Winery Startup Cost Comparison

Daytona Beach, FL vs New York, NY

Daytona Beach, FL

$71,000 - $834,000

COL Index: 94.2

VS

New York, NY

$125,000 - $1,821,000

COL Index: 187.2

Detailed Cost Comparison

Expense Daytona Beach, FL New York, NY Difference
Business Registration & Alcohol Licenses
$2,000 - $10,000 $5,300 - $17,100 -46%
Vineyard or Grape Supply
$8,700 - $260,900 $34,800 - $1,043,500 -75%
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 $14,500 - $145,000 -40%
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 $37,400 - $280,800 -50%
Total Estimated Cost $71,000 - $834,000 $125,000 - $1,821,000 -53%

Local Market Factors

Factor Daytona Beach New York
Cost of Living Index 94.2 187.2
Commercial Rent ($/sqft/yr) $12 - $28 $40 - $120
Labor Rate Index 0.87 1.45
Sales Tax 6.5% 8.875%
Minimum Wage $13.00/hr $16.00/hr
LLC Filing Fee $125 $200

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