How much the cost for open 1 pizzeria or italian restaurant in new york city or miami?
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Determine the rental cost of a site in a good neighborhood.
$1,000 per month.
Re-model the building. The cost, including ovens, table, chairs, decor will be about $600.00 per square foot. If the land lord pays for your re-modeling, that will add another $1,000 per month to your proposed cost. License fees, advertising, turning on your utilities will be a one time charge of $2,000.
Another factor is how much money will you need during the six months when you will not be breaking even. Most business plans are based on three year projections with quarterly reports.
All of this should be part of your business plan that you present to your banker, or partners. If you have a group of people who know about the very large potential of a pizzeria over any other type of restaurant, and they believe in you, they will be wealthy businessmen who can provide you with a business plan far superior to this sketch.
If I were your banker in today’s’ market, I would strongly discourage you. If I didn’t know you, I would turn it down.
Even if you were married to my daughter and I could finance this on my own, I would tell you to wait for the economy to get better and to improve your resume.
Filed under: Italian Restaurants New York City
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Over a Million… you picked 2 very expensive cities.
References :
Determine the rental cost of a site in a good neighborhood.
$1,000 per month.
Re-model the building. The cost, including ovens, table, chairs, decor will be about $600.00 per square foot. If the land lord pays for your re-modeling, that will add another $1,000 per month to your proposed cost. License fees, advertising, turning on your utilities will be a one time charge of $2,000.
Another factor is how much money will you need during the six months when you will not be breaking even. Most business plans are based on three year projections with quarterly reports.
All of this should be part of your business plan that you present to your banker, or partners. If you have a group of people who know about the very large potential of a pizzeria over any other type of restaurant, and they believe in you, they will be wealthy businessmen who can provide you with a business plan far superior to this sketch.
If I were your banker in today’s’ market, I would strongly discourage you. If I didn’t know you, I would turn it down.
Even if you were married to my daughter and I could finance this on my own, I would tell you to wait for the economy to get better and to improve your resume.
References :