{"id":20,"date":"2020-04-23T18:37:53","date_gmt":"2020-04-23T18:37:53","guid":{"rendered":"http:\/\/trustedstay.in\/blog\/?p=20"},"modified":"2020-06-10T03:40:09","modified_gmt":"2020-06-10T03:40:09","slug":"how-to-work-out-break-even-cost","status":"publish","type":"post","link":"https:\/\/www.trustedstay.in\/blog\/serviced-apartments\/how-to-work-out-break-even-cost\/","title":{"rendered":"How to calculate break even point for service apartment business"},"content":{"rendered":"<p>Do you want to avoid the regret of having missed out on certain key expenses before starting a serviced apartment business?<br \/>\n<!--more--><br \/>\n<div class='code-block code-block-2' style='margin: 8px 0; clear: both;'>\n<script type=\"text\/javascript\" language=\"javascript\">\n      var aax_size='728x90';\n      var aax_pubname = 'trustedstay-21';\n      var aax_src='302';\n    <\/script>\n    <script type=\"text\/javascript\" language=\"javascript\" src=\"https:\/\/c.amazon-adsystem.com\/aax2\/assoc.js\"><\/script><\/div>\n<\/p>\n<h2><strong>My Pain\u2026<\/strong><\/h2>\n<p>Have I considered all the expenses that could occur while running a <a href=\"https:\/\/www.trustedstay.com\" target=\"_blank\" rel=\"noopener noreferrer\">serviced apartment<\/a>?<\/p>\n<h2><strong>My experience\u2026<\/strong><\/h2>\n<p>No matter what brainstorming you do, you will surely stumble across certain things that you had missed out in your initial stage calculations. I have tried to jot down all possible expenses that would help you determine the breakeven cost and hence the right <a href=\"https:\/\/www.trustedstay.in\/blog\/serviced-apartments\/how-to-price-a-room\/\" target=\"_blank\" rel=\"noopener noreferrer\">room rate<\/a> of a <a href=\"https:\/\/www.trustedstay.in\/blog\/serviced-apartments\/how-to-start-a-service-apartment-business\/\" target=\"_blank\" rel=\"noopener noreferrer\">service apartment<\/a><\/p>\n<ol>\n<li>Rent- Monthly cost of Flats\/House<\/li>\n<li><a href=\"https:\/\/www.trustedstay.in\/blog\/serviced-apartments\/manpower-recruitment-retention\/\" target=\"_blank\" rel=\"noopener noreferrer\">Manpower<\/a> Salary-\n<ol>\n<li>Cook<\/li>\n<li>Housekeeping :<\/li>\n<li>Security :<\/li>\n<li>Maali :<\/li>\n<\/ol>\n<\/li>\n<li>Utility-\n<ol>\n<li>Electricity<\/li>\n<li>Internet<\/li>\n<li>Telephone<\/li>\n<li>Cable TV<\/li>\n<li>Gas<\/li>\n<li>Garbage Collection<\/li>\n<li>Mineral water<\/li>\n<\/ol>\n<\/li>\n<li>Miscellaneous\n<ol>\n<li>Books &amp; Periodicals : News paper, Magazines<\/li>\n<li>Postage:<\/li>\n<li>Print &amp; Stationary:<\/li>\n<li>Staff welfare:<\/li>\n<li>Conveyance:<\/li>\n<li>Repair&amp; Maintenance\/AMC:<\/li>\n<li>Water Tanker:<\/li>\n<li>Diesel for generator:<\/li>\n<li>Staff Food Expense:<\/li>\n<li>Donation:<\/li>\n<li>Pest Control:<\/li>\n<li>Laundry:<\/li>\n<li>Housekeeping stuff: Phenyl, Odonil, Vim, Harpic, Surf, Scotch bright, Broom, Mop, Room refreshner, Mosquito repellent, Paper Napkins, Paper rolls, Dusters &amp; Toilet Brush<\/li>\n<li>Replacement : Towels (amortise over a period of every 6 months), Bed linen &amp; Pillow covers ( amortise over a period of 1 year) whitewash ( amortise over 2 years) Curtains (amortise over a period of 3 years)<\/li>\n<\/ol>\n<\/li>\n<li>Statutory cost: Auditor fee &amp; Accounting charges<\/li>\n<li>Marketing Cost:\n<ol>\n<li><a href=\"https:\/\/www.trustedstay.in\/blog\/serviced-apartments\/marketing-ideas-for-small-business\/\" target=\"_blank\" rel=\"noopener noreferrer\">Marketing<\/a> executive ( sal, travel, Telephone)<\/li>\n<li><a href=\"https:\/\/www.trustedstay.in\/blog\/serviced-apartments\/inflight-print-ad-campaigns-effectiveness\/\" target=\"_blank\" rel=\"noopener noreferrer\">Advertisement<\/a> expenses ( Social media, Google)<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<h2><strong>My Conclusion\u2026<\/strong><\/h2>\n<p>Not only should the owner be hands-on and up to date on this calculation but also his Manager\/Supervisor should know these costs so that they can take decision independently. To get the exhaustive Break even costing excel sheet put your request in the comment box below.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do you want to avoid the regret of having missed out on certain key expenses before starting a serviced apartment business?<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20","post","type-post","status-publish","format-standard","hentry","category-serviced-apartments"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to calculate break even point for service apartment business | Blog | TrustedStay<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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