How Much Does It Cost To Start A Lease Brokerage Business? (In 2022)

How Much Does It Cost To Start A Lease Brokerage Business? (In 2022)
Start A Lease Brokerage Business

Wondering how much it costs to start a lease brokerage business?

  • The minimum startup costs for a lease brokerage business: $62
  • The maximum startup costs for a lease brokerage business: $28,572
  • The average startup costs for a lease brokerage business: $14,998

Here's a detailed list of a lease brokerage business startup costs:

Equipment & Supply Expenses

Starting a lease brokerage 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 Required? Min Cost Max Cost
Cleaning Supplies ➜ Optional $63 $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 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
Lawyer Fees Optional $0 $1,500

Software Expenses

Your lease brokerage 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 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
Internal Communication Tool Recommended $0 $20
Design Programs & Software Optional $0 $50
IT Support ➜ Optional $150 $2,000
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 lease brokerage business 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
Networking Membership Fees Optional $0 $250
Business Signage ➜ Optional $75 $2,486
Direct Campaigns, Printing and Mailing Optional $0 $300
Affiliate Marketing Commission & Fees Optional $0 $250
Influencer Marketing Optional $0 $750
Google Ads Optional $0 $300
Facebook & Instagram Ads Optional $0 $350

Training & Education Expenses

Cost Required? Min Cost Max Cost
Consulting fees Optional $0 $1,000

Pat Walls,  Founder of Starter Story
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