Juice Bar Startup Cost Comparison

Newark, NJ vs Chicago, IL

Newark, NJ

$50,000 - $240,000

COL Index: 115.2

VS

Chicago, IL

$48,000 - $214,000

COL Index: 107.8

Detailed Cost Comparison

Expense Newark, NJ Chicago, IL Difference
Business Registration & Licenses
$10,600 - $51,700 $5,600 - $10,900 +278%
Commercial Lease (First + Last + Security)
$5,300 - $24,700 $8,800 - $41,100 -40%
Juicing & Blending Equipment
$10,000 - $50,000 $10,000 - $50,000 Same
Initial Produce & Supplies
$2,000 - $6,000 $2,000 - $6,000 Same
Interior Build-Out & Design
$9,100 - $62,700 $9,200 - $63,300 -1%
Business Insurance (Annual)
$1,500 - $4,500 $1,500 - $4,500 Same
Marketing & Launch
$2,000 - $8,000 $2,000 - $8,000 Same
Working Capital (3 Months)
$9,200 - $32,300 $8,600 - $30,200 +7%
Total Estimated Cost $50,000 - $240,000 $48,000 - $214,000 +11%

Local Market Factors

Factor Newark Chicago
Cost of Living Index 115.2 107.8
Commercial Rent ($/sqft/yr) $16 - $38 $25 - $65
Labor Rate Index 1.14 1.15
Sales Tax 6.625% 10.25%
Minimum Wage $15.49/hr $15.80/hr
LLC Filing Fee $125 $150

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