Restaurant Startup Cost Comparison

Denver, CO vs Miami, FL

Denver, CO

$94,000 - $373,000

COL Index: 118.5

VS

Miami, FL

$96,000 - $383,000

COL Index: 128.3

Detailed Cost Comparison

Expense Denver, CO Miami, FL Difference
Business Registration & Licenses
$2,100 - $9,200 $2,600 - $9,500 -7%
Commercial Lease (First + Last + Security)
$15,100 - $75,300 $17,600 - $88,000 -14%
Kitchen Equipment & Fixtures
$25,000 - $100,000 $25,000 - $100,000 Same
Initial Food & Beverage Inventory
$5,000 - $15,000 $5,000 - $15,000 Same
Interior Build-Out & Renovation
$23,600 - $94,400 $21,600 - $86,400 +9%
Business Insurance (Annual)
$3,000 - $10,000 $3,000 - $10,000 Same
Marketing & Grand Opening
$2,000 - $10,000 $2,000 - $10,000 Same
Working Capital (3 Months)
$17,800 - $59,300 $19,200 - $64,200 -8%
Total Estimated Cost $94,000 - $373,000 $96,000 - $383,000 -3%

Local Market Factors

Factor Denver Miami
Cost of Living Index 118.5 128.3
Commercial Rent ($/sqft/yr) $22 - $55 $25 - $65
Labor Rate Index 1.18 1.08
Sales Tax 8.81% 7%
Minimum Wage $18.29/hr $13.00/hr
LLC Filing Fee $50 $125

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