Candy Shop Startup Cost Comparison
Norfolk, VA vs Miami, FL
Norfolk, VA
$19,000 - $97,000
COL Index: 97.6
VS
Miami, FL
$27,000 - $134,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Norfolk, VA | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Commercial Space & Build-Out
|
$5,000 - $24,800 | $11,700 - $58,700 | -58% |
|
Equipment & Fixtures
|
$5,000 - $25,000 | $5,000 - $25,000 | Same |
|
Initial Inventory & Supplies
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Business Insurance (Annual)
|
$2,000 - $12,000 | $2,000 - $12,000 | Same |
|
Marketing & Grand Opening
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Working Capital (3 Months)
|
$2,900 - $9,800 | $3,800 - $12,800 | -23% |
| Total Estimated Cost | $19,000 - $97,000 | $27,000 - $134,000 | -28% |
Local Market Factors
| Factor | Norfolk | Miami |
|---|---|---|
| Cost of Living Index | 97.6 | 128.3 |
| Commercial Rent ($/sqft/yr) | $12 - $26 | $25 - $65 |
| Labor Rate Index | 0.96 | 1.08 |
| Sales Tax | 6% | 7% |
| Minimum Wage | $12.41/hr | $13.00/hr |
| LLC Filing Fee | $100 | $125 |
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