Donut Shop Startup Cost Comparison
Cincinnati, OH vs Miami, FL
Cincinnati, OH
$42,000 - $203,000
COL Index: 93.5
VS
Miami, FL
$61,000 - $293,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Cincinnati, OH | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Commercial Space & Build-Out
|
$13,000 - $65,200 | $29,300 - $146,700 | -56% |
|
Equipment & Fixtures
|
$12,500 - $62,500 | $12,500 - $62,500 | Same |
|
Initial Inventory & Supplies
|
$5,000 - $25,000 | $5,000 - $25,000 | 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)
|
$7,000 - $23,400 | $9,600 - $32,100 | -27% |
| Total Estimated Cost | $42,000 - $203,000 | $61,000 - $293,000 | -31% |
Local Market Factors
| Factor | Cincinnati | Miami |
|---|---|---|
| Cost of Living Index | 93.5 | 128.3 |
| Commercial Rent ($/sqft/yr) | $12 - $28 | $25 - $65 |
| Labor Rate Index | 0.92 | 1.08 |
| Sales Tax | 7.8% | 7% |
| Minimum Wage | $10.45/hr | $13.00/hr |
| LLC Filing Fee | $99 | $125 |
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