| So you are thinking about opening up a restaurant. | | | | want to know what you were doing did you? The |
| Congratulations...but beware. There is quite the | | | | permits you will need will also have to be figured |
| demand for good restaurants but you have to do | | | | into the cost of opening your restaurant. Permit |
| a bit of research before you "take the plunge". In | | | | fees can range from a few hundred to several |
| this article we will be focusing on the cost to open | | | | thousand dollars, so you need to be sure to do all |
| a restaurant. Here are some of the things that | | | | your homework. |
| you are going to need to check out: | | | | The Cosmetics |
| The Location | | | | Here is an area where costs can really add up. |
| You are going to need to lease a place for | | | | You want your restaurant to look the best, and |
| starters. The cost of this can vary depending | | | | this will involve getting fixtures, pictures, lights, |
| upon the location. A large city might charge you | | | | paint, dinnerware, table cloths...the list goes on. |
| around $40 per square foot, but you can expect | | | | Depending on how elaborate you want to be |
| to get the same amount of land a lot cheaper in | | | | these costs can range from hundreds to |
| a rural location. Along with the lease there are the | | | | thousands of dollars. |
| additional costs of taxes, insurance, and | | | | The Marketing and Advertising |
| maintenance. It is not uncommon for these | | | | Once you have your restaurant up and running |
| expenses to total around 9-11% of annual sales. | | | | you are going to want to tell the public about it. |
| The Size | | | | Possible options are radio, newspapers, television, |
| The next thing you will need to take into account | | | | magazines, and business cards. This is a |
| is the size of the restaurant you plan to open. As | | | | necessary expense, and the profit is the |
| you can well imagine, a small restaurant with 25 | | | | customers who come to your place to eat. |
| seats will cost you a lot less than a larger | | | | The Inventory |
| restaurant with 175 seats. | | | | You are going to need some day-to-day supplies |
| The Type of Food | | | | to run your restaurant. Consider all the food, |
| The type of food you plan to serve can have a | | | | ingredients, beverages, cookware, etc. that you |
| huge impact on your expenses. If you are | | | | are going to need. Expenses of this sort can add |
| planning on opening a seafood restaurant lobster | | | | up to $10,000 or more... |
| can get quite expensive. It can also be expensive | | | | The Conclusion |
| to store lobsters as they will require refrigeration. | | | | One of the most important things you can |
| If you are planning on opening a "rice and beans" | | | | consider when opening a restaurant is the financial |
| restaurant you won't have to worry about food | | | | side. You have to make sure that you have |
| costs as much. A small café or coffee shop will | | | | enough money to get you started, and keep you |
| have minimal food expenses. | | | | going until the customers arrive. All the best with |
| The Permits | | | | your new business venture. |
| You didn't think that the government wouldn't | | | | |