Tire Shop Startup Cost Comparison
Denton, TX vs Chicago, IL
Denton, TX
$52,000 - $249,000
COL Index: 96.8
VS
Chicago, IL
$67,000 - $316,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Denton, TX | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,300 - $5,500 | $5,600 - $10,900 | -59% |
|
Facility Lease (First + Last + Security)
|
$9,000 - $54,000 | $17,600 - $105,700 | -49% |
|
Tire Service Equipment
|
$15,000 - $65,000 | $15,000 - $65,000 | Same |
|
Initial Tire Inventory
|
$10,000 - $50,000 | $10,000 - $50,000 | Same |
|
Facility Build-Out
|
$4,700 - $27,900 | $5,800 - $34,500 | -19% |
|
Business Insurance (Annual)
|
$2,500 - $10,000 | $2,500 - $10,000 | Same |
|
Marketing & Signage
|
$1,500 - $8,000 | $1,500 - $8,000 | Same |
|
Working Capital (3 Months)
|
$7,700 - $29,000 | $8,600 - $32,300 | -10% |
| Total Estimated Cost | $52,000 - $249,000 | $67,000 - $316,000 | -21% |
Local Market Factors
| Factor | Denton | Chicago |
|---|---|---|
| Cost of Living Index | 96.8 | 107.8 |
| Commercial Rent ($/sqft/yr) | $14 - $32 | $25 - $65 |
| Labor Rate Index | 0.93 | 1.15 |
| Sales Tax | 8.25% | 10.25% |
| Minimum Wage | $7.25/hr | $15.80/hr |
| LLC Filing Fee | $300 | $150 |
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