Bike Shop Startup Cost Comparison
San Bernardino, CA vs Miami, FL
San Bernardino, CA
$19,000 - $122,000
COL Index: 105.3
VS
Miami, FL
$35,000 - $224,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | San Bernardino, CA | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$8,900 - $59,100 | $23,500 - $156,500 | -62% |
|
Initial Supplies & Inventory
|
$4,500 - $30,000 | $4,500 - $30,000 | Same |
|
Business Insurance (Annual)
|
$500 - $4,000 | $500 - $4,000 | Same |
|
Marketing & Launch
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$4,700 - $21,100 | $5,800 - $25,700 | -18% |
| Total Estimated Cost | $19,000 - $122,000 | $35,000 - $224,000 | -46% |
Local Market Factors
| Factor | San Bernardino | Miami |
|---|---|---|
| Cost of Living Index | 105.3 | 128.3 |
| Commercial Rent ($/sqft/yr) | $10 - $24 | $25 - $65 |
| Labor Rate Index | 0.9 | 1.08 |
| Sales Tax | 8.75% | 7% |
| Minimum Wage | $16.00/hr | $13.00/hr |
| LLC Filing Fee | $70 | $125 |
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