Opening up a restaurant is likely your dream, but is it something that you’re able to afford at this time? Do not give up if you’re intimidated. Like any other big investment, many people require financial help in the form of a bank loan to help afford the startup costs. There are a few factors that go into opening up a restaurant, but where do you start? Today, we will help you weed through all individual costs of starting up a restaurant so you can create a budget and acquire everything you need. Read on to learn more!
How Much Does It Normally Cost to Open a Restaurant?
According to recent surveys, the median cost of opening up a restaurant is around $275,000 or $3,046 per cover for a leased space. This number can jump with added land. Numbers like this can be a bit deceiving since there is no one-size-fits-all answer to this age-old question. The cost of your eatery will be affected by numerous factors, like the location of your business, your restaurants’ concept, and whether or not you decide to lease or buy the space.
Foodservice equipment will be a big expense. Not only will you need cooking equipment like flat-top grills, ranges, and broilers, but you’ll need refrigeration units to store food items and warewashing equipment for dinnerware. If your restaurant has a bar, then you’ll need a tap system, underbar organization, and liquor displays too. Do not forget all of the pans, pots, smallware, and utensils you’ll need to make your menu items.
Tableware and Furniture
Your tableware and furniture budget will be tied directly to your restaurant’s concept. If you’re planning on opening an upscale restaurant with a more complex menu, you will probably want to invest in a real high-end set of furniture and elegant dinnerware. On the other hand, if you’ve got a short and easy menu concept, your furnishings and tableware will be more economical. Either way, you’ll need to make sure your tableware and furnishings are economical. If you need tablemats and placemats for your restaurant, H.C. Walterhoefer has got you covered.
Over 5,000 Products For Your Home or Business
At H.C. Walterhoefer, we have over 5,000 products ranging from paper goods to cleaning supplies to meet your personal or business needs. If you want something that we do not offer in our store, just ask us for it, and we will do our best to get it for you. Our store has everything you need! Stop by today to get supplies for your next event, all your restaurant needs, and the best cleaning products at the best prices. We even deliver! So call us today at 410-368-5070. We are located at 2331 Washington Blvd., Baltimore, MD 21230 and we are open from Monday to Saturday from 8 a.m. to 4:30 p.m. Follow us on Twitter, Facebook, and Google+ to stay up to date with everything H.C. Walterhoefer.