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.
An industry survey by RestaurantOwner.com prior to August 2011 reports the average (total reported amount divided by number of respondents) startup cost for restaurants not purchasing land as $451,966 with the median at $225,000, while average costs that included purchasing land ran $700,866 with a median of $375,000.he average restaurant kitchen absorbs 29 percent of the total square footage according to the survey and is not cheap to equip, though purchasing used equipment will lower costs.