The cost of opening your own restaurant business is one very important matter to be dealt with and often the hardest to determine because, to a great extent, it depends on the type of restaurant that you desire to open.
Your restaurant start-up costs are outlined as expenses incurred for the acquisition or creation of your restaurant business. Start-up costs are comprised as any incurred amounts or out-going capital in relation with your restaurants activity directed for income generation before your restaurant business starts.
Start-up costs generally include the following expenses:
Potential markets surveys.
Evaluation of available supplies, labor, facilities, etc.
Advertisements.
Business equipment and fixtures
Equipment and fixture installation
Decorating and remodeling
Employee uniforms
Salaries for employees undergoing training and their trainers.
Costs of travel for acquiring prospective suppliers, distributors or customers.
Fees and salaries for consultants and executives and other similar services.
Estimating your restaurant business start up costs:
It is a wise decision...
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