Startup Costs

Start An Office Furniture Business

Startup Costs

Wondering how much it costs to start an office furniture business?

  • The minimum startup costs for an office furniture business: $4,545
  • The maximum startup costs for an office furniture business: $60,873
  • The average startup costs for an office furniture business: $32,784

Here's a detailed list of an office furniture business startup costs:

Retail Business Expenses

If you plan to have a brick & mortar location for your office furniture business, you must weigh the costs of your rent, as it may be the most expensive part of running your business.

Rent costs for your office furniture business very much depends on your location. This cost will vary by both region and specific areas of town: a lease in the heart of Manhattan could cost over $80,000/month in rent. Meanwhile, a storefront lease in Florida or Tennessee could cost less than $1,000/month.

Cost Min Startup Costs Max Startup Costs
Shop Decor $0 $5,000
Utilities (storefront business) $0 $1,000
Building improvements and remodeling $0 $950
Storefront Property Rent ➜ $1,250 $3,500
POS System $0 $1,200

Business Formation Fees

There are a few key costs associated with forming your business entity, such as setting up an LLC and getting trademarks, copyrights, and patents sorted.

Cost Min Startup Costs Max Startup Costs
Small Business Insurance $500 $2,000
Permit and License Fees $50 $700
Lawyer Fees $0 $1,500
Set up business: LLC & Corporations $50 $500

Software Expenses

Your office furniture business needs software to run efficiently!

Why spend money on software? Because it can help you save time and automate certain parts of the business, so you can focus on the most important matters. Software and technology can help you grow your business, and save you from expensive personnel costs.

Cost Min Startup Costs Max Startup Costs
Email marketing tool $0 $100
Accounting & Invoicing Software $0 $50
Internal Communication Tool $0 $20
Social Media Management Tools $0 $50
Payroll Software $0 $200

Office Space Expenses

It will be your call to determine if you need office space. It is not a requirement but may be necessary as your office furniture business grows.

Cost Min Startup Costs Max Startup Costs
Rent ➜ $500 $5,750
Utility Costs For Office Space ➜ $200 $1,150
WiFi & Internet ➜ $50 $100

Employee & Freelancer Expenses

Cost Min Startup Costs Max Startup Costs
Payroll Costs & Fees ➜ $150 $250
Employee Hiring Expenses $1 $2
Employee Rewards ➜ $0 $100

Equipment & Supply Expenses

Starting an office furniture business may require purchasing some equipment, whether that's for producing the product or packaging the goods, or equipment needed in the back office.

Cost Min Startup Costs Max Startup Costs
Technology Office Equipment ➜ $500 $5,000
Cleaning Supplies ➜ $63 $200
First-aid Equipment ➜ $3 $500

Website Costs

Every business should have a website, and it's worth spending a bit of money to set it up right.

Cost Min Startup Costs Max Startup Costs
Website Builder ➜ $10 $500
Web Design ➜ $200 $6,000
A Domain Name ➜ $12 $200
Business Email Hosting Service ➜ $1 $15
Website Hosting Costs ➜ $80 $300
Website & Live Chat Tool $0 $200

Inventory Expenses

If you sell a physical good, you'll likely have to start with some inventory.

Cost Min Startup Costs Max Startup Costs
Upfront Costs For Inventory $300 $5,000
Inventory Storage $0 $5,000
Package Design ➜ $50 $3,000
Shrinkage $0 $1,000
Distribution costs $0 $750

Specific Industry Expenses

Cost Min Startup Costs Max Startup Costs
Woodworking Equipment + Materials $500 $3,500
Handyman Tools $0 $500

Advertising & Marketing Costs

Cost Min Startup Costs Max Startup Costs
Business Cards $0 $50
Customer Research & Surveys $0 $300
Business Signage ➜ $75 $2,486
Direct Campaigns, Printing and Mailing $0 $300
Affiliate Marketing Commission & Fees $0 $250
Influencer Marketing $0 $750
Google Ads $0 $300
Facebook & Instagram Ads $0 $350

Other Expenses

Cost Min Startup Costs Max Startup Costs
Credit Card Processing Fees $0 $300