{"product_id":"bullion-dealing-startup-costs","title":"Bullion Dealer Startup Costs: $300K CAPEX And $654K Cash Need","description":"\u003cdiv class=\"card_smpl\"\u003e\n\n\u003cdiv class=\"double_border\"\u003e\n\n\u003cdiv class=\"card_smpl_header\"\u003e\n\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-plus-icon.svg\" alt=\"Key Takeaways\" class=\"icon_how_to_use\"\u003e\n\n\u003ch3\u003eKey Takeaways\u003c\/h3\u003e\n\n\u003c\/div\u003e\n\n\u003cul class=\"lst_crct_blog\"\u003e\n\n\u003cli\u003eInventory funding will likely be your biggest startup cost.\u003c\/li\u003e\n\n\u003cli\u003eVault, security, and buildout are separate CAPEX buckets.\u003c\/li\u003e\n\n\u003cli\u003eRecurring compliance, rent, and monitoring hit monthly cash.\u003c\/li\u003e\n\n\u003cli\u003ePrice swings and shrinkage make cash float critical.\u003c\/li\u003e\n\n\u003c\/ul\u003e\n\n\u003c\/div\u003e\n\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\n\n\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eEstimate Startup Costs with Calculator\u003c\/span\u003e\u003c\/h2\u003e\n\u003csection class=\"fml-capex-calculator\" aria-label=\"Bullion Dealing Business Startup CAPEX Calculator\" data-locale=\"en-US\" data-currency=\"USD\" data-default-scenario=\"base\" data-export-filename=\"Startup CAPEX calculator.xlsx\" data-source-site-name=\"Financial Models Lab\" data-source-site-url=\"https:\/\/financialmodelslab.com\" data-source-page-title=\"Bullion Dealing Business Startup CAPEX Calculator\" data-note-title=\"Excluded from CAPEX\" data-note-text=\"This calculator covers capitalized startup assets only. It excludes initial bullion inventory, trading cash float, payroll runway, rent deposits, debt service, working capital, recurring insurance, and monthly monitoring unless you capitalize them separately.\"\u003e\u003cdiv class=\"fml-capex-card\"\u003e\n\u003cheader class=\"fml-capex-header\"\u003e\u003cdiv class=\"fml-capex-heading\"\u003e\n\u003cp class=\"fml-capex-eyebrow\"\u003eStartup CAPEX Calculator\u003c\/p\u003e\n\u003cp class=\"fml-capex-intro\"\u003eEstimates capitalized startup assets only, before opening, for a bullion dealing business.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-capex-scenarios\" aria-label=\"Scenario presets\"\u003e\n\u003cbutton class=\"fml-capex-scenario\" type=\"button\" data-scenario=\"lean\"\u003eLean\u003c\/button\u003e\u003cbutton class=\"fml-capex-scenario is-active\" type=\"button\" data-scenario=\"base\"\u003eBase\u003c\/button\u003e\u003cbutton class=\"fml-capex-scenario\" type=\"button\" data-scenario=\"full\"\u003eFull\u003c\/button\u003e\n\u003c\/div\u003e\u003c\/header\u003e\u003cdiv class=\"fml-capex-layout\"\u003e\n\u003cform class=\"fml-capex-inputs\"\u003e\n\u003cdiv class=\"fml-capex-row\"\u003e\n\u003clabel class=\"fml-capex-label\"\u003e\u003cspan\u003eSecure vault and controlled access\u003c\/span\u003e\u003csmall\u003eHigh-security vault buildout, access control, and secure entry protection.\u003c\/small\u003e\u003c\/label\u003e\u003cdiv class=\"fml-capex-money\"\u003e\n\u003cspan\u003e$\u003c\/span\u003e\u003cinput data-capex-field=\"secure_vault_and_controlled_access\" data-capex-kind=\"money\" data-capex-label=\"Secure vault and controlled access\" data-capex-note=\"High-security vault buildout, access control, and secure entry protection.\" data-lean=\"60000\" data-base=\"75000\" data-full=\"95000\" name=\"secure_vault_and_controlled_access\" type=\"text\" inputmode=\"numeric\" value=\"75,000\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-capex-row\"\u003e\n\u003clabel class=\"fml-capex-label\"\u003e\u003cspan\u003eE-commerce platform build\u003c\/span\u003e\u003csmall\u003eCustomer order flow, quote handling, and launch build for online sales.\u003c\/small\u003e\u003c\/label\u003e\u003cdiv class=\"fml-capex-money\"\u003e\n\u003cspan\u003e$\u003c\/span\u003e\u003cinput data-capex-field=\"ecommerce_platform_build\" data-capex-kind=\"money\" data-capex-label=\"E-commerce platform build\" data-capex-note=\"Customer order flow, quote handling, and launch build for online sales.\" data-lean=\"90000\" data-base=\"120000\" data-full=\"150000\" name=\"ecommerce_platform_build\" type=\"text\" inputmode=\"numeric\" value=\"120,000\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-capex-row\"\u003e\n\u003clabel class=\"fml-capex-label\"\u003e\u003cspan\u003eSecurity surveillance system\u003c\/span\u003e\u003csmall\u003eCameras, alarms, and monitored security hardware for asset protection.\u003c\/small\u003e\u003c\/label\u003e\u003cdiv class=\"fml-capex-money\"\u003e\n\u003cspan\u003e$\u003c\/span\u003e\u003cinput data-capex-field=\"security_surveillance_system\" data-capex-kind=\"money\" data-capex-label=\"Security surveillance system\" data-capex-note=\"Cameras, alarms, and monitored security hardware for asset protection.\" data-lean=\"25000\" data-base=\"35000\" data-full=\"45000\" name=\"security_surveillance_system\" type=\"text\" inputmode=\"numeric\" value=\"35,000\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-capex-row\"\u003e\n\u003clabel class=\"fml-capex-label\"\u003e\u003cspan\u003eOffice and showroom furnishings\u003c\/span\u003e\u003csmall\u003eClient-facing space setup, display fixtures, and reception furnishings.\u003c\/small\u003e\u003c\/label\u003e\u003cdiv class=\"fml-capex-money\"\u003e\n\u003cspan\u003e$\u003c\/span\u003e\u003cinput data-capex-field=\"office_and_showroom_furnishings\" data-capex-kind=\"money\" data-capex-label=\"Office and showroom furnishings\" data-capex-note=\"Client-facing space setup, display fixtures, and reception furnishings.\" data-lean=\"30000\" data-base=\"45000\" data-full=\"60000\" name=\"office_and_showroom_furnishings\" type=\"text\" inputmode=\"numeric\" value=\"45,000\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-capex-row\"\u003e\n\u003clabel class=\"fml-capex-label\"\u003e\u003cspan\u003eIT infrastructure and servers\u003c\/span\u003e\u003csmall\u003eComputers, servers, network gear, and core business systems.\u003c\/small\u003e\u003c\/label\u003e\u003cdiv class=\"fml-capex-money\"\u003e\n\u003cspan\u003e$\u003c\/span\u003e\u003cinput data-capex-field=\"it_infrastructure_and_servers\" data-capex-kind=\"money\" data-capex-label=\"IT infrastructure and servers\" data-capex-note=\"Computers, servers, network gear, and core business systems.