Fast Food Franchise Startup Cost Comparison
Santa Fe, NM vs Chicago, IL
Santa Fe, NM
$141,000 - $2,248,000
COL Index: 112.5
VS
Chicago, IL
$180,000 - $3,186,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Santa Fe, NM | Chicago, IL | Difference |
|---|---|---|---|
|
Franchise Fee
|
$10,000 - $50,000 | $10,000 - $50,000 | Same |
|
Restaurant Build-Out
|
$58,700 - $1,408,700 | $97,800 - $2,347,800 | -40% |
|
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
|
$5,100 - $40,800 | $5,800 - $46,000 | -11% |
|
Grand Opening Campaign
|
$5,000 - $25,000 | $5,000 - $25,000 | Same |
|
Working Capital (3 Months)
|
$22,500 - $168,800 | $21,600 - $161,700 | +4% |
| Total Estimated Cost | $141,000 - $2,248,000 | $180,000 - $3,186,000 | -29% |
Local Market Factors
| Factor | Santa Fe | Chicago |
|---|---|---|
| Cost of Living Index | 112.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $16 - $38 | $25 - $65 |
| Labor Rate Index | 1.02 | 1.15 |
| Sales Tax | 8.4375% | 10.25% |
| Minimum Wage | $14.60/hr | $15.80/hr |
| LLC Filing Fee | $50 | $150 |
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