Ice Cream Shop Startup Cost Comparison
Canton, OH vs Miami, FL
Canton, OH
$44,000 - $229,000
COL Index: 85.8
VS
Miami, FL
$59,000 - $308,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Canton, OH | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$700 - $3,300 | $2,600 - $9,500 | -67% |
|
Commercial Lease (First + Last + Security)
|
$3,000 - $16,400 | $9,800 - $52,800 | -69% |
|
Ice Cream Equipment & Fixtures
|
$20,000 - $100,000 | $20,000 - $100,000 | Same |
|
Initial Ingredients & Supplies
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Interior Build-Out & Design
|
$7,800 - $62,400 | $10,800 - $86,400 | -28% |
|
Business Insurance (Annual)
|
$1,500 - $5,000 | $1,500 - $5,000 | Same |
|
Marketing & Grand Opening
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3 Months)
|
$6,900 - $25,700 | $10,300 - $38,500 | -33% |
| Total Estimated Cost | $44,000 - $229,000 | $59,000 - $308,000 | -26% |
Local Market Factors
| Factor | Canton | Miami |
|---|---|---|
| Cost of Living Index | 85.8 | 128.3 |
| Commercial Rent ($/sqft/yr) | $8 - $20 | $25 - $65 |
| Labor Rate Index | 0.78 | 1.08 |
| Sales Tax | 7.25% | 7% |
| Minimum Wage | $10.45/hr | $13.00/hr |
| LLC Filing Fee | $99 | $125 |
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