\" data-lean=\"15000\" data-base=\"25000\" data-full=\"40000\" name=\"it_infrastructure_and_servers\" type=\"text\" inputmode=\"numeric\" value=\"25,000\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-capex-row\"\u003e\n\u003clabel class=\"fml-capex-label\"\u003e\u003cspan\u003eContingency Reserve\u003c\/span\u003e\u003csmall\u003eCovers scope creep, vendor overruns, and small launch changes.\u003c\/small\u003e\u003c\/label\u003e\u003cdiv class=\"fml-capex-percent\"\u003e\n\u003cinput data-capex-field=\"contingency_reserve\" data-capex-kind=\"percent\" name=\"contingency_reserve\" type=\"range\" min=\"0\" max=\"20\" step=\"1\" data-lean=\"5\" data-base=\"10\" data-full=\"15\" value=\"10\"\u003e\u003coutput data-capex-output=\"contingencyValue\"\u003e10%\u003c\/output\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/form\u003e\n\u003caside class=\"fml-capex-results\" aria-live=\"polite\"\u003e\u003cspan class=\"fml-capex-tag\"\u003eStartup CAPEX\u003c\/span\u003e\u003cdiv class=\"fml-capex-total\"\u003e\n\u003cspan\u003eTotal startup CAPEX\u003c\/span\u003e\u003cstrong data-capex-output=\"totalCapex\"\u003e$330,000\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdl class=\"fml-capex-result-list\"\u003e\n\u003cdiv\u003e\n\u003cdt\u003eSubtotal before contingency\u003c\/dt\u003e\n\u003cdd data-capex-output=\"subtotal\"\u003e$300,000\u003c\/dd\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cdt\u003eContingency amount\u003c\/dt\u003e\n\u003cdd data-capex-output=\"contingencyAmount\"\u003e$30,000\u003c\/dd\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cdt\u003eLargest cost driver\u003c\/dt\u003e\n\u003cdd data-capex-output=\"largestDriver\"\u003eE-commerce platform build\u003c\/dd\u003e\n\u003c\/div\u003e\n\u003c\/dl\u003e\n\u003cdiv class=\"fml-capex-chart\" aria-label=\"CAPEX cost category breakdown\"\u003e\n\u003cdiv class=\"fml-capex-bar-row\"\u003e\n\u003cspan\u003eVault\u003c\/span\u003e\u003cdiv\u003e\u003ci data-capex-bar=\"secure_vault_and_controlled_access\" style=\"--fml-capex-share: 25%;\"\u003e\u003c\/i\u003e\u003c\/div\u003e\n\u003cb data-capex-share=\"secure_vault_and_controlled_access\"\u003e25%\u003c\/b\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-capex-bar-row\"\u003e\n\u003cspan\u003ePlatform\u003c\/span\u003e\u003cdiv\u003e\u003ci data-capex-bar=\"ecommerce_platform_build\" style=\"--fml-capex-share: 40%;\"\u003e\u003c\/i\u003e\u003c\/div\u003e\n\u003cb data-capex-share=\"ecommerce_platform_build\"\u003e40%\u003c\/b\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-capex-bar-row\"\u003e\n\u003cspan\u003eSecurity\u003c\/span\u003e\u003cdiv\u003e\u003ci data-capex-bar=\"security_surveillance_system\" style=\"--fml-capex-share: 12%;\"\u003e\u003c\/i\u003e\u003c\/div\u003e\n\u003cb data-capex-share=\"security_surveillance_system\"\u003e12%\u003c\/b\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-capex-bar-row\"\u003e\n\u003cspan\u003eFurnishings\u003c\/span\u003e\u003cdiv\u003e\u003ci data-capex-bar=\"office_and_showroom_furnishings\" style=\"--fml-capex-share: 15%;\"\u003e\u003c\/i\u003e\u003c\/div\u003e\n\u003cb data-capex-share=\"office_and_showroom_furnishings\"\u003e15%\u003c\/b\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-capex-bar-row\"\u003e\n\u003cspan\u003eIT\u003c\/span\u003e\u003cdiv\u003e\u003ci data-capex-bar=\"it_infrastructure_and_servers\" style=\"--fml-capex-share: 8%;\"\u003e\u003c\/i\u003e\u003c\/div\u003e\n\u003cb data-capex-share=\"it_infrastructure_and_servers\"\u003e8%\u003c\/b\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"fml-capex-export\" type=\"button\" data-capex-export\u003eEXPORT XLSX\u003c\/button\u003e\u003c\/aside\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-capex-note\"\u003e\n\u003cspan class=\"fml-capex-note-icon\" aria-hidden=\"true\"\u003e!\u003c\/span\u003e\u003cp\u003e\u003cstrong\u003eExcluded from CAPEX\u003c\/strong\u003e This calculator covers capitalized startup assets only. It excludes initial bullion inventory, trading cash float, payroll runway, rent deposits, debt service, working capital, recurring insurance, and monthly monitoring unless you capitalize them separately.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003c\/section\u003e\u003cbr\u003e\u003cdiv class=\"container_new_design_blog\"\u003e\n\n\u003cdiv class=\"text-section_blog text-2_new_design_blog\"\u003e\n\n\u003cdiv class=\"line_top_blog\"\u003e\u003cbr\u003e\u003c\/div\u003e\n\n\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eWhat does the CAPEX view show?\u003c\/span\u003e\u003c\/h3\u003e\n\n\u003cp\u003eThis \u003ca href=\"\/products\/bullion-dealing-financial-model\"\u003eBullion Dealing Business Financial Model Template\u003c\/a\u003e \u003cstrong\u003eCAPEX tab\u003c\/strong\u003e shows startup costs, timing, and depreciation; review assumptions now.\u003c\/p\u003e\n\n\u003ch4\u003eScreenshot highlights\u003c\/h4\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eMonths 1–6 launch timing\u003c\/li\u003e\n\u003cli\u003e$300k CAPEX, amortization\u003c\/li\u003e\n\u003cli\u003eWorking capital, inventory, float\u003c\/li\u003e\n\u003cli\u003eMonth 4 breakeven, $654k cash\u003c\/li\u003e\n\u003cli\u003e17-month payback, $92k EBITDA\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003c\/div\u003e\n\n\u003cdiv class=\"image-section_blog image-2_new_design_blog\"\u003e\n\n\u003cdiv class=\"preview-card\" data-preview-src=\"\/cdn\/shop\/files\/bullion-dealing-financial-model-capex-financialmodelslab_b3ecb74c-ab2f-4713-b36b-4f9c69685751.webp\"\u003e\n\u003cimg class=\"preview-img\" width=\"100%\" height=\"auto\" src=\"\/cdn\/shop\/files\/bullion-dealing-financial-model-capex-financialmodelslab_b3ecb74c-ab2f-4713-b36b-4f9c69685751.webp?width=500\" alt=\"Bullion Dealing Business Financial Model capex inputs showing capital expenditure categories and timing, letting users customize asset purchases, investment schedules and depreciation for 5-year planning.