Coffee Shop Startup Cost Comparison
Provo, UT vs New York, NY
Provo, UT
$58,000 - $230,000
COL Index: 102.5
VS
New York, NY
$94,000 - $377,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Provo, UT | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,100 - $4,900 | $5,300 - $17,100 | -73% |
|
Commercial Lease (First + Last + Security)
|
$5,700 - $28,700 | $20,900 - $104,300 | -73% |
|
Espresso Machines & Equipment
|
$20,000 - $80,000 | $20,000 - $80,000 | Same |
|
Initial Coffee & Food Inventory
|
$3,000 - $8,000 | $3,000 - $8,000 | Same |
|
Interior Build-Out & Renovation
|
$14,300 - $57,000 | $21,800 - $87,000 | -34% |
|
Business Insurance (Annual)
|
$2,000 - $7,000 | $2,000 - $7,000 | Same |
|
Marketing & Grand Opening
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3 Months)
|
$10,300 - $35,900 | $18,700 - $65,500 | -45% |
| Total Estimated Cost | $58,000 - $230,000 | $94,000 - $377,000 | -39% |
Local Market Factors
| Factor | Provo | New York |
|---|---|---|
| Cost of Living Index | 102.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $14 - $30 | $40 - $120 |
| Labor Rate Index | 0.95 | 1.45 |
| Sales Tax | 7.25% | 8.875% |
| Minimum Wage | $7.25/hr | $16.00/hr |
| LLC Filing Fee | $54 | $200 |
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