Winery Startup Cost Comparison

Denver, CO vs New York, NY

Denver, CO

$87,000 - $1,143,000

COL Index: 118.5

VS

New York, NY

$125,000 - $1,821,000

COL Index: 187.2

Detailed Cost Comparison

Expense Denver, CO New York, NY Difference
Business Registration & Alcohol Licenses
$2,100 - $10,000 $5,300 - $17,100 -46%
Vineyard or Grape Supply
$16,700 - $502,200 $34,800 - $1,043,500 -52%
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
$11,800 - $118,000 $14,500 - $145,000 -19%
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)
$23,700 - $177,800 $37,400 - $280,800 -37%
Total Estimated Cost $87,000 - $1,143,000 $125,000 - $1,821,000 -37%

Local Market Factors

Factor Denver New York
Cost of Living Index 118.5 187.2
Commercial Rent ($/sqft/yr) $22 - $55 $40 - $120
Labor Rate Index 1.18 1.45
Sales Tax 8.81% 8.875%
Minimum Wage $18.29/hr $16.00/hr
LLC Filing Fee $50 $200

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