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 |