Spa Startup Cost Comparison

Cape Coral, FL vs Chicago, IL

Cape Coral, FL

$79,000 - $301,000

COL Index: 99.2

VS

Chicago, IL

$99,000 - $376,000

COL Index: 107.8

Detailed Cost Comparison

Expense Cape Coral, FL Chicago, IL Difference
Business Registration & Licenses
$1,400 - $5,200 $5,600 - $10,900 -60%
Commercial Lease (First + Last + Security)
$8,200 - $41,100 $17,600 - $88,000 -53%
Spa Equipment & Furnishings
$20,000 - $80,000 $20,000 - $80,000 Same
Initial Product & Supplies Inventory
$5,000 - $20,000 $5,000 - $20,000 Same
Interior Build-Out & Ambiance Design
$23,500 - $84,600 $28,800 - $103,500 -18%
Business Insurance (Annual)
$3,000 - $8,000 $3,000 - $8,000 Same
Marketing & Launch
$3,000 - $12,000 $3,000 - $12,000 Same
Working Capital (3 Months)
$14,900 - $49,600 $16,200 - $53,900 -8%
Total Estimated Cost $79,000 - $301,000 $99,000 - $376,000 -20%

Local Market Factors

Factor Cape Coral Chicago
Cost of Living Index 99.2 107.8
Commercial Rent ($/sqft/yr) $14 - $28 $25 - $65
Labor Rate Index 0.94 1.15
Sales Tax 6.5% 10.25%
Minimum Wage $13.00/hr $15.80/hr
LLC Filing Fee $125 $150

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