The Top Five Startup Costs Restaurant Owners Need to Know

3 Min Read By Gary Magnone

If you’re planning on starting a restaurant, you are probably looking forward to a packed dining room, happy guests, and empty plates; however, it also takes a lot of money to get your restaurant off the ground. That’s why you have to be aware of some of the upfront costs you’ll face before you open your doors. 

Recently, our team at Kitchenall conducted a study taking a look at the biggest startup costs associated with opening a new restaurant. Learn more about the top five startup costs all restaurant owners need to know about.

1. PayrollWithout a doubt, one of your biggest expenses is going to be payroll. If you don’t keep a close eye on your payroll, it can get out of control. Labor costs can vary depending on the type of restaurant you run. In general, you should try to keep your payroll expenses to 20 to 25 percent of your maximum profit. Remember that it can also be expensive to hire and train new employees. Therefore, if you have exceptional employees at your…