\"\u003e\n\u003cdiv class=\"preview-overlay\"\u003e\n\u003cbutton class=\"preview-btn\" type=\"button\" style=\"align-items: center; vertical-align: middle; display: inline-flex; justify-content: center; gap: 6px; line-height: 1;\"\u003e\nPREVIEW \u003csvg fill=\"#fff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\" role=\"presentation\" viewbox=\"0 0 448 512\" width=\"14\"\u003e\u003cpath d=\"M416 176V86.63L246.6 256L416 425.4V336c0-8.844 7.156-16 16-16s16 7.156 16 16v128c0 8.844-7.156 16-16 16h-128c-8.844 0-16-7.156-16-16s7.156-16 16-16h89.38L224 278.6L54.63 448H144C152.8 448 160 455.2 160 464S152.8 480 144 480h-128C7.156 480 0 472.8 0 464v-128C0 327.2 7.156 320 16 320S32 327.2 32 336v89.38L201.4 256L32 86.63V176C32 184.8 24.84 192 16 192S0 184.8 0 176v-128C0 39.16 7.156 32 16 32h128C152.8 32 160 39.16 160 48S152.8 64 144 64H54.63L224 233.4L393.4 64H304C295.2 64 288 56.84 288 48S295.2 32 304 32h128C440.8 32 448 39.16 448 48v128C448 184.8 440.8 192 432 192S416 184.8 416 176z\"\u003e\u003c\/path\u003e\u003c\/svg\u003e\n\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\n\n\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eHow Much Bullion Inventory Does A Dealer Need?\u003c\/span\u003e\u003c\/h2\u003e\u003cbr\u003e\n\u003cp\u003e\u003cstrong\u003eBullion inventory\u003c\/strong\u003e for the \u003cstrong\u003eBullion Dealing Business\u003c\/strong\u003e is \u003cstrong\u003eworking capital\u003c\/strong\u003e, not CAPEX, so the dealer needs enough metal and enough cash to handle \u003cstrong\u003espot-linked price moves\u003c\/strong\u003e and seller buybacks. With a Year 1 mix of \u003cstrong\u003e60% gold\u003c\/strong\u003e, \u003cstrong\u003e30% silver\u003c\/strong\u003e, and \u003cstrong\u003e10% platinum\u003c\/strong\u003e, source prices of \u003cstrong\u003e$2,450\u003c\/strong\u003e, \u003cstrong\u003e$32\u003c\/strong\u003e, and \u003cstrong\u003e$1,050\u003c\/strong\u003e put the weighted unit cost at about \u003cstrong\u003e$1,584.60\u003c\/strong\u003e, or \u003cstrong\u003e$3,169.20\u003c\/strong\u003e for a \u003cstrong\u003e2-unit order\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003e\u003cstrong\u003eInventory mix\u003c\/strong\u003e\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003e\n\u003cstrong\u003e60%\u003c\/strong\u003e gold drives value.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e30%\u003c\/strong\u003e silver adds volume.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e10%\u003c\/strong\u003e platinum rounds out demand.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e2 units\u003c\/strong\u003e per order lifts cash need.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003e\u003cstrong\u003eCash and flow\u003c\/strong\u003e\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003e\n\u003cstrong\u003e12%\u003c\/strong\u003e visitor-to-buyer conversion matters.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e15%\u003c\/strong\u003e repeat buyers deepen turnover.\u003c\/li\u003e\n\u003cli\u003eHold cash for seller payouts.\u003c\/li\u003e\n\u003cli\u003eBid-ask spread funds the business.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eHow Much Money Do You Need To Start A Bullion Dealing Business?\u003c\/span\u003e\u003c\/h2\u003e\u003cbr\u003e\n\u003cp\u003eYou need about \u003cstrong\u003e$654,000\u003c\/strong\u003e in minimum cash by \u003cstrong\u003eMonth 6\u003c\/strong\u003e for the base case, even though starting CAPEX is only \u003cstrong\u003e$300,000\u003c\/strong\u003e; see \u003ca href=\"\/blogs\/how-to-open\/bullion-dealing\"\u003eHow To Launch Bullion Dealing Business?\u003c\/a\u003e for the setup path. Month 1 fixed overhead is \u003cstrong\u003e$31,500\u003c\/strong\u003e, Year 1 payroll is \u003cstrong\u003e$390,000\u003c\/strong\u003e, and the plan shows Month 4 breakeven with \u003cstrong\u003e$1109 million\u003c\/strong\u003e Year 1 revenue as planning context, not a funding guarantee.\u003c\/p\u003e\n\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eBase Funding Need\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eCAPEX base model: \u003cstrong\u003e$300,000\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003cli\u003eMinimum cash need: \u003cstrong\u003e$654,000\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003cli\u003eCash peak timing: \u003cstrong\u003eMonth 6\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003cli\u003eMonth 1 fixed overhead: \u003cstrong\u003e$31,500\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eWhat Drives Capital\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eStart lean with appointments only\u003c\/li\u003e\n\u003cli\u003eFund staffed retail or office operations\u003c\/li\u003e\n\u003cli\u003eAdd more for high bullion inventory\u003c\/li\u003e\n\u003cli\u003eCover buyback float, security, compliance, runway\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eHow Do You Fund A Bullion Dealing Business?\u003c\/span\u003e\u003c\/h2\u003e\u003cbr\u003e\n\u003cp\u003eIf you’re funding a \u003cstrong\u003eBullion Dealing Business\u003c\/strong\u003e, start with a clear use-of-funds plan: \u003cstrong\u003e$300,000 CAPEX\u003c\/strong\u003e across Months 1 to 6, plus enough working cash to hold a \u003cstrong\u003e$654,000\u003c\/strong\u003e minimum balance in Month 6. Lenders will press on \u003cstrong\u003ecollateral\u003c\/strong\u003e, \u003cstrong\u003einsured storage\u003c\/strong\u003e, \u003cstrong\u003ecompliance controls\u003c\/strong\u003e, cash handling, and downside protection, so the funding ask has to match that risk profile. Here’s the quick math: the model’s \u003cstrong\u003eMonth 4 breakeven\u003c\/strong\u003e, \u003cstrong\u003e17-month payback\u003c\/strong\u003e, \u003cstrong\u003e1,437% IRR\u003c\/strong\u003e, and \u003cstrong\u003e8,464% ROE\u003c\/strong\u003e are scenario outputs, not promises, and the next step is financial projections after cost scoping.\u003c\/p\u003e\n\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eFunding asks\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003e\n\u003cstrong\u003e$300,000\u003c\/strong\u003e CAPEX in Months 1 to 6\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e$654,000\u003c\/strong\u003e cash floor in Month 6\u003c\/li\u003e\n\u003cli\u003eShow inventory turnover assumptions\u003c\/li\u003e\n\u003cli\u003eLink funding to gross margin logic\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eLender checks\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eProve insured storage and controls\u003c\/li\u003e\n\u003cli\u003eShow compliance and cash handling\u003c\/li\u003e\n\u003cli\u003eExplain collateral and downside protection\u003c\/li\u003e\n\u003cli\u003eUse projections after cost scoping\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eCalculate Fuding Needs\u003c\/span\u003e\u003c\/h2\u003e\n\u003csection class=\"fml-summary-static\" aria-label=\"Bullion Dealing Business Startup Cost Summary\" data-locale=\"en-US\" data-currency=\"USD\" data-default-scenario=\"base\" data-export-filename=\"Bullion Dealing Business Startup Cost Summary.xlsx\" data-site-name=\"Financial Models Lab\" data-site-url=\"https:\/\/financialmodelslab.com\" data-source-title=\"Bullion Dealing Business Startup Cost Summary\" data-source-url=\"\"\u003e\u003cdiv class=\"fml-summary-static-card\"\u003e\n\u003cheader class=\"fml-summary-static-header\"\u003e\u003cdiv\u003e\n\u003cp class=\"fml-summary-static-eyebrow\"\u003eStartup cost summary\u003c\/p\u003e\n\u003cp class=\"fml-summary-static-description\"\u003eThis table summarizes the main startup assets for a bullion dealing business plus the non-CAPEX cash runway needed to launch.