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.
AVERAGE COST of Restaurant Renovation. 1  1. Tenant improvement funding from Landlord. Five to Ten percent of the total cost can sometimes be compensated for qualified tenants. 2  2. Existing Conditions. If you are only remodelling a restaurant, the average cost may start from $100,000. 3  3. Equipment Cost.