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This chart covers the basic startup costs for a massage practice. In this example, it costs between $5,000 and 6,000 to open a practice and another $7,000 to operate it for six months. Ideally, you would have $13,000 plus your personal living expenses before opening your practice. Keep in mind that your actual costs might vary. |
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| Initial Expenses: | Estimated Cost: | |
| Opening Business Checking Account | $100 | |
| Telephone Installation | $200 | |
| Equipment | $500+ | |
| First and Last Month's Rent and Security Deposit | $1,000 | |
| Business Cards | $100 | |
| Stationery and Envelopes | $150 | |
| Brochure | $250 | |
| Logo | $250 | |
| Opening Promotion Package (OPTIONAL) ads in local papers, magazines, radio; direct mail, etc. |
$1,000 | |
| Decorations | $150 | |
| Office Supplies | $300 | |
| Furniture, Music System, Tapes, Clothes | $500+ | |
| Total | $4,500 | |
| Annual Expenses: | ||
| Property Insurance | $175 | |
| Business License | $150 | |
| Permits | $175 | |
| Liability Insurance | $250 | |
| Professional Association Membership | $250 | |
| Legal and Accounting Fees | $400 | |
| Total | $1,400 | |
| Common Monthly Expenses: | ||
| Rent |
$400 x 6 =
|
2,400 |
| Utilities |
$50 x 6 =
|
300 |
| Telephone |
$75 x 6 =
|
450 |
| Bank fees |
$10 x 6 =
|
60 |
| Supplies |
$50 x 6 =
|
300 |
| Networking Club Dues |
$40 x 6 =
|
240 |
| Education |
$50 x 6 =
|
300 |
| Promotion |
$200 x 6 =
|
1,200 |
| Internet Access |
$20 x 6 =
|
120 |
| Postage |
$20 x 6 =
|
120 |
| Repair and Maintenance (also cleaning service) |
$75 x 6 =
|
450 |
| Travel Expenses |
$30 x 6 =
|
180 |
| Inventory |
$150 x 6 =
|
900 |
| Business Loan Payments | $? | |
| Personal Draw/Salary | $? | |
| Total 6-Month Budget without Personal Expenses | $7,020 | |
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