Restaurant Startup Cost Comparison
Gilbert, AZ vs Miami, FL
Gilbert, AZ
$84,000 - $333,000
COL Index: 106.5
VS
Miami, FL
$96,000 - $383,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Gilbert, AZ | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,600 - $6,100 | $2,600 - $9,500 | -36% |
|
Commercial Lease (First + Last + Security)
|
$11,300 - $56,700 | $17,600 - $88,000 | -36% |
|
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
|
$20,400 - $81,600 | $21,600 - $86,400 | -6% |
|
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)
|
$16,000 - $53,300 | $19,200 - $64,200 | -17% |
| Total Estimated Cost | $84,000 - $333,000 | $96,000 - $383,000 | -13% |
Local Market Factors
| Factor | Gilbert | Miami |
|---|---|---|
| Cost of Living Index | 106.5 | 128.3 |
| Commercial Rent ($/sqft/yr) | $18 - $40 | $25 - $65 |
| Labor Rate Index | 1.02 | 1.08 |
| Sales Tax | 7.8% | 7% |
| Minimum Wage | $14.35/hr | $13.00/hr |
| LLC Filing Fee | $50 | $125 |
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