Winery Startup Cost Comparison

Daytona Beach, FL vs Chicago, IL

Daytona Beach, FL

$71,000 - $834,000

COL Index: 94.2

VS

Chicago, IL

$91,000 - $1,210,000

COL Index: 107.8

Detailed Cost Comparison

Expense Daytona Beach, FL Chicago, IL Difference
Business Registration & Alcohol Licenses
$2,000 - $10,000 $5,600 - $10,900 -27%
Vineyard or Grape Supply
$8,700 - $260,900 $19,600 - $587,000 -56%
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
$8,700 - $87,000 $11,500 - $115,000 -24%
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)
$18,800 - $141,300 $21,600 - $161,700 -13%
Total Estimated Cost $71,000 - $834,000 $91,000 - $1,210,000 -30%

Local Market Factors

Factor Daytona Beach Chicago
Cost of Living Index 94.2 107.8
Commercial Rent ($/sqft/yr) $12 - $28 $25 - $65
Labor Rate Index 0.87 1.15
Sales Tax 6.5% 10.25%
Minimum Wage $13.00/hr $15.80/hr
LLC Filing Fee $125 $150

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