![]() While there a lot of expenses here, they can be managed using expense tracking software. It’s true you have to spend money to make money-here are the main areas you’ll be spending on. There are a number of ongoing costs that come along with restaurant ownership if you want to thrive. This informed his and his partner’s decision to make their startup a takeout-only restaurant at the outset.” in Philadelphia, noted that: “It would have cost $30,000 to make our restaurant accessible at the outset. Mike Metzger, co-owner of farm-to-table, nose-to-tail restaurant Stockyard Sandwich Co. Accessibility to the disabled persons - if you have a sit-down restaurant, depending on your location, you may have to pay a hefty amount to ensure your restaurant has an accessible ramp and bathrooms to accommodate disabled patrons.To make it really count, you’re looking at about $20,000 to $30,000 up front. Signage and advertising – you’ll want to make a splash with your grand opening.Expect to pay approximately $20,000 for a Point-of-Sale (POS) system or similar type of technology. Ordering and payment technology (POS systems) – if you want to stay open, you’ll need a way to be paid, keep track of orders, and keep track of your inventory.However, on average, you can expect to spend $80,000 on tables, chairs, decor and more. Tables, furniture and tableware – this cost can vary based on the quantity and quality you opt for.Looking for quality, used equipment in good working condition can save you some much-needed capital. Some restaurants that may recently have gone out of business often sell their wares online to recover costs. One money-saving option is to look for second-hand equipment. Many restaurant startups can overspend when it comes to purchasing equipment. In addition to your cooking equipment (stoves, industrial mixers, griddle, etc.), you’ll also need proper refrigeration and a commercial dishwasher. Kitchen and cooking equipment – starting from the ground up, you could spend as little as $50,000 for a small-scale operation or upwards of $150,000 for a larger setup. ![]() Including your kitchen, costs to remodel a restaurant can climb to $250,000 to $350,000. Building improvements – this applies more to building owners, but remodeling costs are often necessary to get your space set up for your particular needs.Running this information past your legal team before signing any contract may save you more money in the long haul. Always conduct your due diligence with your county’s Public Records Department, making note of multiple changes of ownership, temperature or insect infestation violations, etc. An attorney can be especially valuable when it comes to signing contracts. Expect to spend anywhere from $500 to $2,000 to have a lawyer at your disposal to review documents on your behalf. As a result, you’ll need help from an experienced lawyer to make sure your operation is legal. Legal/processing fees – there’s a lot of paperwork and even more legalities involved in business formation.Individual permits could range from $100 to $300. Cost vary, so you’ll have to find out what local permits are required and how much they are for your locality. Business licenses/permits – this includes city licensing fees, liquor permits and compliance permits such as health and safety.If you’re planning on taking out a loan to purchase the building, you’ll want to have at least 10% of the purchase price as a down payment. A lease security deposit ranges from approximately $2,000 to $12,000. Lease security deposit/loan down payment – this cost varies a lot, mainly by size and location of your restaurant.kitchen and cooking equipment, tableware and linens.) may eventually need to be replaced down the line due to general wear and tear. the security deposit on the building), while others (i.e. ![]() Keep in mind that some of these are true one-time costs (i.e. One-time costs are exactly what they sound like-the things you only have to spend money on just once.
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