Startup Costs

Start A Medical Transportation Business

Startup Costs

Wondering how much it costs to start a medical transportation business?

  • The minimum startup costs for a medical transportation business: $2,154
  • The maximum startup costs for a medical transportation business: $43,232
  • The average startup costs for a medical transportation business: $22,768

Here's a detailed list of a medical transportation business startup costs:

Retail Business Expenses

If you plan to have a brick & mortar location for your medical transportation 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 medical transportation 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
Utilities (storefront business) $0 $1,000
Building improvements and remodeling $0 $950
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
Trademarking $0 $700
Lawyer Fees $0 $1,500
Set up business: LLC & Corporations $50 $500

Software Expenses

Your medical transportation 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
Project Management Software $0 $25
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 medical transportation 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

Equipment & Supply Expenses

Starting a medical transportation 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
Uniforms $0 $500

Vehicle Expenses

Cost Min Startup Costs Max Startup Costs
Mode of Transporation $0 $10,000
Commute cost $2 $4

Inventory Expenses

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

Cost Min Startup Costs Max Startup Costs
Inventory Storage $0 $5,000

Training & Education Expenses

Cost Min Startup Costs Max Startup Costs
Online Learning Sites $0 $1,000
Consulting fees $0 $1,000

Other Expenses

Cost Min Startup Costs Max Startup Costs
Travel $0 $1,500
Credit Card Processing Fees $0 $300

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
A Domain Name ➜ $12 $200
Business Email Hosting Service ➜ $1 $15

Advertising & Marketing Costs

Cost Min Startup Costs Max Startup Costs
Business Signage ➜ $75 $2,486