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-summary-static-actions\"\u003e\n\u003cdiv class=\"fml-summary-static-scenarios\" aria-label=\"Highlight scenario\"\u003e\n\u003cbutton class=\"fml-summary-static-scenario\" type=\"button\" data-scenario=\"low\"\u003eLow\u003c\/button\u003e\u003cbutton class=\"fml-summary-static-scenario is-active\" type=\"button\" data-scenario=\"base\"\u003eBase\u003c\/button\u003e\u003cbutton class=\"fml-summary-static-scenario\" type=\"button\" data-scenario=\"high\"\u003eHigh\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"fml-summary-static-export\" type=\"button\" data-summary-export\u003eEXPORT XLSX\u003c\/button\u003e\n\u003c\/div\u003e\u003c\/header\u003e\u003csection class=\"fml-summary-static-metrics\" aria-live=\"polite\"\u003e\u003cdiv class=\"fml-summary-static-metric is-primary\"\u003e\n\u003cspan\u003eHighlighted CAPEX\u003c\/span\u003e\u003cstrong data-summary-metric=\"capex\"\u003e$300,000\u003c\/strong\u003e\u003csmall data-summary-metric=\"scenario\"\u003eBase planning example\u003c\/small\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-summary-static-metric is-warning\"\u003e\n\u003cspan\u003eExcluded cash needs\u003c\/span\u003e\u003cstrong data-summary-metric=\"working\"\u003e$654,000\u003c\/strong\u003e\u003csmall\u003eOutside CAPEX total\u003c\/small\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-summary-static-metric\"\u003e\n\u003cspan\u003eFunding need\u003c\/span\u003e\u003cstrong data-summary-metric=\"funding\"\u003e$954,000\u003c\/strong\u003e\u003csmall\u003eCAPEX + excluded cash needs\u003c\/small\u003e\n\u003c\/div\u003e\u003c\/section\u003e\u003cdiv class=\"fml-summary-static-table-wrap\"\u003e\u003ctable class=\"fml-summary-static-table\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth scope=\"col\"\u003eCost Category\u003c\/th\u003e\n\u003cth scope=\"col\" class=\"fml-summary-static-estimate-header\" data-summary-estimate-header\u003eBase Estimate\u003c\/th\u003e\n\u003cth scope=\"col\"\u003eMain Cost Driver\u003c\/th\u003e\n\u003cth scope=\"col\"\u003eCAPEX Calculator\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr data-summary-row data-low=\"65000\" data-base=\"75000\" data-high=\"90000\" data-capex=\"true\"\u003e\n\u003ctd\u003eHigh security vault installation and facility fit-out\u003c\/td\u003e\n\u003ctd class=\"fml-summary-static-estimate\" data-summary-value\u003e$75,000\u003c\/td\u003e\n\u003ctd class=\"fml-summary-static-driver\"\u003eVault buildout and secure facility improvements\u003c\/td\u003e\n\u003ctd\u003e\u003cspan class=\"fml-summary-static-pill\"\u003eYes\u003c\/span\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr data-summary-row data-low=\"100000\" data-base=\"120000\" data-high=\"145000\" data-capex=\"true\"\u003e\n\u003ctd\u003eE-commerce platform development\u003c\/td\u003e\n\u003ctd class=\"fml-summary-static-estimate\" data-summary-value\u003e$120,000\u003c\/td\u003e\n\u003ctd class=\"fml-summary-static-driver\"\u003eTrading platform build and launch scope\u003c\/td\u003e\n\u003ctd\u003e\u003cspan class=\"fml-summary-static-pill\"\u003eYes\u003c\/span\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr data-summary-row data-low=\"30000\" data-base=\"35000\" data-high=\"42000\" data-capex=\"true\"\u003e\n\u003ctd\u003eSecurity surveillance system\u003c\/td\u003e\n\u003ctd class=\"fml-summary-static-estimate\" data-summary-value\u003e$35,000\u003c\/td\u003e\n\u003ctd class=\"fml-summary-static-driver\"\u003eCamera coverage, monitoring, and access control\u003c\/td\u003e\n\u003ctd\u003e\u003cspan class=\"fml-summary-static-pill\"\u003eYes\u003c\/span\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr data-summary-row data-low=\"40000\" data-base=\"45000\" data-high=\"55000\" data-capex=\"true\"\u003e\n\u003ctd\u003eOffice and showroom furnishings\u003c\/td\u003e\n\u003ctd class=\"fml-summary-static-estimate\" data-summary-value\u003e$45,000\u003c\/td\u003e\n\u003ctd class=\"fml-summary-static-driver\"\u003eCustomer-facing setup and back-office fixtures\u003c\/td\u003e\n\u003ctd\u003e\u003cspan class=\"fml-summary-static-pill\"\u003eYes\u003c\/span\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr data-summary-row data-low=\"20000\" data-base=\"25000\" data-high=\"30000\" data-capex=\"true\"\u003e\n\u003ctd\u003eIT infrastructure and servers\u003c\/td\u003e\n\u003ctd class=\"fml-summary-static-estimate\" data-summary-value\u003e$25,000\u003c\/td\u003e\n\u003ctd class=\"fml-summary-static-driver\"\u003eNetwork, systems, and hosting hardware\u003c\/td\u003e\n\u003ctd\u003e\u003cspan class=\"fml-summary-static-pill\"\u003eYes\u003c\/span\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr class=\"is-excluded\" data-summary-row data-low=\"590000\" data-base=\"654000\" data-high=\"780000\" data-capex=\"false\"\u003e\n\u003ctd\u003eOperating runway reserve\u003c\/td\u003e\n\u003ctd class=\"fml-summary-static-estimate\" data-summary-value\u003e$654,000\u003c\/td\u003e\n\u003ctd class=\"fml-summary-static-driver\"\u003eMonth 6 cash trough, fixed overhead, and payroll\u003c\/td\u003e\n\u003ctd\u003e\u003cspan class=\"fml-summary-static-pill is-no\"\u003eNo\u003c\/span\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\u003c\/div\u003e\n\u003cfooter class=\"fml-summary-static-note\"\u003e\u003cspan class=\"fml-summary-static-note-icon\" aria-hidden=\"true\"\u003e!\u003c\/span\u003e\u003cp\u003e\u003cstrong\u003ePlanning note:\u003c\/strong\u003e Ranges reflect researched planning assumptions; non-CAPEX cash needs are excluded from startup assets.