Fast Food Franchise Startup Cost Comparison
Wilmington, NC vs New York, NY
Wilmington, NC
$126,000 - $1,913,000
COL Index: 99.8
VS
New York, NY
$274,000 - $5,143,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Wilmington, NC | New York, NY | Difference |
|---|---|---|---|
|
Franchise Fee
|
$10,000 - $50,000 | $10,000 - $50,000 | Same |
|
Restaurant Build-Out
|
$45,700 - $1,095,700 | $173,900 - $4,173,900 | -74% |
|
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
|
$4,800 - $38,000 | $7,300 - $58,000 | -34% |
|
Grand Opening Campaign
|
$5,000 - $25,000 | $5,000 - $25,000 | Same |
|
Working Capital (3 Months)
|
$20,000 - $149,700 | $37,400 - $280,800 | -47% |
| Total Estimated Cost | $126,000 - $1,913,000 | $274,000 - $5,143,000 | -62% |
Local Market Factors
| Factor | Wilmington | New York |
|---|---|---|
| Cost of Living Index | 99.8 | 187.2 |
| Commercial Rent ($/sqft/yr) | $14 - $28 | $40 - $120 |
| Labor Rate Index | 0.95 | 1.45 |
| Sales Tax | 7% | 8.875% |
| Minimum Wage | $7.25/hr | $16.00/hr |
| LLC Filing Fee | $125 | $200 |
View Full Details
Ready to Start Your Fast Food Franchise?
Start your Fast Food Franchise LLC in — free registered agent for 1 year.
Form Your LLC for $0 + State Fee →Trusted by 500,000+ businesses · Excellent rating on Trustpilot