Coffee Shop Startup Cost Comparison
Wilmington, DE vs New York, NY
Wilmington, DE
$60,000 - $234,000
COL Index: 102.4
VS
New York, NY
$94,000 - $377,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Wilmington, DE | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,900 - $6,300 | $5,300 - $17,100 | -63% |
|
Commercial Lease (First + Last + Security)
|
$5,500 - $27,400 | $20,900 - $104,300 | -74% |
|
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
|
$15,300 - $61,200 | $21,800 - $87,000 | -30% |
|
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)
|
$10,200 - $35,800 | $18,700 - $65,500 | -45% |
| Total Estimated Cost | $60,000 - $234,000 | $94,000 - $377,000 | -38% |
Local Market Factors
| Factor | Wilmington | New York |
|---|---|---|
| Cost of Living Index | 102.4 | 187.2 |
| Commercial Rent ($/sqft/yr) | $14 - $28 | $40 - $120 |
| Labor Rate Index | 1.02 | 1.45 |
| Sales Tax | 0% | 8.875% |
| Minimum Wage | $13.25/hr | $16.00/hr |
| LLC Filing Fee | $90 | $200 |
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