Whereas building and running a restaurant can be daunting and exciting, it can also cost a great deal of money. Restaurant construction costs can really eat into your bankroll, so most people want to do what they can to cut these down. With a little commonsense you should be able to keep more money in your pocket, and keep some of it out of the hands of the construction workers.
What absolutely needs to be decided is who is going to do the building. If you're a laborer that has experience with building an establishment, then by all means you can do it yourself. By doing it yourself you will save a fair bit of cash. Whatever the decision, make sure you bear in mind that cutting costs can save you money but also damage your brand if the premises looks cheap and tacky.
By using fake materials you can make your establishment look more expensive than it actually is. For example, instead of using antique pine for the decor, you could use a cheaper wood that can be finished off to look like antique pine. The same can be said for flooring. Using a cheaper vinyl flooring, one that looks like hard wood flooring, will save a lot of money and customers may not know the difference.
Be careful about who you choose to do the building work. Costs can spiral if a contractor goes over the budget for the building work. This is where it probably pays to hunt around and get opinions from people you know. Find out which builders are reliable and can keep within a budget and which ones have experience in the commercial sector.
A way of saving a lot of money is to buy all furnishings from manufacturers. By purchasing in bulk you should get a discount and benefit from the cheaper prices they usually give to those that buy direct. Of course, if the manufacturer doesn't allow this then go to a wholesaler and ask for a discount.
Try not to use middle men when buying merchandise. They will eat into your profit margins and the services they provide might not justify their use. If you've little choice but to use one, then establish exactly how much everything will cost before you cut a deal.
Something that needs to be looked at very carefully is the way space will be used in the building. If there are too many empty spaces then you might be better off building a smaller premises. If there isn't enough space, or the establishment has too many tight spaces, then you may wish to expand it. This is important because your brand will be affected either way. Obviously, space issues are dependent on the type of restaurant you wish to run. A fast food place probably won't need as much space as a fine dining establishment.
It's very important to make sure you keep restaurant construction costs to a minimum. However, doing so at the expensive of your brand's good name is probably counter-productive. In fact, in some circumstances it's provably better to spend a little more to project the right image. Much of this depends on the clientele, and on what you would consider to be important.
What absolutely needs to be decided is who is going to do the building. If you're a laborer that has experience with building an establishment, then by all means you can do it yourself. By doing it yourself you will save a fair bit of cash. Whatever the decision, make sure you bear in mind that cutting costs can save you money but also damage your brand if the premises looks cheap and tacky.
By using fake materials you can make your establishment look more expensive than it actually is. For example, instead of using antique pine for the decor, you could use a cheaper wood that can be finished off to look like antique pine. The same can be said for flooring. Using a cheaper vinyl flooring, one that looks like hard wood flooring, will save a lot of money and customers may not know the difference.
Be careful about who you choose to do the building work. Costs can spiral if a contractor goes over the budget for the building work. This is where it probably pays to hunt around and get opinions from people you know. Find out which builders are reliable and can keep within a budget and which ones have experience in the commercial sector.
A way of saving a lot of money is to buy all furnishings from manufacturers. By purchasing in bulk you should get a discount and benefit from the cheaper prices they usually give to those that buy direct. Of course, if the manufacturer doesn't allow this then go to a wholesaler and ask for a discount.
Try not to use middle men when buying merchandise. They will eat into your profit margins and the services they provide might not justify their use. If you've little choice but to use one, then establish exactly how much everything will cost before you cut a deal.
Something that needs to be looked at very carefully is the way space will be used in the building. If there are too many empty spaces then you might be better off building a smaller premises. If there isn't enough space, or the establishment has too many tight spaces, then you may wish to expand it. This is important because your brand will be affected either way. Obviously, space issues are dependent on the type of restaurant you wish to run. A fast food place probably won't need as much space as a fine dining establishment.
It's very important to make sure you keep restaurant construction costs to a minimum. However, doing so at the expensive of your brand's good name is probably counter-productive. In fact, in some circumstances it's provably better to spend a little more to project the right image. Much of this depends on the clientele, and on what you would consider to be important.
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