Fast Food Franchise Startup Cost Comparison
Boca Raton, FL vs Miami, FL
Boca Raton, FL
$165,000 - $2,783,000
COL Index: 118.5
VS
Miami, FL
$184,000 - $3,214,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Boca Raton, FL | Miami, FL | Difference |
|---|---|---|---|
|
Franchise Fee
|
$10,000 - $50,000 | $10,000 - $50,000 | Same |
|
Restaurant Build-Out
|
$80,400 - $1,930,400 | $97,800 - $2,347,800 | -18% |
|
Kitchen Equipment & Technology
|
$30,000 - $500,000 | $30,000 - $500,000 | Same |
|
Insurance Package
|
$5,000 - $25,000 | $5,000 - $25,000 | Same |
|
Opening Inventory & Supplies
|
$5,000 - $30,000 | $5,000 - $30,000 | Same |
|
Hiring & Training
|
$5,600 - $44,800 | $5,400 - $43,200 | +4% |
|
Grand Opening Campaign
|
$5,000 - $25,000 | $5,000 - $25,000 | Same |
|
Working Capital (3 Months)
|
$23,700 - $177,800 | $25,700 - $192,500 | -8% |
| Total Estimated Cost | $165,000 - $2,783,000 | $184,000 - $3,214,000 | -13% |
Local Market Factors
| Factor | Boca Raton | Miami |
|---|---|---|
| Cost of Living Index | 118.5 | 128.3 |
| Commercial Rent ($/sqft/yr) | $24 - $50 | $25 - $65 |
| Labor Rate Index | 1.12 | 1.08 |
| Sales Tax | 7% | 7% |
| Minimum Wage | $13.00/hr | $13.00/hr |
| LLC Filing Fee | $125 | $125 |
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