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you probably won’t be able to open a business for that small of an investment. i should point out that i put in more than a fair share of sweat equity to get this business off the ground. in general, you should plan to budget between $100 and $1000 to get all of your paperwork in order. you may be able to spend as little as $3,000 on a few odds and ends in the kitchen (such as new shelving, or a piece or two of used equipment), all the way up to $150,000 or more for a from-scratch build.
depending on the space you’ve rented and where you live, you’ll need to budget somewhere between $1,000 and $10,000 for your monthly rent. of course, the cost to keep employees happy will vary, based on where your business is located, and how much staff you maintain. you get a frantic call at 3 in the morning from one of your line cooks, who walked into the walk-in refrigerator to find the compressor blown and all of your inventory sitting at a bacteria-friendly 75 degrees. most businesses will fall somewhere in the middle of this scale; it’s up to you to use these figures as a baseline for budgeting, planning, and potentially seeking investors for your particular concept. this is a way to brainstorm the viability of your business in under 30 minutes.
wondering what it might cost to open a small restaurant? download my cost spreadsheet for free. check out sage’s restaurant startup cost worksheet and hear advice from breaking down restaurant startup costs. a free spreadsheet to estimate your business startup costs, with a sample customized for restaurant start up costs., restaurant startup costs breakdown, restaurant startup costs breakdown, restaurant budget template excel, restaurant startup costs checklist, business start up costs worksheet pdf.
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