Bowling Alley Startup Cost Comparison
Carmel, IN vs Chicago, IL
Carmel, IN
$442,000 - $2,840,000
COL Index: 106.5
VS
Chicago, IL
$512,000 - $3,392,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Carmel, IN | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Facility Lease or Purchase
|
$130,400 - $1,043,500 | $195,700 - $1,565,200 | -33% |
|
Bowling Lanes & Equipment
|
$200,000 - $1,200,000 | $200,000 - $1,200,000 | Same |
|
Restaurant & Bar Build-Out
|
$30,600 - $204,000 | $34,500 - $230,000 | -11% |
|
Business Insurance (Annual)
|
$10,000 - $40,000 | $10,000 - $40,000 | Same |
|
Marketing & League Development
|
$5,000 - $25,000 | $5,000 - $25,000 | Same |
|
Working Capital (6 Months)
|
$63,900 - $319,500 | $64,700 - $323,400 | -1% |
| Total Estimated Cost | $442,000 - $2,840,000 | $512,000 - $3,392,000 | -16% |
Local Market Factors
| Factor | Carmel | Chicago |
|---|---|---|
| Cost of Living Index | 106.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $18 - $42 | $25 - $65 |
| Labor Rate Index | 1.02 | 1.15 |
| Sales Tax | 7% | 10.25% |
| Minimum Wage | $7.25/hr | $15.80/hr |
| LLC Filing Fee | $95 | $150 |
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