Question 1

How much does it cost to start a construction business?

Accepted Answer

Starting a general contracting business costs $30,000–$291,000 depending on state licensing, bonding ($500–$5,000/yr), general liability insurance ($1,200–$5,000/yr), equipment, and working capital. California, Florida, and New York have the most stringent requirements.

Question 2

How much does it cost to open a franchise?

Accepted Answer

Franchise startup costs range from $50,000 (home-based service) to $4M+ (full QSR). The initial franchise fee ($10K–$50K) is only part of total investment — buildout, equipment, and working capital are the major costs. All disclosed in the FDD.

Question 3

How much does it cost to start a medical practice?

Accepted Answer

Medical practice startup costs range from $60,000 to $771,000+. Major cost drivers: malpractice insurance ($5K–$50K/yr), medical equipment ($10K–$400K), EHR software ($2K–$20K), office space, and state licensing fees.

Question 4

How much does it cost to start a law firm?

Accepted Answer

Starting a solo law practice costs $8,600–$128,000. Key costs: bar exam fees ($500–$2,000), malpractice insurance ($1,200–$10,000/yr), case management software ($600–$3,600/yr), and 6 months working capital.

Question 5

How much does a real estate license cost?

Accepted Answer

Getting a real estate license costs $2,000–$8,000 including pre-license education ($200–$1,000), exam fees ($100–$400), NAR membership ($150–$800/yr), MLS access ($200–$1,200/yr), and E&O insurance ($500–$5,000/yr). Opening a full brokerage costs $8,000–$90,000+.

Industry Startup Cost Estimator