Winery Startup Cost Comparison

Colorado Springs, CO vs Chicago, IL

Colorado Springs, CO

$77,000 - $920,000

COL Index: 105.2

VS

Chicago, IL

$91,000 - $1,210,000

COL Index: 107.8

Detailed Cost Comparison

Expense Colorado Springs, CO Chicago, IL Difference
Business Registration & Alcohol Licenses
$2,000 - $10,000 $5,600 - $10,900 -27%
Vineyard or Grape Supply
$10,700 - $319,600 $19,600 - $587,000 -46%
Winemaking Equipment
$20,000 - $200,000 $20,000 - $200,000 Same
Barrels & Storage
$5,000 - $80,000 $5,000 - $80,000 Same
Tasting Room Build-Out
$9,800 - $98,000 $11,500 - $115,000 -15%
Bottles, Labels & Packaging
$3,000 - $30,000 $3,000 - $30,000 Same
Winery Insurance (Annual)
$5,000 - $25,000 $5,000 - $25,000 Same
Working Capital (12 Months)
$21,000 - $157,800 $21,600 - $161,700 -2%
Total Estimated Cost $77,000 - $920,000 $91,000 - $1,210,000 -23%

Local Market Factors

Factor Colorado Springs Chicago
Cost of Living Index 105.2 107.8
Commercial Rent ($/sqft/yr) $14 - $35 $25 - $65
Labor Rate Index 0.98 1.15
Sales Tax 8.25% 10.25%
Minimum Wage $14.42/hr $15.80/hr
LLC Filing Fee $50 $150

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