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.
Most entrepreneurs break down the cost of their restaurant into price per square foot. The typical establishment needs about 4,000 square feet, according to RestaurantOwner.com. Assuming you purchase land, expect to spend between $56 and $250 per square foot.If you opt to lease or rent space, your costs go down to $42 to $159 per square foot.Although not always necessary, accepting credit can boost sales, but you pay a fee for each transaction.Restaurants usually pay 1.8 and 2.5 percent of their credit sales to their credit card processor.f you opt to lease or rent space, your costs go down to $42 to $159 per square foot. Although not always necessary, accepting credit can boost sales, but you pay a fee for each transaction. Restaurants usually pay 1.8 and 2.5 percent of their credit sales to their credit card processor.