Restaurant Startup Cost Comparison

Fort Lauderdale, FL vs New York, NY

Fort Lauderdale, FL

$92,000 - $362,000

COL Index: 120.4

VS

New York, NY

$129,000 - $518,000

COL Index: 187.2

Detailed Cost Comparison

Expense Fort Lauderdale, FL New York, NY Difference
Business Registration & Licenses
$2,000 - $7,500 $5,300 - $17,100 -58%
Commercial Lease (First + Last + Security)
$13,700 - $68,500 $31,300 - $156,500 -56%
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
$22,800 - $91,200 $29,000 - $116,000 -21%
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)
$18,100 - $60,200 $28,100 - $93,600 -36%
Total Estimated Cost $92,000 - $362,000 $129,000 - $518,000 -30%

Local Market Factors

Factor Fort Lauderdale New York
Cost of Living Index 120.4 187.2
Commercial Rent ($/sqft/yr) $22 - $48 $40 - $120
Labor Rate Index 1.14 1.45
Sales Tax 7% 8.875%
Minimum Wage $13.00/hr $16.00/hr
LLC Filing Fee $125 $200

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