Spa Startup Cost Comparison

Chesapeake, VA vs Chicago, IL

Chesapeake, VA

$81,000 - $308,000

COL Index: 101.5

VS

Chicago, IL

$99,000 - $376,000

COL Index: 107.8

Detailed Cost Comparison

Expense Chesapeake, VA Chicago, IL Difference
Business Registration & Licenses
$1,400 - $5,100 $5,600 - $10,900 -61%
Commercial Lease (First + Last + Security)
$9,400 - $47,000 $17,600 - $88,000 -47%
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
$23,800 - $85,500 $28,800 - $103,500 -17%
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)
$15,200 - $50,800 $16,200 - $53,900 -6%
Total Estimated Cost $81,000 - $308,000 $99,000 - $376,000 -18%

Local Market Factors

Factor Chesapeake Chicago
Cost of Living Index 101.5 107.8
Commercial Rent ($/sqft/yr) $14 - $34 $25 - $65
Labor Rate Index 0.95 1.15
Sales Tax 6% 10.25%
Minimum Wage $12.41/hr $15.80/hr
LLC Filing Fee $100 $150

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