How Much Does It Cost To Start A Knife Sharpening Service? (In 2024)

Pat Walls

•

Updated: January 18th, 2023

Start A Knife Sharpening Service

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

The cost of opening a a knife sharpening service can vary based on several factors. However for a a knife sharpening service you can expect to spend $62 to $41,811 with an average cost of $24,081.

The minimum startup costs for a knife sharpening service: $62
The maximum startup costs for a knife sharpening service: $41,811
The average startup costs for a knife sharpening service: $24,081

Here's a detailed list of a knife sharpening service startup costs:

Learn more about starting a knife sharpening service:

Where to start?

-> How to start a knife sharpening service?
-> Pros and cons of a knife sharpening service

Need inspiration?

-> Other knife sharpening service success stories
-> Examples of established knife sharpening service
-> Marketing ideas for a knife sharpening service
-> Knife sharpening service slogans
-> Knife sharpening service names

Other resources

-> Knife sharpening service tips

Equipment & Supply Expenses

Starting a knife sharpening service may require purchasing some equipment, whether that's for producing the product or packaging the goods, or equipment needed in the back office.

Cost	Required?	Min Cost	Max Cost
Cleaning Supplies ➜	Optional	$63	$200
First-aid Equipment ➜	Optional	$3	$500

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	Required?	Min Cost	Max Cost
Set up business: LLC & Corporations	Required	$50	$500
Small Business Insurance	Recommended	$500	$2,000
Permit and License Fees	Optional	$50	$700
Trademark	Optional	$0	$700
Lawyer Fees	Optional	$0	$1,500
A Patent ➜	Optional	$5,000	$15,000

Software Expenses

Your knife sharpening service 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	Required?	Min Cost	Max Cost
File Hosting Service	Recommended	$0	$299
Email marketing tool	Recommended	$0	$100
Accounting & Invoicing Software	Recommended	$0	$50
CRM Software ➜	Recommended	$12	$300
Project Management Software	Recommended	$0	$25
Internal Communication Tool	Recommended	$0	$20
IT Support ➜	Optional	$150	$2,000
Design Programs & Software	Optional	$0	$50
Social Media Management Tools	Optional	$0	$50
Payroll Software	Optional	$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 knife sharpening service grows.

Cost	Required?	Min Cost	Max Cost
Rent ➜	Optional	$0	$5,750
Utility Costs For Office Space ➜	Optional	$0	$1,150
WiFi & Internet ➜	Optional	$0	$100

Employee & Freelancer Expenses

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

Website Costs

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

Cost	Required?	Min Cost	Max Cost
Domain Name ➜	Required	$12	$200
Website Hosting Costs ➜	Required	$0	$300
Website Builder ➜	Recommended	$10	$500
Business Email Hosting Service ➜	Recommended	$1	$15
Website & Live Chat Tool	Recommended	$0	$200
Web Designer ➜	Optional	$200	$6,000

Advertising & Marketing Costs

Cost	Required?	Min Cost	Max Cost
Business Cards ➜	Optional	$0	$50
Customer Research & Surveys	Optional	$0	$300
Local fairs and festivals	Optional	$0	$500
Direct Campaigns, Printing and Mailing	Optional	$0	$300
Affiliate Marketing Commission & Fees	Optional	$0	$250
Google Ads	Optional	$0	$300

Training & Education Expenses

Cost	Required?	Min Cost	Max Cost
Professional Training	Optional	$0	$850

Specific Industry Expenses

Cost	Required?	Min Cost	Max Cost
Handyman Tools	Optional	$0	$500

Part of

Starting A Knife Sharpening Service: Everything You Need To Know

‹

›