Spa Startup Cost Comparison

Naples, FL vs Chicago, IL

Naples, FL

$94,000 - $362,000

COL Index: 123.5

VS

Chicago, IL

$99,000 - $376,000

COL Index: 107.8

Detailed Cost Comparison

Expense Naples, FL Chicago, IL Difference
Business Registration & Licenses
$2,000 - $7,300 $5,600 - $10,900 -44%
Commercial Lease (First + Last + Security)
$15,100 - $75,300 $17,600 - $88,000 -14%
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
$27,000 - $97,200 $28,800 - $103,500 -6%
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)
$18,500 - $61,800 $16,200 - $53,900 +15%
Total Estimated Cost $94,000 - $362,000 $99,000 - $376,000 -4%

Local Market Factors

Factor Naples Chicago
Cost of Living Index 123.5 107.8
Commercial Rent ($/sqft/yr) $22 - $55 $25 - $65
Labor Rate Index 1.08 1.15
Sales Tax 7% 10.25%
Minimum Wage $13.00/hr $15.80/hr
LLC Filing Fee $125 $150

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