Small Business Service Price Calculator

This small business service price calculator helps you know what to charge for a given project. Don’t overcharge and lose business. Don’t charge too little and lose money

What is a small business service price calculator?

A small business service price calculator is an online tool used to estimate the cost of small business services. You’ll typically need to enter info like labor costs, material costs, overhead expenses, and desired profit margin. This allows you to determine the total price charged for small business services.

Who uses a small business service price calculator?

A small business service price calculator is used by various pros within the small business industry. Plumbers, contractors, project managers, and business owners use it to accurately price their services. Clients and consumers may also use it to estimate costs before pulling the trigger on small business projects or services.

What information do you include in a small business service price calculator?

To effectively use a small business service price calculator, you’ll need to factor in labor costs, material costs, overhead expenses, and desired profit.

For labor costs, you’ll need to input the following info:

1. Number of workers

2. Hours to complete the job

3. Average hourly pay

You’ll then be required to enter the material costs, which includes the total cost of supplies used for the job. 

Once material costs are entered, you’ll need to determine overhead expenses using the following info:

1. All monthly expenses

2. Working hours each month

3. Hours to complete the job

Lastly, calculate profit—that’s the amount your business gets to keep after costs and expenses.

The formulas used in the calculator are:

1. Labor Costs: Number of Workers × Hours to Complete the Job × Average Hourly Pay

2. Overhead Expenses: (All Monthly Expenses / Working Hours Each Month) × Hours to Complete the Job

3. Service Price: Labor Costs + Material Costs + Overhead Expenses + Profit (in Cost)

4. Profit %: Profit (in Cost) / (Labor Costs + Material Costs + Overhead Expenses) × 100

5. Markup %: ((Service Price – (Labor Costs + Material Costs + Overhead Expenses)) / (Labor Costs + Material Costs + Overhead Expenses)) × 100

Example:

1. Labor Costs =  10*10*10  = 1000

2. Overhead Expenses = (2000/10)*10 = 2000

3. Service Price = 1000+10+2000+1000 = 4010

4. Profit % = (1000/(1000+10+2000))*100 = 33.22%

5. Markup % = ((4010-(1000+10+2000))/(1000+10+2000))*100 = 33%