Axe Throwing Venue Startup Cost Comparison
Rochester, MN vs Chicago, IL
Rochester, MN
$40,000 - $210,000
COL Index: 101.5
VS
Chicago, IL
$52,000 - $298,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Rochester, MN | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Commercial Lease & Build-Out
|
$9,600 - $76,500 | $19,600 - $156,500 | -51% |
|
Throwing Lanes & Targets
|
$10,000 - $40,000 | $11,500 - $46,000 | -13% |
|
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)
|
$8,100 - $30,500 | $8,600 - $32,300 | -6% |
| Total Estimated Cost | $40,000 - $210,000 | $52,000 - $298,000 | -29% |
Local Market Factors
| Factor | Rochester | Chicago |
|---|---|---|
| Cost of Living Index | 101.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $14 - $30 | $25 - $65 |
| Labor Rate Index | 1 | 1.15 |
| Sales Tax | 7.375% | 10.25% |
| Minimum Wage | $10.85/hr | $15.80/hr |
| LLC Filing Fee | $155 | $150 |
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