Spa Startup Cost Comparison

Denver, CO vs New York, NY

Denver, CO

$96,000 - $370,000

COL Index: 118.5

VS

New York, NY

$132,000 - $518,000

COL Index: 187.2

Detailed Cost Comparison

Expense Denver, CO New York, NY Difference
Business Registration & Licenses
$2,100 - $9,200 $5,300 - $17,100 -50%
Commercial Lease (First + Last + Security)
$15,100 - $75,300 $31,300 - $156,500 -52%
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
$29,500 - $106,200 $36,300 - $130,500 -19%
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)
$17,800 - $59,300 $28,100 - $93,600 -37%
Total Estimated Cost $96,000 - $370,000 $132,000 - $518,000 -28%

Local Market Factors

Factor Denver New York
Cost of Living Index 118.5 187.2
Commercial Rent ($/sqft/yr) $22 - $55 $40 - $120
Labor Rate Index 1.18 1.45
Sales Tax 8.81% 8.875%
Minimum Wage $18.29/hr $16.00/hr
LLC Filing Fee $50 $200

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