The costs to start a bar or restaurant have been on a steady rise over the past 2 to 3 years, particularly with the increase in labor, construction, equipment, and the unique materials required to deliver a scalable, sustainable, memorable, profitable, and consistent on-premise, off-premise, or hybrid concept. With the results of COVID-19 and the recent levels of interest and inflation, there will be an opportunity to lower this average by finding a more turn-key venue. However, that will be on a case-by-case scenario.
* Disclaimer: As with any online calculator, this free calculator is to be used as an initial reference point. Every project is unique in its own way. Property and leasing costs, equipment, and renovation costs will heavily fluctuate based on market, concept, and the status/condition of a chosen property. Please start below by entering a desired square footage from 600 to 4,000 square feet of space and clicking submit (budgets are in USD before tax).
|Business Setup Budget||Average Cost|
|1st Month Lease||$0|
|Licenses & Permits (not incl. Liquor in USA)||$0|
|Kitchen & Bar Budget||Average Cost|
|Smallwares & Takeout||$0|
|Training & Opening Inventory|
(2x-3x) - if selling alcohol
|Initial Staffing & Training||$0|
|Marketing & Tech Budget||Average Cost|
|Soft Opening Strategies||$0|
|Launch Month Strategies||$0|
|Marketing Agency & Promo||$0|
|Miscellaneous Budget||Average Cost|
|Misc. + Cash-Flow + Interest||$0|
|Renovation Budget||Average Cost|
|Renovation Breakdown||Average Cost|
|Doors and Trim||$0|
|Glass and Glazing||$0|
|Floor & Ceiling Finishing||$0|
|Counters & Millwork||$0|
|Fire Protection Systems||$0|
|HVAC + Hood Systems||$0|
|Ideal Annual Sales||$0|
|Ideal Annual Profit||$0|
|Ideal Profit Objective %||15%|
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The guide is founded upon KRG Hospitality’s proprietary database of previous project costs, which includes project data from restaurants, bars, and cafes 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.