How Much Does It Cost To Open a Restaurant? 2020 Restaurant Startup Costs
How Much Does It Cost To Open a Restaurant? 2020 Restaurant Startup Costs
Being a restaurant owner is hard work, but it’s rewarding. If you’re considering getting into the industry, there’s one big question you’re probably wondering: How much is this going to cost? Restaurant startup costs can be seriously expensive, which is an obstacle to many would-be restaurant owners.The most difficult parts of being a restaurant owner are the beginning phases of opening your restaurant. In this stage you have to see what draws in customers, where you can cut expenses, how to improve the customer experience without spending money, and so on. So, how much does it cost to open a restaurant? Let’s look at the most common costs restaurant owners must face.Restaurant Startup CostsSimply put, the median cost to open a restaurant is around $375,000. That’s a good estimate to give you an idea of what your price range should be, but by no means is that number set in stone. Some estimates say it costs abou…