KRG Hospitality Inc. provides an annual start-up cost guide, one of the industry’s leading guides dedicated to project costing for new restaurants, bars, and cafes. It has been used as a trusted budgeting tool by developers, lenders, contractors, consultants, and aspiring restaurateurs for the last six years.

ACCESS YOUR FREE 2024 BAR & RESTAURANT START-UP COST GUIDE

A TRUSTED GUIDE

The guide is founded upon KRG Hospitality’s proprietary database of previous project costs throughout North America, which includes project data from restaurants, bars, and cafes developed over the past 24 months, along with scaled projections for the upcoming year.

The included charts indicate what KRG has seen as a minimum expense and higher-end expense for a 1,600-square-foot restaurant, which was used as the sample property.

The core categories included are business planning and start-up, operations start-up, marketing plans, technology, project support, and renovations.

In 2024 - what are the average start-up costs per square foot? Find out here with this easy-to-read guide!

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* While using this guide helps develop a rough preliminary financial and strategic milestone plan, it is strongly recommended that you seek professional expert advice to provide you with a more precise, project-specific estimate as each concept and market will be slightly different.

Updated every calendar year in December, industry leaders (along with those simply looking to start their dream hospitality business) download this engaging guide.

Trusted with Thousands of Downloads Since 2018

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The Guide Provides Low / Average / High Budgets

From interior design fees to equipment, signage, training, inventory, and point-of-sale systems, plus all other costs to consider when opening a bar, restaurant, or cafe.

Curated by KRG Hospitality Inc.

The team at KRG Hospitality knows start-up bars and restaurants (plus other hospitality focused businesses) and have worked on 250+ concepts since 2009!