure parts for repairs are available, having a supplier for bearings, fine tolerance measuring equipment, basic electrical knowledge and associated test and repair gear ... pullers, easy-outs, plastic welding setup for broken casings, etc. Power cords are almost always an issue with old power tools!
Please be very careful. If you're a novice refurbishing a power tool, a mistake could easily result in an unsafe tool ... electrocution or other injury.
A cleaning setup for parts, degreasing, etc may be useful, as well as the previously mentioned air tools. Auto polishes and various pads, used with something like a RO90, can restore ugly scratched casings surprisingly well.
Generally people that restore tools tend to specialise in particular brands/models that they know well and become efficient with - it could be an enpensive exercise and steep learning curve.