This chart covers the basic startup costs for a massage practice. In this example, it costs between $7,500 and $9,000 (and possibly more) to open a practice and at least another $7,500 to operate it for six months. If you plan for massage to be your sole source of income, ideally, you would have $16,000 plus six months of personal living expenses before opening your practice. Keep in mind your actual costs might vary.
Initial Expenses |
Estimates Cost ($)
|
Opening Business Checking Account |
100 |
Telephone |
200 |
Equipment |
1,000 |
First and Last Month's Rent and Security Deposit |
1,500 |
Permits |
150 |
Business Cards, Brochures, Stationary |
400 |
Logo |
250 |
Website Design and Hosting |
500 |
Opening Promotion Package (Optional) |
1,000+ |
Decorations |
100 |
Office Supplies |
300 |
Furniture, Music System, CDs, Linens, Clothes |
1,000+ |
Inventory for Product Sales (Optional) |
1,000 |
Total |
$7,500 |
Annual Expenses |
Estimated Cost ($) |
Property Insurance |
200 |
Business License |
150 |
Liability Insurance |
250 |
Professional Association Membership |
250 |
Legal and Accounting Fees |
450 |
Web Hosting |
200 |
Total |
$1,500 |
Common Monthly Expenses |
Estimated Cost ($) |
Rent |
400 X 6 = 2,400 |
Utilities |
50 X 6 = 300 |
Telephone |
75 X 6 = 450 |
Bank Fees and Credit Card Processing |
40 X 6 = 240 |
Supplies and Postage |
75 X 6 = 450 |
Networking Club Dues |
40 X 6 = 240 |
Education |
50 X 6 = 300 |
Promotion |
200 X 6 = 1,200 |
Internet Access |
20 X 6 - 120 |
Repair, Maintenance and Cleaning Service |
75 X 6 = 450 |
Travel Expenses |
30 X 6 = 180 |
Inventory |
200 X 6 = 1,200 |
Business Loan Payments |
? |
Personal Draw/Salary |
? |
Total Six-Month Budget (without personal expenses) |
$7,530 |
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