me and 2 of my good friends are trying to open a restaraunt , and we need an idea of how much it will cost to rent a building and all the extra stuff like furnuture and computers and other things so if you have a ny good advice please write thanks
2007-12-15 16:21:14 · 6 answers · asked by Anonymous in Dining Out ➔ United States ➔ New York City
i done a mock business plan on a restaraunt, in the city with square footage around 700 would run you 16k per month. a computer system cost no more than 8k and same for the kitchen. furniture varies since it depends on the customer's budget. a sub-zero fridge cost like 5k ithink. if you want i can provide you the plan...
2007-12-15 16:34:25 · answer #1 · answered by imdubdabass 2 · 1⤊ 0⤋
Property will depend on location obviously, a sq. ft. in e.Village is different from sq.ft. on 5th and 57th. Generally furniture is bought not rented but I'm sure rental can be found. Computer systems vary. Market leaders are Micros, Positouch and Squirell.
As far as advice goes:
Have a managing partner that has worked in the industry in NYC for at least 10 years in that capacity. This is one of the hardest places to open and successfully run a restaurant. It's not nearly as simple as getting a property and coming up with a menu. There are close to 25,000 restaurants in NY, most are closed within a year. You should have at least 3 months worth of operational costs in your business banking account at the point of opening, this is to cover vendor bills, salaries, unexpected emergencies, rent, utilities. One bad week can cripple u for a month. Make sure u have a solid business plan, not just an idea, but a business plan with very pessimistic prognosis worked into it. Remember it will take months longer to open than the contractors tell you. Also make sure that your concept will work, if you want to open a pizzeria in bensonhurst you should probably just drop it and go back to your day jobs. If you really interested, try contacting me via e-mail with some specific questions and I'll answer them as much as I can. I've been working restaurants in Manhattan for the last 15 years, and have several openings behind me.
2007-12-16 16:05:54 · answer #2 · answered by abraksith 2 · 0⤊ 0⤋
I can't help with the rental costs since I don't know NYC rates. However, you will need to start with a LOT of money. Between the rent, insurances, permits, fees, licensing, equipment, installation, inspection, liquor licensing and dram shop, hiring an accountant, city fees, decorating, and a LOT of money left in an account for when things break, it all adds up quite quickly.
To get an idea of what new equipment costs, check out www.superprod.com. I've bought from them before. But your best luck is to try to find used stuff at either a restaurant auction, or get to know your local restaurant supply houses. They can usually undercut Superior Products (if they like you) prices, and often they have a large warehouse or backroom full of used stuff for cheap.
Good luck, it's a lot to handle. If I can help in any way, email me.
2007-12-16 05:22:35 · answer #3 · answered by chefgrille 7 · 0⤊ 0⤋
If you really want to open a restaurant.Get yourself a business plan and talk to others that own there own restaurant.Besure to remember the 3 L's...
Location,Location,Location......
It's very easy to fail in the restaurant business....Please do your homework on it.
2007-12-15 20:18:27 · answer #4 · answered by allexgirl 6 · 0⤊ 0⤋
Does one of your friends speak English? One of you will need to sign the bankruptcy papers when it folds in 6 weeks.
2007-12-16 11:28:39 · answer #5 · answered by Anonymous · 0⤊ 1⤋
First, you learn how to cook...
2007-12-15 16:44:58 · answer #6 · answered by alexiscarls 5 · 0⤊ 1⤋