Axe Throwing Venue Startup Cost Comparison
Hilo, HI vs Chicago, IL
Hilo, HI
$50,000 - $261,000
COL Index: 170.5
VS
Chicago, IL
$52,000 - $298,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Hilo, HI | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Commercial Lease & Build-Out
|
$12,600 - $100,900 | $19,600 - $156,500 | -36% |
|
Throwing Lanes & Targets
|
$11,500 - $46,000 | $11,500 - $46,000 | Same |
|
Bar & Lounge Area
|
$5,000 - $30,000 | $5,000 - $30,000 | Same |
|
Business Insurance (Annual)
|
$5,000 - $20,000 | $5,000 - $20,000 | Same |
|
Marketing & Launch
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Working Capital (3 Months)
|
$13,600 - $51,200 | $8,600 - $32,300 | +58% |
| Total Estimated Cost | $50,000 - $261,000 | $52,000 - $298,000 | -11% |
Local Market Factors
| Factor | Hilo | Chicago |
|---|---|---|
| Cost of Living Index | 170.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $18 - $40 | $25 - $65 |
| Labor Rate Index | 1.15 | 1.15 |
| Sales Tax | 4.5% | 10.25% |
| Minimum Wage | $14.00/hr | $15.80/hr |
| LLC Filing Fee | $50 | $150 |
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