Bakery Startup Cost Comparison
Sarasota, FL vs Chicago, IL
Sarasota, FL
$56,000 - $241,000
COL Index: 108.5
VS
Chicago, IL
$66,000 - $276,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Sarasota, FL | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,900 - $6,200 | $5,600 - $10,900 | -51% |
|
Commercial Lease (First + Last + Security)
|
$7,800 - $39,100 | $11,700 - $58,700 | -33% |
|
Baking Equipment & Fixtures
|
$15,000 - $75,000 | $15,000 - $75,000 | Same |
|
Initial Ingredients & Packaging
|
$2,000 - $6,000 | $2,000 - $6,000 | Same |
|
Interior Build-Out & Kitchen Renovation
|
$14,700 - $63,700 | $17,300 - $74,800 | -15% |
|
Business Insurance (Annual)
|
$2,000 - $6,000 | $2,000 - $6,000 | Same |
|
Marketing & Grand Opening
|
$1,500 - $7,000 | $1,500 - $7,000 | Same |
|
Working Capital (3 Months)
|
$10,900 - $38,000 | $10,800 - $37,700 | +1% |
| Total Estimated Cost | $56,000 - $241,000 | $66,000 - $276,000 | -13% |
Local Market Factors
| Factor | Sarasota | Chicago |
|---|---|---|
| Cost of Living Index | 108.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $18 - $42 | $25 - $65 |
| Labor Rate Index | 0.98 | 1.15 |
| Sales Tax | 7.5% | 10.25% |
| Minimum Wage | $13.00/hr | $15.80/hr |
| LLC Filing Fee | $125 | $150 |
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