Fast Food Franchise Startup Cost Comparison
Madison, WI vs New York, NY
Madison, WI
$130,000 - $2,023,000
COL Index: 102.5
VS
New York, NY
$274,000 - $5,143,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Madison, WI | New York, NY | Difference |
|---|---|---|---|
|
Franchise Fee
|
$10,000 - $50,000 | $10,000 - $50,000 | Same |
|
Restaurant Build-Out
|
$50,000 - $1,200,000 | $173,900 - $4,173,900 | -71% |
|
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
|
$4,900 - $39,200 | $7,300 - $58,000 | -32% |
|
Grand Opening Campaign
|
$5,000 - $25,000 | $5,000 - $25,000 | Same |
|
Working Capital (3 Months)
|
$20,500 - $153,800 | $37,400 - $280,800 | -45% |
| Total Estimated Cost | $130,000 - $2,023,000 | $274,000 - $5,143,000 | -60% |
Local Market Factors
| Factor | Madison | New York |
|---|---|---|
| Cost of Living Index | 102.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $14 - $32 | $40 - $120 |
| Labor Rate Index | 0.98 | 1.45 |
| Sales Tax | 5.5% | 8.875% |
| Minimum Wage | $7.25/hr | $16.00/hr |
| LLC Filing Fee | $130 | $200 |
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