\u003c\/p\u003e\u003c\/footer\u003e\n\u003c\/div\u003e\u003c\/section\u003e\u003cbr\u003e\n\n\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eBullion Dealing Business Core Five Startup Costs\u003c\/span\u003e\u003c\/h2\u003e\u003cbr\u003e\u003cbr\u003e\n\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eInitial Bullion Inventory And Trading Float Startup Expense\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eMetal Float\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003e\u003cstrong\u003eInitial bullion inventory\u003c\/strong\u003e is usually the biggest launch cash need because the dealer must hold metal for sale and keep cash ready for customer buybacks. Treat it as \u003cstrong\u003einventory funding and working capital\u003c\/strong\u003e, not CAPEX. Use a Year 1 mix of \u003cstrong\u003e60% gold\u003c\/strong\u003e, \u003cstrong\u003e30% silver\u003c\/strong\u003e, and \u003cstrong\u003e10% platinum\u003c\/strong\u003e to size the float.\u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl_2\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-tips-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eCost Inputs\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eStart with spot-based unit values of \u003cstrong\u003e$2,450\u003c\/strong\u003e for gold, \u003cstrong\u003e$32\u003c\/strong\u003e for silver, and \u003cstrong\u003e$1,050\u003c\/strong\u003e for platinum. The weighted Year 1 unit value is about \u003cstrong\u003e$1,584.60\u003c\/strong\u003e using the 60\/30\/10 mix. For demand planning, use \u003cstrong\u003e12% visitor-to-buyer conversion\u003c\/strong\u003e, \u003cstrong\u003e2 units per order\u003c\/strong\u003e, and \u003cstrong\u003e15% repeat customers\u003c\/strong\u003e to size turnover.\u003c\/p\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eGold drives most dollars.\u003c\/li\u003e\n\u003cli\u003eSilver drives unit count.\u003c\/li\u003e\n\u003cli\u003eRepeat buyers speed turnover.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eFloat Policy\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eBuild a cash policy that covers daily buybacks without forcing a sale at the wrong time. The spread between bid and ask has to absorb \u003cstrong\u003espot price volatility\u003c\/strong\u003e, storage, and handling. If inventory turns slowly, cash gets trapped; if it turns too fast, you risk stockouts and wider spreads. Keep the float separate from fixed assets.\u003c\/p\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eRefresh cash before weekend demand.\u003c\/li\u003e\n\u003cli\u003eReprice fast when spot moves.\u003c\/li\u003e\n\u003cli\u003eSet buyback limits by cash on hand.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cdiv class=\"card_smpl\"\u003e\u003cdiv class=\"double_border\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-pin-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003e\u003cspan style=\"color: #ffffff;\"\u003eVolatility Guard\u003c\/span\u003e\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eHere’s the quick math: if you hold the Year 1 mix and sell through orders at \u003cstrong\u003e2 units each\u003c\/strong\u003e, inventory must stay liquid enough to absorb repeat buyers and customer sell-backs. The right float policy keeps enough cash to buy, enough metal to sell, and enough spread to protect margin when spot swings hard.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eSecure Premises And Buildout Startup Expense\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eBuildout split\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eFor a bullion dealer, the big fixed spend is the premises buildout, not the rent. Treat the \u003cstrong\u003e$75,000\u003c\/strong\u003e high-security vault install and \u003cstrong\u003e$45,000\u003c\/strong\u003e office and showroom furnishings as CAPEX, while the \u003cstrong\u003e$12,000\u003c\/strong\u003e monthly secure lease stays in operating expenses. That split keeps startup cash clean and avoids overstating asset cost.\u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-tips-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eSecure access\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eThis cost covers controlled customer entry, reinforced storage, display protection, and any leasehold work the landlord requires. Ask first: appointment-only or walk-in retail, what crime risk exists nearby, and whether the landlord will approve vault room scope. The budget should reflect those answers before you lock the site.\u003c\/p\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eConfirm landlord approval early.\u003c\/li\u003e\n\u003cli\u003eMatch layout to traffic model.\u003c\/li\u003e\n\u003cli\u003ePrice vault scope in writing.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl_2\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eBudget inputs\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eUse the lease quote, vault contractor bid, furnishings quote, and any required buildout specs to size this line. If insurance requires stronger storage or controlled access, add that scope now, not later. The key check is simple: one-time buildout assets go here; monthly rent and deposits do not.\u003c\/p\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eUse written contractor quotes.\u003c\/li\u003e\n\u003cli\u003eSeparate deposit from CAPEX.\u003c\/li\u003e\n\u003cli\u003eVerify insurance requirements first.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cdiv class=\"card_smpl\"\u003e\u003cdiv class=\"double_border\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-pin-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003e\u003cspan style=\"color: #ffffff;\"\u003eRisk control\u003c\/span\u003e\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eDon’t overbuild the space before you know the operating model. Appointment-only sites can reduce frontage spend, while walk-in retail may need more display protection and stronger access control. What this estimate hides is landlord pushback and insurance-driven scope changes, which can move the final buildout well above the base \u003cstrong\u003e$120,000\u003c\/strong\u003e premises CAPEX.