For small businesses, utilities include the following: It also helps to define what we mean by “utility.” Some are energy-related, but not all. For instance, energy expenses from major appliances will probably be higher for a restaurant than a retailer, and a florist is bound to use more water than an accounting firm. But how much utilities cost for a business like yours will depend on your industry and the specific nature of your work. Lighting and HVAC systems tend to be two of the biggest factors for most companies. The average cost of utilities in a commercial building, specifically with regard to energy consumption, is $2.14 per square foot. Understanding the typical utilities cost for businesses That information can make you nimbler and better able to improve efficiency and find savings - from month to month and season to season. Especially if you’re trying to get a startup off the ground, knowing the typical utilities cost for businesses like yours will be critical to the success of your business plan.īut even if you’ve been in operation for years, it’s a good idea to get a handle on what your business utility costs are. And utilities make up a big part of that overhead. As a small-business owner, you know that making a profit has a lot to do with how you manage expenses.
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