Winery Startup Cost Comparison
Greeley, CO vs Chicago, IL
Greeley, CO
$71,000 - $792,000
COL Index: 97.5
VS
Chicago, IL
$91,000 - $1,210,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Greeley, CO | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Alcohol Licenses
|
$2,000 - $10,000 | $5,600 - $10,900 | -27% |
|
Vineyard or Grape Supply
|
$7,000 - $208,700 | $19,600 - $587,000 | -64% |
|
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
|
$9,200 - $92,000 | $11,500 - $115,000 | -20% |
|
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)
|
$19,500 - $146,300 | $21,600 - $161,700 | -10% |
| Total Estimated Cost | $71,000 - $792,000 | $91,000 - $1,210,000 | -34% |
Local Market Factors
| Factor | Greeley | Chicago |
|---|---|---|
| Cost of Living Index | 97.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $10 - $22 | $25 - $65 |
| Labor Rate Index | 0.92 | 1.15 |
| Sales Tax | 9.29% | 10.25% |
| Minimum Wage | $14.42/hr | $15.80/hr |
| LLC Filing Fee | $50 | $150 |
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