Spa Startup Cost Comparison
Fargo, ND vs Miami, FL
Fargo, ND
$75,000 - $285,000
COL Index: 91.5
VS
Miami, FL
$97,000 - $379,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Fargo, ND | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$700 - $3,300 | $2,600 - $9,500 | -67% |
|
Commercial Lease (First + Last + Security)
|
$7,000 - $35,200 | $17,600 - $88,000 | -60% |
|
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
|
$22,500 - $81,000 | $27,000 - $97,200 | -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)
|
$13,700 - $45,800 | $19,200 - $64,200 | -29% |
| Total Estimated Cost | $75,000 - $285,000 | $97,000 - $379,000 | -24% |
Local Market Factors
| Factor | Fargo | Miami |
|---|---|---|
| Cost of Living Index | 91.5 | 128.3 |
| Commercial Rent ($/sqft/yr) | $12 - $24 | $25 - $65 |
| Labor Rate Index | 0.9 | 1.08 |
| Sales Tax | 7.5% | 7% |
| Minimum Wage | $7.25/hr | $13.00/hr |
| LLC Filing Fee | $135 | $125 |
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