How Much Does it Cost to Start a Fancy Restaurant?
Opening a fine-dining establishment can be an expensive proposition. In fact, it is not uncommon for an owner to invest hundreds of thousands of dollars into their restaurant. Everything must be considered, from the food and drink to the decor and waitstaff.LocationFinding a good location and negotiating a lease can take a big bite out of your budget, with many retail leases running thousands of dollars a month. Depending on your negotiating skills, you may even start paying long before you open your doors. In fact, the Quantified Marketing Group estimates it can take you as long as 12 weeks to prepare the space before you see any revenue.DecorThe decor of your restaurant draws people in and creates ambiance. It can also drain your coffers of all your cash. Nice spaces don’t happen on a whim. Expensive designers, builders and decorators make your vision real…for a price. Those attractive chairs can cost $500 each, and the bar stools could set you back over $1,000. Designing and decor
