The cost to start a tree service business is substantial, ranging from $10,000 to $50,000. The startup costs include getting a business license, auto insurance, umbrella insurance, workers’ compensation insurance, and liability insurance. You will also need equipment such as trucks, ladders, and wood chippers. Other expenses will include a computer, accounting software, and a professional website. You may also want to consider additional startup costs, such as marketing and hiring a team of workers.
The next step in starting a tree service business is hiring staff. You will need to pay a minimum wage of $10 per hour for technicians, and you’ll need about $21,000 to $49,000 a year. Additionally, you’ll need to purchase safety equipment and gas, and you must account for the depreciation of your vehicles and equipment. You’ll also need to invest in advertising and licensing costs to promote your services.
You’ll also need to pay rent. Depending on your location, you may need to invest anywhere from $80,000 to $49,000 per month. But in Florida, you’ll be lucky if you can find a space for less than $1,000 a month. You’ll also need to hire an arborist to perform the work. The cost of starting a tree service business is relatively low. You’ll need a small amount of money for initial expenses and marketing.