KRG Hospitality
Know the cost.
Plan your next move.
Explore the capital needed to open your concept, before the expensive decisions.
Calculating your estimate...
Capital planning
Your opening budget
Where the budget goes
Amounts inFull comparison
One size. Five possibilities.
| Concept | New build | Second generation |
|---|
Select a concept above to explore its budget. The comparison uses the same square footage for every concept.
Understand the estimate.
Planning estimates based on KRG cost-guide benchmarks. Actual costs depend on location, site condition, scope and supplier pricing. Property purchase, business acquisition and location-specific taxes are not calculated separately. A second-generation space is an existing hospitality space that can be adapted to the proposed concept. These estimates do not validate a specific site or concept.
New-build ranges follow the guide's low, average and premium budgets. The second-generation estimate is a single benchmark. Amounts are rounded for display.
Before you commit
A budget is the beginning.
Clarity comes next.
Pressure-test your concept, site, capital and next steps with the KRG Roadmap.
These guides are founded upon KRG Hospitality’s proprietary database of previous project costs, which includes project data from restaurants, bars, hotels developed over the past 24 months. Drawing upon this comprehensive guide, an industry leading expert has analyzed the information and provided a succinct and user-friendly summary of the findings for each major start-up category. While using this guide helps develop a rough preliminary financial and strategic milestone plan, it is strongly recommended that you seek professional expert advice to provide a more precise, project-specific estimate as each concept and market will be slightly different. KRG Hospitality Inc. is therefore not responsible for any project that is not currently under contract with the company.