Oil Change Shop Startup Cost Comparison
Nashville, TN vs Chicago, IL
Nashville, TN
$47,000 - $255,000
COL Index: 103.8
VS
Chicago, IL
$55,000 - $288,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Nashville, TN | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,900 - $6,400 | $5,600 - $10,900 | -50% |
|
Facility Lease (First + Last + Security)
|
$11,400 - $68,500 | $14,700 - $88,000 | -22% |
|
Service Equipment
|
$10,000 - $50,000 | $10,000 - $50,000 | Same |
|
Initial Oil & Fluid Inventory
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Facility Build-Out
|
$8,200 - $61,200 | $9,200 - $69,000 | -11% |
|
Waste Oil Management System
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Business Insurance (Annual)
|
$2,500 - $10,000 | $2,500 - $10,000 | Same |
|
Marketing & Signage
|
$1,500 - $8,000 | $1,500 - $8,000 | Same |
|
Working Capital (3 Months)
|
$6,200 - $26,000 | $6,500 - $27,000 | -4% |
| Total Estimated Cost | $47,000 - $255,000 | $55,000 - $288,000 | -12% |
Local Market Factors
| Factor | Nashville | Chicago |
|---|---|---|
| Cost of Living Index | 103.8 | 107.8 |
| Commercial Rent ($/sqft/yr) | $20 - $50 | $25 - $65 |
| Labor Rate Index | 1.02 | 1.15 |
| Sales Tax | 9.25% | 10.25% |
| Minimum Wage | $7.25/hr | $15.80/hr |
| LLC Filing Fee | $300 | $150 |
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