Projected Start-up Costs
Although it is possible to start a bed and breakfast without a big capital
investment, there are some important start-up costs one must consider.
A major factor is whether or not you already own a building suitable for
a bed and breakfast. The projections here assume that a building is completely
paid for. Otherwise, you will need to include a house payment in these
projections. Keep in mind, these costs are only estimates. Your expenses
could be greater or less. But its a good idea to ALWAYS plan for
more than you expect!
| Item |
|
|
|
|
| Furnishings and renovation (electrical,furnishings,plumbing painting and landscaping) | $8,000 | 10 years | $800 | $66.66 |
| Matresses,sheets,blankets etc | $1,500 | 5 years | $300 | $25.00 |
| Smoke Detectors | $200 | 5 years | $40 | $3.88 |
| Directional Road Signage | $1,500 | 5 years | $300 | $25.00 |
| Front Entrance Sign | $500 | 5 years | $100 | $8.33 |
| Legal Fees,Permits,Licenses | $400 | |||
| Promotion and Advertising | $1,200 | |||
| Business Supplies | $200 | |||
| Kitchen Equipment | $400 | |||
| Petty Cash | $100 | |||
| Total | $14,000 | $1,540 | $128.87 |
Use
this to chart your own start up expenses:
| Item | Expected Cost | Expected Life | Annual | Monthly |
| Furnishings and renovation (electrical,furnishings,plumbing painting and landscaping) | ||||
| Matresses,sheets,blankets etc | ||||
| Smoke Detectors | ||||
| Directional Road Signage | ||||
| Front Entrance Sign | ||||
| Legal Fees,Permits,Licenses | ||||
| Promotion and Advertising | ||||
| Business Supplies | ||||
| Kitchen Equipment | ||||
| Petty Cash | ||||
| Total |