How Much Does it Cost to Start a Restaurant?
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Venturing into the wonderful world of food is an exciting journey. Not only will you be testing out new recipes and pleasing the palates of many, but you'll also create the perfect ambiance to accompany main courses, side dishes and the like.
Now, before actually opening your restaurant, you need to figure out a budget. Questions regarding the amount you have saved, how much you're willing to spend and what amount you want left over will factor into this decision.
What exactly is the cost of starting a restaurant though?
The Figures
Well, according to Forbes Magazine article entitled "How To Run A Restaurant: start-Up Costs" by Maureen Farrell, the amount will likely vary from $100,000 to $300,000. A large gap clearly exists between these numbers, and you want a better sense of toward which side your budget should lean. You'll need to consider the following factors when estimating a more firm number. Size of the Restaurant
How big or small the restaurant shall be is a huge factor when determining the cost. A little beach side eatery with a few plastic tables and umbrellas will cost a good deal less than a formal restaurant with seating for hundreds of people as well as a space for large wedding receptions and other celebrations. Places that are more middle of the road will, of course, fall in between the two extreme price ranges.
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