Spa Startup Cost Comparison

Hampton, VA vs Miami, FL

Hampton, VA

$75,000 - $285,000

COL Index: 93.5

VS

Miami, FL

$97,000 - $379,000

COL Index: 128.3

Detailed Cost Comparison

Expense Hampton, VA Miami, FL Difference
Business Registration & Licenses
$800 - $3,900 $2,600 - $9,500 -61%
Commercial Lease (First + Last + Security)
$7,200 - $36,200 $17,600 - $88,000 -59%
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
$21,800 - $78,300 $27,000 - $97,200 -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)
$14,000 - $46,800 $19,200 - $64,200 -27%
Total Estimated Cost $75,000 - $285,000 $97,000 - $379,000 -24%

Local Market Factors

Factor Hampton Miami
Cost of Living Index 93.5 128.3
Commercial Rent ($/sqft/yr) $11 - $26 $25 - $65
Labor Rate Index 0.87 1.08
Sales Tax 6% 7%
Minimum Wage $12.41/hr $13.00/hr
LLC Filing Fee $100 $125

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