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.
Getting a business consultancy or day care business up and running typically costs $10,000 to $50,000, according to Entrepreneur magazine. The average cost to open a restaurant is $494,888 with no land purchase and $735,326 if land is included, according to Restaurant Startup & Growth magazine. Filing fees to set up a limited liability company start at $50 and can reach upward of $800, according to Costhelper.com.