If you are a new business, you need to figure out your startup prices, the total price of your equipment, and the wage you will have to pay your staff. By doing some research ahead of time and calculating how much you will be spending, you can also come up with your budget and business plan.
What is the average price of running a kitchen – how much does it cost to open a restaurant?
Before you can open a restaurant, you need to know the average price of building, opening, and operating a kitchen when it comes to churning out high-quality food for your cafe, restaurant, or catering service. The typical price of opening a kitchen is usually between $450,00 and $550,000.
Although this might seem quite high, you need to remember how much profit you can earn from having high-quality kitchenware and cooking equipment. If you skimp on this part of our budget, then you will not have high-quality chefs, expensive and trustworthy equipment, or the proper food licenses and permits.
The following article will provide detailed answers to the question how much does it cost to open a restaurant!
Average kitchen costs
Some of the main costs that are included in the total price of opening a kitchen are the kitchen construction, which is between $250,000 to $350,000 on average, kitchen equipment for a price of up to $80,000 spending on your business type, food licenses and permits costing around $10-$12,000, food inventory, and the wages of your line cooks, sous chefs, head chefs, and kitchen staff.
Determine your kitchen needs
One of the main factors that can influence the price of your kitchen opening costs is the kitchen needs. Are you a juicing company and you just need a blender and juicers for most of your work? Or are you a 5-star restaurant that needs expensive cooking equipment? Finding out your kitchen needs can drastically influence the total price of the opening budget.
- Think about the items and the equipment you need for your kitchen – based on the type of restaurant you will open and your business plan, you can figure out what types of food you want to prepare, how many customers you are expecting per day, and the type of food you will be preparing.
- Consider how your business will grow as you get older – make sure that you accommodate the increased number of customers that you will have to deal with as your business grows in popularity and size.
Coming up with your average kitchen costs, such as the price of the equipment, the price of the staff, and the price of the licensing, you can determine how much you will need to spend upfront for your new business venture. The price of opening a restaurant will differ depending on your kitchen needs and business plan. When asking yourself how much will it cost to open a restaurant, make sure you take into account all of these aforementioned factors so you can budget accordingly, make smart decisions moving forward, and influence your business plan!