How To Estimate The Cost Of Your New Restaurant, Coffee Shop Or Bakery Shop
For anyone considering setting up a restaurant, coffee shop or bakery shop, the first question that comes to mind is its cost. The total cost of such an enterprise is calculated as the sum of the cost of the equipment and furniture, cost of construction and permit fee.
The cost of equipment and furniture would include that required for the dining room and kitchen; while construction costs includes demolition cost, kitchen construction cost and dining remodeling cost; and lastly, a permit fee includes a city or county department permit fee, which includes a fee for health, building, fire, sewage, etc.
The fact that there are many variables that make up an estimated cost of such an enterprise makes it difficult to determine it exactly. However, there are a few steps that can help an entrepreneur come up with a realistic estimate before setting out on his or her enterprise. These are:
- Make out a detailed list of your menu and equipment.
- Prepare a business model in the minutest detail. This will help in determining your space efficiency. The needs of each commercial kitchen are different, so its layout is also different. So, you need to let your designer know your requirements in great detail before they make a floor plan for your enterprise.
- At this stage, your designer can design the layout of the kitchen space. If they know the kind of cuisine you will be specializing in here, the size of hood you need, what kind of burner, oven, griddle, etc. you’re looking at, they can design your kitchen accordingly. Your end goal is to use your kitchen space optimally and in compliance with all health and building laws.
- Now, with an equipment schedule in place and a floor plan, you can estimate your equipment cost. Get quotes from a number of vendors before you factor it into your costs.
- Find a suitable location for your enterprise and ensure that your city’s planning or zoning department will give you approval for use here. Find out from this department all the other permits you need and how to go about applying for them. This will normally include health, sanitation, fire and building.
- With the above permits in hand, now estimate the condition of your new location. You can get a rough estimate from contractors, but based on the condition of your new kitchen, you can now estimate the time it will take to get it ready, what materials they will use and the number of workers they will need to finish it in time.
- From here, it’s time to move on to find out the cost of designing the kitchen so that the dining room furniture and the total construction cost can be estimated. Your designer should ideally provide an economical solution at this stage. You will receive a 3D rendering of your kitchen plan, material board and list of vendors, and a rough estimate of the total costs.
- Since you’ve finalized your site, you can now get permit drawings after paying a fee for it which varies depending on the complexity of the drawings. You may also require MEP drawings.
- Your permit fees will be both project- and location-specific. Once your city department approves your plans, they will ask for an appropriate fee for a permit or plan checking fee for estimating the complexity of the job and the number of workers required to complete the job.
There are some restaurant design firms that do not sell furniture and equipment but direct clients to buy them from certain good stores.
For an enterprise to be successful, a lot of budget planning and control are required. This is possible only if you have professional help from a good firm, which can also help you save time and money in your construction costs. If you do receive a rough estimate without the proposed floor plan, your estimate will be inaccurate and unreliable, so be warned.
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Article Source: http://EzineArticles.com/expert/Manisha_Kumar/229039
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