The Master Chef’s Guide to Startup Costs for Your Restaurant

Mar 2, 2020

The Master Chef’s Guide to Startup Costs for Your Restaurant

Have a dream to become a world-renowned chef who cooks delicious eats for a living? Do you daydream of the day when sizzling bacon and deep-fried chicken will pay your bills and improve your livelihood? Welcome to the restaurant industry, friend. It’s a dog-eat-dog world where only the most driven and talented entrepreneurs survive. Fortunately for you, by reading this article, you’re already proving you’re a step ahead of the game in securing your startup restaurant’s success.

Every aspiring restaurant owner’s dream looks a little different. Some imagine traveling from city to sprawling city in a classic food truck, serving up meals on wheels everywhere from the local pier to the downtown plaza. Others fancy a packed bar on the weekends, crammed to capacity with happy customers looking for drinks, a round of pool, or a comfy seat for the big football game. And others think of the prestigious journey—building a restaurant of the highest standards and earning each much-sought-after Michelin recognition 1 star at a time. Regardless of your restaurant ambitions, you’re going to need a little cash to make your dreams a reality.

That’s why we put together this guide to help you calculate the costs of starting your restaurant! We want to give you all the information and tools you need to accurately predict your expenses. With the right expectations, you’ll know exactly how much capital and financing you’ll need to build your empire. And since cash flow is one of the biggest startup killers, dialing in your numbers is probably more important than nailing your great-great-grandma’s secret family recipe.

Before we dive into the nitty-gritty calculations, you need to know what you’re up against. We don’t share these numbers to deter you—we just don’t want you to run off all willy-nilly into the wilderness chasing adventure like Bilbo Baggins. We simply want to give you clear expectations regarding your journey ahead. Here’s what you can expect.

About the Author

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Jesse Sumrak

Jesse Sumrak is a Social Media Manager for SendGrid, a leading digital communication platform. He's created and managed content for startups, growth-stage companies, and publicly-traded businesses. Jesse has spent almost a decade writing about small business and entrepreneurship topics, having built and sold his own post-apocalyptic fitness bootstrapped startup. When he's not dabbling in digital marketing, you'll find him ultrarunning in the Rocky Mountains of Colorado. Jesse studied Public Relations at Brigham Young University.

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