How much does it cost to build a high end restaurant?

The total investment (excluding land and soft costs) usually ranges between $250,000 – $2.5 million, and the average size ranges between 1,200 – 10,000 square feet. Here are some averages for major restaurant companies, and the distribution of their opening costs.

What is the average cost per square foot to build a restaurant?

On average, the overall cost to open a restaurant — with all expenses accounted for — is between $100 and $800 per square foot, according to FreshBooks.com , with costs varying based on location, concept, size, materials, new or existing location, and equipment. That’s a median cost of $450 per square foot.

How much does an architect cost to design a restaurant?

Assuming there are no environmental (hazardous materials) concerns, these are the players you will need and their fees will range somewhere between 8 and 15\% of construction cost, depending on the size and complexity of the project. For a new tenant improvement, budget between $60 to $120,000 for total design fees.

What is the average cost to build a restaurant?

The average restaurant startup cost is $275,000 or $3,046 per seat for a leased building. Bump that up to $425,000 or $3,734 per seat—if you want to own the building.

How much does it cost to build a 5000 sq ft restaurant?

Building Journal puts the national average cost for a 5,000-square-foot restaurant with mid-level finishes at $160 a square foot, or $480,000. This can include the build-out, permits, equipment, and design.

How much does it cost to build a restaurant from the ground up?

Key Takeaways. On average, you’re looking at anywhere from $95,000 to $2 million to build a restaurant from the ground up. If you’re on a limited budget, it may be best to invest in an existing property and fix it up to your liking.

Do architects charge per square foot?

Architect cost per square foot Architects charge $2 to $15 per square foot, depending on the architectural services included and the amount of work. Architects cost $4,000 to $30,000 on average for a 2,500 square foot house. Includes the initial consultation and basic design plans.