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.
You can, however, expect to spend several hundred thousand dollars to start your establishment. A 2009 survey by Restaurant Startup and Growth Magazine found that the average owner spent $451,966 to get his restaurant up and running -- not including the acquisition of real estate.he 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.