Just like any big investment, most people require financial assistance in the form of a bank loan to afford the startup costs. We’ll help you weed through the individual costs of starting a restaurant so you can create a reasonable budget and acquire the funding you need. We also include ways to save on the cost factors.
How much does it cost?
The median cost of opening a restaurant is $275,000 or $3,046 per cover for a leased space, according to a recent survey. This number jumps to $425,000 or $3,734 per cover with an added land purchase. Numbers like this can be slightly deceiving because there is no one-size-fits-all answer to this question. The cost of your restaurant will be affected by a number of factors, including the location of your business, your restaurant concept, and whether you choose to lease or buy your space.