Comments on: How much money does it take to start a fancy restaurant? http://grumpyoldtrucker.com/HotFinancialTrends/2009/07/how-much-money-does-it-take-to-start-a-fancy-restaurant/ Brought to You by Grumpy Old Trucker Sat, 09 Jan 2010 17:24:58 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: angelady3 http://grumpyoldtrucker.com/HotFinancialTrends/2009/07/how-much-money-does-it-take-to-start-a-fancy-restaurant/comment-page-1/#comment-8459 angelady3 Thu, 09 Jul 2009 17:58:37 +0000 http://grumpyoldtrucker.com/HotFinancialTrends/2009/07/how-much-money-does-it-take-to-start-a-fancy-restaurant/#comment-8459 If all the equipment is there, you would have to buy it from the owner, do renovations and interior design... and probably exterior design, too. If you're good with your money and creative, perhaps $25,000 - $50,000 on top of what you bought the established business for. Then, you still need an advertising/promotional budget, employee expenses covered for the first 6 months of business, etc, before you should even consider it. If you don't have that put to the side, do not even start it as you may be doomed to fail and lose everything you have in it. If all the equipment is there, you would have to buy it from the owner, do renovations and interior design… and probably exterior design, too. If you’re good with your money and creative, perhaps $25,000 – $50,000 on top of what you bought the established business for. Then, you still need an advertising/promotional budget, employee expenses covered for the first 6 months of business, etc, before you should even consider it. If you don’t have that put to the side, do not even start it as you may be doomed to fail and lose everything you have in it.

]]> By: eric h http://grumpyoldtrucker.com/HotFinancialTrends/2009/07/how-much-money-does-it-take-to-start-a-fancy-restaurant/comment-page-1/#comment-8460 eric h Thu, 09 Jul 2009 17:58:37 +0000 http://grumpyoldtrucker.com/HotFinancialTrends/2009/07/how-much-money-does-it-take-to-start-a-fancy-restaurant/#comment-8460 Can be as much as $250,000, depending on the syle you want and the renovations you require. For a fancy restaurant, I would say a minimum of $50,000. Be aware that restaurants have an extremely high mortality rate. It's one of the easiest businesses around where you can lose your shirt in a hurry . Can be as much as $250,000, depending on the syle you want and the renovations you require.

For a fancy restaurant, I would say a minimum of $50,000.

Be aware that restaurants have an extremely high mortality rate. It’s one of the easiest businesses around where you can lose your shirt in a hurry .

]]> By: Henry The Dog http://grumpyoldtrucker.com/HotFinancialTrends/2009/07/how-much-money-does-it-take-to-start-a-fancy-restaurant/comment-page-1/#comment-8461 Henry The Dog Thu, 09 Jul 2009 17:58:37 +0000 http://grumpyoldtrucker.com/HotFinancialTrends/2009/07/how-much-money-does-it-take-to-start-a-fancy-restaurant/#comment-8461 Go to http://www.score.org/template_gallery.html and download the Excel template for estimating start up costs. Go to http://www.score.org/template_gallery.html and download the Excel template for estimating start up costs.

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