Martial Arts Studio Startup Cost Comparison
Chesapeake, VA vs Miami, FL
Chesapeake, VA
$27,000 - $130,000
COL Index: 101.5
VS
Miami, FL
$35,000 - $171,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Chesapeake, VA | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,400 - $5,100 | $2,600 - $9,500 | -46% |
|
Studio Lease (First + Last + Security)
|
$5,200 - $29,200 | $9,800 - $54,800 | -47% |
|
Studio Build-Out
|
$4,800 - $23,800 | $5,400 - $27,000 | -12% |
|
Training Equipment & Gear
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Uniform & Merchandise Inventory
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Business Insurance (Annual)
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Marketing & Student Recruitment
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Working Capital (3 Months)
|
$6,100 - $30,500 | $7,700 - $38,500 | -21% |
| Total Estimated Cost | $27,000 - $130,000 | $35,000 - $171,000 | -24% |
Local Market Factors
| Factor | Chesapeake | Miami |
|---|---|---|
| Cost of Living Index | 101.5 | 128.3 |
| Commercial Rent ($/sqft/yr) | $14 - $34 | $25 - $65 |
| Labor Rate Index | 0.95 | 1.08 |
| Sales Tax | 6% | 7% |
| Minimum Wage | $12.41/hr | $13.00/hr |
| LLC Filing Fee | $100 | $125 |
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