Do the math
Compare what you keep on commission with what you keep after rent, product, card fees, booking software, insurance, and self-employment tax.
Comfortable weekly rent
$212–$319
The middle, $266 a week, still matches commission if about 17 of your clients follow you. The top of the range, $446 a week, is the rent where the full book takes home the same as commission.
Commission, this year
$33,246
After payroll tax. Before income tax.
Renting at the middle, this year
$41,314
After self-employment tax. Before income tax.
Cash before you sign
$2,801
A deposit and the first month at the middle, plus $500 in opening product.
Weekly tax set-aside
$251–$301
25 to 30 percent of profit at the middle rent. Income tax is not taken out of the yearly numbers.
This is only an estimate. It is not tax, legal, or financial advice. Rent is charged for all 52 weeks. The book uses the weeks you actually work. Your lease, deposit, and what is included are between you and the owner.
