But the devil is in the details. When that stress response is turned on 24/7âthe way it is for a lot of usânothing good happens. Itâs like speeding down the 405 freeway in first gear. That first gear can be a lifesaver if youâre trying to get up a steep hill, but itâs death to your transmission if youâre driving 75.
You will generally find that the total cost per square foot of your restaurant will run about $150-$200, excluding land costs. This means that if you plan on opening a restaurant with a square footage of 3,000, your total costs will be approximately $450,000-$600,000. Keep in mind that this is a general range only.
According to Restaurant Owner, which conducted an industry-wide survey prior to August 2011, start-up costs for bar establishments that rent range from $125,000 to $550,000. For owners who opt to own the premises, the cost is between $175,000 and $850,000.Another option is to purchase an established bar, which can cost as little as $25,000, according to Entrepreneur magazine.or owners who opt to own the premises, the cost is between $175,000 and $850,000. Another option is to purchase an established bar, which can cost as little as $25,000, according to Entrepreneur magazine.