Axe Throwing Venue Startup Cost Comparison
Minneapolis, MN vs New York, NY
Minneapolis, MN
$46,000 - $249,000
COL Index: 109.5
VS
New York, NY
$77,000 - $456,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Minneapolis, MN | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Commercial Lease & Build-Out
|
$13,700 - $109,600 | $34,800 - $278,300 | -61% |
|
Throwing Lanes & Targets
|
$10,800 - $43,200 | $14,500 - $58,000 | -26% |
|
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)
|
$8,800 - $32,900 | $15,000 - $56,200 | -41% |
| Total Estimated Cost | $46,000 - $249,000 | $77,000 - $456,000 | -45% |
Local Market Factors
| Factor | Minneapolis | New York |
|---|---|---|
| Cost of Living Index | 109.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $18 - $45 | $40 - $120 |
| Labor Rate Index | 1.08 | 1.45 |
| Sales Tax | 8.025% | 8.875% |
| Minimum Wage | $15.57/hr | $16.00/hr |
| LLC Filing Fee | $155 | $200 |
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