But the devil is in the details. When that stress response is turned on 24/7âthe way it is for a lot of usânothing good happens. Itâs like speeding down the 405 freeway in first gear. That first gear can be a lifesaver if youâre trying to get up a steep hill, but itâs death to your transmission if youâre driving 75.
You will generally find that the total cost per square foot of your restaurant will run about $150-$200, excluding land costs. This means that if you plan on opening a restaurant with a square footage of 3,000, your total costs will be approximately $450,000-$600,000. Keep in mind that this is a general range only.
You'll need a location for your restaurant, which you can purchase or lease. You'll also need to purchase all cooking equipment, restaurant items, including tables, chairs, plates, glasses and silverware, food and worker uniforms. Don't forget the legal fees to start your business and the salary of your employees. All in all, it can cost $250,000 to $2 million to start a restaurant business, depending on the type of restaurant that you're starting. The type of restaurant that you plan to start has a big effect on the cost. If you're starting a pizzeria, for example, you'll need large pizza ovens and maybe a fryer for frying, but if you are starting an upscale dining establishment, you'll need several burners and possibly grills to cook the food.