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eSecurity Systems And Loss Prevention Startup Expense\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eSecurity stack\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eFor a bullion dealer, security is not optional; it protects metal, cash, and staff. Budget the one-time surveillance build as \u003cstrong\u003e$35,000\u003c\/strong\u003e CAPEX, then keep \u003cstrong\u003e$1,500 per month\u003c\/strong\u003e for vault security and monitoring in operating expenses. That stack usually covers monitored alarms, cameras, panic buttons, access control, secure networking, and any monitoring or police-response service the insurer or landlord requires.\u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl_2\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-tips-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eCost split\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eSplit this line into \u003cstrong\u003eequipment\u003c\/strong\u003e, \u003cstrong\u003einstallation labor\u003c\/strong\u003e, \u003cstrong\u003emonitoring fees\u003c\/strong\u003e, and \u003cstrong\u003erisk reserves\u003c\/strong\u003e. Here’s the quick math: the known one-time base is \u003cstrong\u003e$35,000\u003c\/strong\u003e; the known recurring vault security and monitoring is \u003cstrong\u003e$1,500 per month\u003c\/strong\u003e. Use vendor quotes to break out hardware and install, then add a shrinkage reserve for theft, employee error, or failed access controls.\u003c\/p\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eGet separate hardware and labor quotes\u003c\/li\u003e\n\u003cli\u003ePrice monthly response terms\u003c\/li\u003e\n\u003cli\u003eSet a shrinkage reserve policy\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eAccess control\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eInsurers will look for dual-control procedures, employee access logs, and video retention that matches your claim window. Limit who can open storage, require two people for key moves, and keep secure records of who touched inventory and when. If onboarding is loose or access is shared, theft risk and shrinkage rise fast, and the reserve should be bigger.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cdiv class=\"card_smpl\"\u003e\u003cdiv class=\"double_border\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-pin-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003e\u003cspan style=\"color: #ffffff;\"\u003eLoss reserve\u003c\/span\u003e\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eBuild a separate shrinkage reserve outside the \u003cstrong\u003e$35,000\u003c\/strong\u003e install budget and the \u003cstrong\u003e$1,500 per month\u003c\/strong\u003e monitoring fee. That reserve should cover theft, unexplained inventory gaps, and any insurer pushback if cameras, logs, or access controls are weak. Keep it outside equipment CAPEX so your startup plan shows true operating risk, not just hardware spend.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eTesting, Weighing, POS, And Transaction Technology Startup Expense\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eTrade Tech Stack\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eThis budget covers precious metal analyzers, test kits, certified scales, coin and bar verification tools, receipt systems, POS hardware, inventory tracking, market pricing tools, and secure records. The source CAPEX is \u003cstrong\u003e$25,000\u003c\/strong\u003e for IT infrastructure and servers plus \u003cstrong\u003e$120,000\u003c\/strong\u003e for e-commerce development, with \u003cstrong\u003e$2,500\u003c\/strong\u003e monthly data feeds and \u003cstrong\u003e$3,000\u003c\/strong\u003e monthly maintenance.\u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-tips-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eBudget Inputs\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eHere’s the quick math: estimate units of hardware, vendor quotes, development scope, and months of coverage for data and maintenance. This spend protects \u003cstrong\u003eauthenticity\u003c\/strong\u003e, \u003cstrong\u003eweight\u003c\/strong\u003e, \u003cstrong\u003epricing\u003c\/strong\u003e, and the audit trail, so it sits in startup tech CAPEX and monthly operating cost, not inventory or vault buildout.\u003c\/p\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eCount each terminal and scale.\u003c\/li\u003e\n\u003cli\u003eQuote software by feature scope.\u003c\/li\u003e\n\u003cli\u003eSeparate setup from monthly fees.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl_2\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eKeep It Lean\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eCut cost by launching only the tools needed to verify metal, print receipts, and track transactions cleanly. Push custom features later if they do not change trust or compliance. The common mistake is buying a full e-commerce stack before the buyback flow, pricing feed, and recordkeeping process are set.\u003c\/p\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003ePhase features by launch date.\u003c\/li\u003e\n\u003cli\u003eBuy standards-based hardware first.\u003c\/li\u003e\n\u003cli\u003eKeep records traceable from day one.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cdiv class=\"card_smpl\"\u003e\u003cdiv class=\"double_border\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-pin-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003e\u003cspan style=\"color: #ffffff;\"\u003eScope Check\u003c\/span\u003e\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eAsk whether \u003cstrong\u003eonline sales\u003c\/strong\u003e, \u003cstrong\u003ein-store buybacks\u003c\/strong\u003e, and \u003cstrong\u003einsured fulfillment\u003c\/strong\u003e are included, because each one changes hardware, workflow, and recordkeeping. If all three are live, every transaction needs a clear link between the item weight, test result, price feed, receipt, and shipment or buyback record.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eCompliance, Insurance, And Professional Setup Startup Expense\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eWhat it covers\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003e\u003cstrong\u003eCompliance\u003c\/strong\u003e for a bullion dealer usually starts with business formation, state and local dealer rules, resale permits, tax setup, and a written plan for anti-money laundering and know-your-customer checks where required. Add legal help, accounting setup, payment processing reviews, transaction records, seller identity checks where required, and a professional fee budget, because rules vary by state, city, transaction type, and business model.