In America, there are over 900,000 restaurants employing 14.4 million people with a total revenue of $611 billion for 2016. Restaurants are becoming a part of the American lifestyle and have been for the past 70 years. The restaurant industry created ideas like fast food, fast casual and eventually service sectors like call centers in order to provide food without creating issues such as lack of space.
The average cost to build a restaurant varies depending on who you’re asking.According to the National Restaurant Association’s Restaurant Industry Forecast, which was last revised in January 2016, it costs $206,100 to open and operate a single-site, limited-service restaurant. Multisite or full-service restaurants incur higher startup costs.
The average cost to build a restaurant ranges from $1,200 to $4,000 per square foot. The average cost of building a fast food restaurant is about $1,200 per square foot. The most expensive restaurants can range from $2,500 to $4,000 per square foot.
The average cost to build out a restaurant will vary depending on where you live and the type of food that you serve. For example, if your restaurant serves lower-priced cuisine then it will cost less than if it were serving gourmet meals.
The average cost for fast food restaurants is around $40 per square foot when you consider all costs associated with construction and startup costs. If you’re looking to open a sit-down restaurant then it may be more expensive because you’ll have higher overhead costs such as labor and utilities.
A fast food restaurant’s average cost per square foot is $4,000, while a full-service restaurant costs about $5,000 per square foot. Building a restaurant from scratch can cost between $300 and $500 per square foot for standard construction. That figure includes the cost of labor, materials and permits.
The average cost of building a fast food restaurant is around $1 million, according to the U.S. Bureau of Labor Statistics (BLS). The average price tag for a full-service restaurant is $1.5 million.
Average Cost to Build Out a Restaurant
If you want to open your own place but don’t want to go through the process of building it yourself, you can hire someone else to do it for you. The average cost of outfitting an existing structure for use as a commercial restaurant depends on what kind of equipment you need and how much space there is in your building.
Fast Food Restaurant Costs
If you have enough money in your budget, fast food restaurants are one way to go when opening your first business because they require less capital than other types of restaurants do. Fast food establishments don’t need
Average Cost to Build a Restaurant
The average cost to build a restaurant will vary depending on location, size, and the type of cuisine the restaurant serves.
If you’re looking for the average cost to build a fast-food restaurant, your best bet is to start with a small unit and work your way up. The average cost of building a fast-food restaurant ranges from $300,000-$500,000. Keep in mind that this number includes everything from building construction to equipment and furniture expenses.
The average cost to build a casual dining restaurant ranges from $1 million-$2 million and can go up depending on how much equipment you want or need for your restaurant.
A fine dining establishment will run anywhere from $3 million-$5 million in terms of construction costs alone; however, this does not include equipment or other expenses related to operating and maintaining your business.