5 Effective Tips to Open a Restaurant With Minimum Budget
Not all people open a restaurant. People driven by passion, inspiration and creativity choose the hospitality industry, especially, food. Creating a world of culinary inventions and lovely interiors for the world to experience unforgettable dining moments is what restaurateurs wish to achieve. Looking beyond these ambitious plans is the bitter reality of expenses. It is an undeniable truth that opening a restaurant is an expensive endeavor. Even opening a modest neighborhood restaurant will cost anything up to $25,000 . And if you wish to start a fine-dining restaurant, you might have to burn up nothing less than $ 1 million before opening it up for the public. After surveying nearly 500 restaurant owners , it was found that the median cost of opening a new restaurant was approximately $ 275,000. Anybody intending to open up a restaurant will definitely work out a ‘perfect’ budget in advance. But, it is most likely that they spend over 15% of their estimated expenditure. So, how will y