You must budget at least $10,000 to get your window tinting business up and running. But if you intend to start a standard window tinting business with several business offerings and over a handful of employees, you should be prepared to spend well over $50,000
Window tinting business is one of those businesses that can be started on a very small scale, on a street corner, or on a larger scale from a standard workshop facility. Interestingly, window tinting businesses serve a wide range of clientele base.
A window tinting business is a service-oriented enterprise that specializes in applying window film or tint to various types of windows, typically in vehicles, homes, and commercial buildings.
Window tinting businesses can be lucrative, as the service is in demand for both practical and aesthetic reasons. As a matter of fact, statistics have it that the global demand for window tinting is on the increase.
For instance, vehicle window tinting, residential window tinting, commercial window tinting, security window film, decorative window film, and anti-graffiti film markets are becoming popular and growing rapidly.
This is no wonder those offering the window tinting business find it challenging to fully handle all the demands. In this article, we will look at some major factors that can influence the cost of starting a window tinting business.
Factors That Influence the Cost of Opening a Window Tinting Business
Your Choice of Location
When we talk of the location of the business, we are not just talking of the physical address of the business, but we are talking of everything that a location of the business brings.
Of course, you know that the location of a business will determine how much rent or lease you will pay, it will determine how much you will spend on labor, operational costs and utilities, et al.
For example, if you lease a facility for your window tinting business that is far away from your source of supplies, then you will spend more in transporting the supplies you will need to operate the business.
The Choice of Facility
Although, a window tinting business can be started from just a street corner, but in order to start a standard window tinting business, you are expected to rent, or lease a facility or workshop that comes with a storage space for your materials, tools, equipment, and supplies. Trust me, in order to get a facility that is big enough, you must be ready to spend extra money.
Your Budget for Equipment, Tools, and Supplies
Before you can start a window tinting business, you should create a budget to purchase window tint film, window tint installation tools (squeegee, hard card, heat gun), razor blades and holders, soapy water solution (for cleaning, and application),
Cutting mat and knife, tint film applicator, tint film storage and organization system, a heat lamp or heat box, measuring tape, safety equipment (gloves, safety glasses, respirator), worktables, utility knife, and blades,
Cleaning supplies (microfiber cloths, cleaning solution), workbenches and cutting surfaces, portable work light, business license, and insurance, marketing materials (business cards, brochures, website), invoices and billing system, computer and software (for design and administrative tasks), and mobile transportation for on-site jobs (optional).
Note that the quality and quantity of the equipment, tools, and supplies you plan to buy will to a large extent influence the amount you will spend in this regard.
You cannot legally start a window tinting business in the United States of America without having the basic licenses, and permits.
Licenses and permits such as business licenses, trade name registration, zoning permits, environmental permits, health and safety permits, fire department permits,
Air quality permits, hazardous materials permits (if applicable), building permits (for facility modifications), waste disposal permit (if applicable) and signage permits (for storefronts).
Note that there might be other permits or licenses that are unique to the city or state you want to start your window tinting business hence you should make your enquiries from the nearest local government or county office.
Your Budget for Training and Education
Window tinting is a technical skill or a trade that requires one to undergo training before they can perform window tinting.
The whole idea is that if you are looking to start a window tinting business, then you should have a budget for training and education.
This is so because the window tinting business requires specialized training and skills and the amount you will spend to acquire window tinting skills can significantly influence the overall cost of starting the business.
For instance, every window tinting business owner is expected to undergo apprentice programs where they are expected to get hands-on experience that covers how to handle all the required tools and equipment needed for window tinting, and the window tinting application process at al.
Your Budget for Insurance
The need for insurance for a business is not just all about complying with state regulations, but actually protecting the business owner, and the business from claims, accidents, and unforeseen events that can ruin the business.
In essence, if you are planning to start a window tinting business, then you must make plans to purchase at least some of the basic insurance coverage for a window tinting business.
Insurance policy coverage such as general liability insurance, professional liability insurance (errors and omissions), commercial property insurance, business interruption insurance, workers’ compensation insurance,
Equipment breakdown insurance, employment practices liability insurance, and environmental liability insurance are some of the insurance coverages you should consider or you can speak an insurance broker to access the risk your business will be exposed to and the type of coverage you will need.
Your Budget for Marketing and Branding
If you are planning to start a window tinting business, then you must create a robust budget for marketing and branding that covers your website, the designing of a logo, printing your business cards, and other promotional materials.
Although there may not be any specific cost attached to marketing and advertising a business, the bottom line is that if you want to launch a window tinting business that will continue to attract customers in and around the location of your business, then you must be prepared to invest a significant amount to promote your window tinting business.
Your Budget for Staff and Labor
Getting started with the window tinting business means that you must be ready to hire competent people who would help carry out the day-to-day activities. This also depends on the scale at which you want to start the business.
If you choose to start on a small scale, you might want to hire one person or two. If it is on a big scale then you might want to higher more hands to get the job done on time.
Take note that on whatever scale you opt to start on, you cannot start out alone. You will always need experienced people or apprentices to work with you and you will be required to pay them.
Lastly, if you are planning to start a window tinting business, then you must create a budget for miscellaneous. When we talk about miscellaneous for a window tinting business, we are talking of a budget that covers your utilities, unexpected expenses, waste disposal, and the transportation of your supplies and levies, etc. Your budget for miscellaneous might depend on the extra money that the owner of the business has to spare.