How Much Does It Cost To Start A Restaurant
To start here are some general start up cost ratios to follow. Smaller expenses permits equipment decor etc 15 of your projected sales.
The average price to start a restaurant ranges from just a few thousand dollars to millions of dollars with an average of 250000.
How much does it cost to start a restaurant. If youre leasing a commercial space youll need to pay a security deposit up front which will cost between 2000 and 12000. Construction cost per sq. Lets assume for illustrative purposes you will be purchasing a business for 150000 which includes an alcohol license.
Bump that up to 425000 or 3734 per seatif you want to own the building. Full-service franchise restaurants can run its new owners from 750000 to 3 million or more. If you are purchasing a restaurant bar or club business you need to have adequate money on hand as indicated below before you move forward with the acquisition.
How much does it cost to open a pizza shop or start a deli Or how much it may cost to start a high-end restaurant with unique fare The answers to these questions vary. Do what you can to ensure that your restaurant will be in good financial standing in the long run to make these monthly rent payments. You may contact the city of Pensacola for a calculation of your exact costs.
The cost of your business license fees will be dependent on the type of business you plan to conduct the number of employees you plan to hire and other information specific to your business. Construction cost- 70000. Major expenses real estate labor and foodbeverage 75 of your projected sales.
Or maybe youre wondering. Profit margin 410 of your projected sales. Thats a lot of money but how do you know exactly how much money youll need.
Restaurant equipment will cost 100000 to 300000 depending on equipment type whether its new or used or if you choose to lease or buy POS costs starting at 600 for hardware differs by vendor solution and number of terminals Marketing costs before launch like signage and advertising. Factors such as location location condition size and type of restaurant are all variable and can affect costs dramatically. Typical restaurant build-out costs range between 150 750 per square foot depending on the quality of materials used construction costs and other factors.
Most commercial leases require commitments of between three and five years. Startup cost per seat. The total investment excluding land and soft costs usually ranges between 250000 25 million and the average size ranges between 1200 10000 square feet.
With a lot of careful planning. These numbers can vary widely however based on the popularity and prestige of the franchise. Startup cost per sq.
Fast food restaurants cost the franchisee from 250000 to 1 million and up for initial set-up and franchise fee. Construction Cost- of Overall Startup. The costs to start a restaurant can vary extensively.
Our restaurant startup cost checklist. According to a survey from Restaurant Owner restaurant startup costs can range anywhere between 175500 and 750500. Total startup cost.
The average restaurant startup cost is 275000 or 3046 per seat for a leased building.
