Not only does opening a restaurant involve time, energy, and a lot of preparation, it also involves a significant amount of financial investing. There is no fixed price on the amount it costs to open a restaurant because the costs depends on a number of factors that include the size of the restaurant and the number of seats, location of the establishment, type of food being served, the equipment required, and the type of restaurant. Depending on what you want, it can range from as little as $25,000 to over a million dollars.
Location: Fees to lease an establishment can vary not only to a local location, but also across the country. A large city may charge $40.00 per square foot, while a rural location may be cheaper. You also have to consider taxes, insurance, and maintenance costs which can vary. One industry standard is that leasehold costs run “about 9% to 11% of annual sales.”