\u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-tips-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eCost inputs\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eThis startup cost is mostly people and process, not equipment. The known recurring load is \u003cstrong\u003e$4,500 per month\u003c\/strong\u003e for insurance and bonding, plus a \u003cstrong\u003eCompliance Officer\u003c\/strong\u003e at \u003cstrong\u003e$95,000 annually\u003c\/strong\u003e starting Month 1. Here’s the quick math: that officer is about \u003cstrong\u003e$7,917 per month\u003c\/strong\u003e, so core recurring compliance run-rate is about \u003cstrong\u003e$12,417 per month\u003c\/strong\u003e before legal and accounting fees.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"\nicon_how_to_use\"\u003e\u003ch4\u003eKeep it lean\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eDon’t overbuild the policy stack on day one. Use one clear checklist for formation, permits, seller checks, records, and payment reviews, then have counsel tailor it to the states and cities you actually serve. \u003cstrong\u003eOne clean file trail beats scattered shortcuts.\u003c\/strong\u003e The main savings come from avoiding rework, delays, and penalties, not from cutting required insurance or basic controls.\u003c\/p\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eConfirm every permit by location.\u003c\/li\u003e\n\u003cli\u003eCentralize records from day one.\u003c\/li\u003e\n\u003cli\u003eBudget for review changes.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cdiv class=\"card_smpl\"\u003e\u003cdiv class=\"double_border\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-pin-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003e\u003cspan style=\"color: #ffffff;\"\u003eMonthly run-rate\u003c\/span\u003e\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eAt \u003cstrong\u003e$4,500\u003c\/strong\u003e a month for insurance and bonding plus \u003cstrong\u003e$95,000\u003c\/strong\u003e a year for compliance staffing, this bucket is a fixed overhead item that starts in \u003cstrong\u003eMonth 1\u003c\/strong\u003e. It protects the dealer’s license path, customer trust, and payment flow, but it also means the business needs enough spread and order volume to carry a roughly \u003cstrong\u003e$149,000\u003c\/strong\u003e annual baseline before outside legal and accounting fees.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eCompare 3 Startup Cost Scenarios\u003c\/span\u003e\u003c\/h2\u003e\n\u003csection class=\"fml-scenario-table\" aria-label=\"Bullion Dealing Business Startup Cost Scenarios\" data-site-name=\"Financial Models Lab\" data-site-url=\"https:\/\/financialmodelslab.com\" data-source-title=\"Bullion Dealing Business Startup Cost Scenarios\" data-note-label=\"Planning note\" data-note-text=\"These scenario ranges are researched planning assumptions, not exact quotes or bids.\"\u003e\u003cdiv class=\"fml-scenario-table-card\"\u003e\n\u003cheader class=\"fml-scenario-table-header\"\u003e\u003cdiv\u003e\n\u003cp class=\"fml-scenario-table-eyebrow\"\u003eStartup cost scenarios\u003c\/p\u003e\n\u003cp class=\"fml-scenario-table-description\"\u003eA lean dealer, a base retail setup, and a full inventory model drive very different cash needs. The bigger the showroom, stock depth, and security load, the more startup cash you need.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-scenario-table-actions\"\u003e\u003cbutton class=\"fml-scenario-table-export\" type=\"button\" data-scenario-export\u003eEXPORT XLSX\u003c\/button\u003e\u003c\/div\u003e\u003c\/header\u003e\u003cdiv class=\"fml-scenario-table-wrap\"\u003e\u003ctable class=\"fml-scenario-table-grid\"\u003e\n\u003ccaption\u003eLean, Base, and Full launch cost comparison\u003c\/caption\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth class=\"fml-scenario-table-stub\" scope=\"col\" data-export-value=\"Scenario\"\u003eScenario\u003c\/th\u003e\n\u003cth class=\"fml-scenario-table-column\" scope=\"col\" data-export-value=\"Lean Launch\"\u003e\n\u003cspan class=\"fml-scenario-column-title\"\u003eLean Launch\u003c\/span\u003e\u003cspan class=\"fml-scenario-badge is-soft\"\u003eLow cash\u003c\/span\u003e\n\u003c\/th\u003e\n\u003cth class=\"fml-scenario-table-column\" scope=\"col\" data-export-value=\"Base Launch\"\u003e\n\u003cspan class=\"fml-scenario-column-title\"\u003eBase Launch\u003c\/span\u003e\u003cspan class=\"fml-scenario-badge is-soft\"\u003eBalanced\u003c\/span\u003e\n\u003c\/th\u003e\n\u003cth class=\"fml-scenario-table-column\" scope=\"col\" data-export-value=\"Full Launch\"\u003e\n\u003cspan class=\"fml-scenario-column-title\"\u003eFull Launch\u003c\/span\u003e\u003cspan class=\"fml-scenario-badge is-warning\"\u003eHigh cash need\u003c\/span\u003e\n\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr data-scenario-row\u003e\n\u003cth class=\"fml-scenario-row-heading\" scope=\"row\" data-export-value=\"Launch model\"\u003e\u003cspan class=\"fml-scenario-row-heading-inner\"\u003e\u003cspan class=\"fml-scenario-row-icon is-launch\" aria-hidden=\"true\"\u003e\u003cimg class=\"fml-scenario-row-icon-img\" src=\"\/cdn\/shop\/files\/scenario-launch-model.svg\" alt=\"\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003e\u003cspan class=\"fml-scenario-row-title\"\u003eLaunch model\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/th\u003e\n\u003ctd data-export-value=\"Appointment-based dealing with a small public footprint and limited on-hand stock.\"\u003eAppointment-based dealing with a small public footprint and limited on-hand stock.\u003c\/td\u003e\n\u003ctd data-export-value=\"A standard retail or office setup built around the model's core operating plan.\"\u003eA standard retail or office setup built around the model's core operating plan.\u003c\/td\u003e\n\u003ctd data-export-value=\"A full-service dealer with deeper inventory, more staff, and stronger public-facing security.\"\u003eA full-service dealer with deeper inventory, more staff, and stronger public-facing security.