The cost of starting a restaurant can be anywhere between ₹5 lakhs to ₹2 crores. Higher the budget, higher the profits – but if you are a new restaurateur, it’s safer to start a small restaurant/fast food business. Use consultants & chefs to create a menu.

How long does it take for a restaurant to make money?

Profitability depends on many factors including the size and type of restaurant, as well as economic ones. It takes an average of two years for a new restaurant to turn a profit. Unfortunately, there is a very high restaurant failure rate. This is due to a lack of funding or planning for the slower first few years.

How much does it cost to open a new restaurant?

The total investment (excluding land and soft costs) usually ranges between $250,000 – $2.5 million, and the average size ranges between 1,200 – 10,000 square feet. Here are some averages for major restaurant companies, and the distribution of their opening costs.

How much does it cost to set up a quick service restaurant?

About Rs 2,30,000 is invested in setting up the kitchen. Lastly, raw materials such as groceries, packaging, dairy, and poultry will cost you Rs 20,000 for the first five days of the operations, depending upon the sale you make in the first five days. 5. Marketing Of The Quick Service Restaurant

How much does it cost to rent a restaurant?

According to the global restaurant consultants, Aaron Allen & Associates, rents for a typical restaurant ranges between $150 – $750 per square foot, in the US. A Quick Service Restaurant or Cafe don’t necessarily take up a large space and therefore their cost of rent will be low.

What’s the average cost per square foot for a restaurant?

The average restaurant operates with sales per square foot of $513.70. The average cost to build of $404 per square foot includes just the build-out cost. Some of the other costs that often go underestimated (or in the worst cases, forgotten) include the following items (and hundreds more scattered across more than a dozen cost categories).