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr data-scenario-row\u003e\n\u003cth class=\"fml-scenario-row-heading\" scope=\"row\" data-export-value=\"Typical setup\"\u003e\u003cspan class=\"fml-scenario-row-heading-inner\"\u003e\u003cspan class=\"fml-scenario-row-icon is-setup\" aria-hidden=\"true\"\u003e\u003cimg class=\"fml-scenario-row-icon-img\" src=\"\/cdn\/shop\/files\/scenario-typical-setup.svg\" alt=\"\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003e\u003cspan class=\"fml-scenario-row-title\"\u003eTypical setup\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/th\u003e\n\u003ctd data-export-value=\"Use a small back-office setup, tighter inventory depth, and lighter walk-in security needs.\"\u003eUse a small back-office setup, tighter inventory depth, and lighter walk-in security needs.\u003c\/td\u003e\n\u003ctd data-export-value=\"Anchor around $300,000 of CAPEX, $654,000 minimum cash in Month 6, $31,500 monthly fixed overhead, and $390,000 Year 1 payroll.\"\u003eAnchor around $300,000 of CAPEX, $654,000 minimum cash in Month 6, $31,500 monthly fixed overhead, and $390,000 Year 1 payroll.\u003c\/td\u003e\n\u003ctd data-export-value=\"Plan for higher stock depth, larger working capital, and more security and support coverage.\"\u003ePlan for higher stock depth, larger working capital, and more security and support coverage.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr data-scenario-row\u003e\n\u003cth class=\"fml-scenario-row-heading\" scope=\"row\" data-export-value=\"Cost drivers\"\u003e\u003cspan class=\"fml-scenario-row-heading-inner\"\u003e\u003cspan class=\"fml-scenario-row-icon is-drivers\" aria-hidden=\"true\"\u003e\u003cimg class=\"fml-scenario-row-icon-img\" src=\"\/cdn\/shop\/files\/scenario-cost-drivers.svg\" alt=\"\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003e\u003cspan class=\"fml-scenario-row-title\"\u003eCost drivers\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/th\u003e\n\u003ctd data-export-value=\"Limited showroom scope; smaller inventory float; basic security; lower staffing; tighter working capital\"\u003e\u003cul class=\"fml-scenario-list\"\u003e\n\u003cli\u003eLimited showroom scope\u003c\/li\u003e\n\u003cli\u003esmaller inventory float\u003c\/li\u003e\n\u003cli\u003ebasic security\u003c\/li\u003e\n\u003cli\u003elower staffing\u003c\/li\u003e\n\u003cli\u003etighter working capital\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/td\u003e\n\u003ctd data-export-value=\"Core buildout; fixed overhead; payroll; compliance; security and insurance\"\u003e\u003cul class=\"fml-scenario-list\"\u003e\n\u003cli\u003eCore buildout\u003c\/li\u003e\n\u003cli\u003efixed overhead\u003c\/li\u003e\n\u003cli\u003epayroll\u003c\/li\u003e\n\u003cli\u003ecompliance\u003c\/li\u003e\n\u003cli\u003esecurity and insurance\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/td\u003e\n\u003ctd data-export-value=\"Deeper inventory; larger cash float; more staffing; stronger security; higher working capital\"\u003e\u003cul class=\"fml-scenario-list\"\u003e\n\u003cli\u003eDeeper inventory\u003c\/li\u003e\n\u003cli\u003elarger cash float\u003c\/li\u003e\n\u003cli\u003emore staffing\u003c\/li\u003e\n\u003cli\u003estronger security\u003c\/li\u003e\n\u003cli\u003ehigher working capital\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr data-scenario-row\u003e\n\u003cth class=\"fml-scenario-row-heading\" scope=\"row\" data-export-value=\"Planning range\"\u003e\u003cspan class=\"fml-scenario-row-heading-inner\"\u003e\u003cspan class=\"fml-scenario-row-icon is-range\" aria-hidden=\"true\"\u003e\u003cimg class=\"fml-scenario-row-icon-img\" src=\"\/cdn\/shop\/files\/scenario-planning-range.svg\" alt=\"\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003e\u003cspan class=\"fml-scenario-row-title\"\u003ePlanning range\u003c\/span\u003e\u003cspan class=\"fml-scenario-row-subtitle\"\u003eCAPEX only\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/th\u003e\n\u003ctd data-export-value=\"Lower capital band\"\u003e\n\u003cstrong class=\"fml-scenario-range\"\u003eLower capital band\u003c\/strong\u003e\u003cspan class=\"fml-scenario-badge is-soft\"\u003eLeanest setup\u003c\/span\u003e\n\u003c\/td\u003e\n\u003ctd data-export-value=\"$300,000 setup\"\u003e\n\u003cstrong class=\"fml-scenario-range\"\u003e$300,000 setup\u003c\/strong\u003e\u003cspan class=\"fml-scenario-badge is-soft\"\u003eModel anchor\u003c\/span\u003e\n\u003c\/td\u003e\n\u003ctd data-export-value=\"Higher capital band\"\u003e\n\u003cstrong class=\"fml-scenario-range\"\u003eHigher capital band\u003c\/strong\u003e\u003cspan class=\"fml-scenario-badge is-warning\"\u003eHighest risk\u003c\/span\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr data-scenario-row\u003e\n\u003cth class=\"fml-scenario-row-heading\" scope=\"row\" data-export-value=\"Best fit\"\u003e\u003cspan class=\"fml-scenario-row-heading-inner\"\u003e\u003cspan class=\"fml-scenario-row-icon is-fit\" aria-hidden=\"true\"\u003e\u003cimg class=\"fml-scenario-row-icon-img\" src=\"\/cdn\/shop\/files\/scenario-best-fit.svg\" alt=\"\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003e\u003cspan class=\"fml-scenario-row-title\"\u003eBest fit\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/th\u003e\n\u003ctd data-export-value=\"Fits owners who want lower risk and mostly appointment-led sales.\"\u003eFits owners who want lower risk and mostly appointment-led sales.\u003c\/td\u003e\n\u003ctd data-export-value=\"Fits founders who want a balanced mix of walk-in sales and controlled operating risk.\"\u003eFits founders who want a balanced mix of walk-in sales and controlled operating risk.\u003c\/td\u003e\n\u003ctd data-export-value=\"Fits operators who want a fuller sales model and can handle a larger cash load.\"\u003eFits operators who want a fuller sales model and can handle a larger cash load.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\u003c\/div\u003e\n\u003cdiv class=\"fml-scenario-table-note\"\u003e\n\u003cspan class=\"fml-scenario-table-note-icon\" aria-hidden=\"true\"\u003e!\u003c\/span\u003e\u003cp\u003e\u003cstrong\u003ePlanning note:\u003c\/strong\u003e These scenario ranges are researched planning assumptions, not exact quotes or bids.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003c\/section\u003e","brand":"FinancialModelsLab","offers":[{"title":"Default Title","offer_id":49303466868979,"sku":"bullion-dealing-startup-costs","price":0.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0522\/6191\/2762\/files\/bullion-dealing-startup-costs.webp?v=1782677576","url":"https:\/\/financialmodelslab.com\/products\/bullion-dealing-startup-costs","provider":"Financial Models Lab","version":"1.0","type":"link"}