Creating a renovation plan for your restaurant can be an incredibly expensive and overwhelming process. As the price tags vary depending on your restaurants location, the size of the space, the quality of the materials used and the cost of professional labour – it can be very easy to fall in deep over your head without the proper planning and budgeting in place.
Unfortunately, there is no way of predicting exactly how much your renovation and interior design endeavour will cost until you break down the requirements for your specific needs. Instead, we have provided some professional tips to help you along the way:
The Planning Phase:
A great place to start is by evaluating the existing conditions of your restaurant. Naturally, remodelling an existing restaurant layout will be much cheaper than starting from the ground up. Consider hiring a talented, well-educated designer to guide you through the process. Investing in a quality professional with industry experience will be a great resource to manifesting your desired aesthetic (and of course reduce the stress levels of navigating on your own).
Consider the brand and personality of your restaurant. Who is your target demographic? What kind of fare will you be offering? What style of dining experience do you wish to provide? Create a clear idea of the atmosphere you wish to manifest to streamline your renovation decisions.
Here are a few examples of some interior upgrades you may wish to consider:
– Ceiling: paint, molding, tin ceiling, skylight
– Décor: artwork, mirrors, sculptures, candles
– Flooring: hardwood, ceramic tile, carpet, stained concrete slab, linoleum
– Furniture: tables, chairs, booths, lounge, barstools
– Kitchen: new or refurbished kitchen equipment
– Lighting: chandeliers, lamps, pot lights, decorative
– Wall Covering: wallpaper, paint, faux finish, wood panel
– Window Treatments: blinds, curtains, shades
Need inspiration? Spend some time talking to your projected clientele. Get an idea of what they feel makes a memorable dining experience. Spend some time visiting other local restaurants to take note of what works, and what might not.
Predetermine a comfortable budget so that you know what resources you have available to you. Ensure that you leave some financial wiggle room to accommodate any unforeseen expenses that may arise.
The Budgeting Phase:
Restaurants design can cost anywhere between $85 to $500 per square foot (build out included). For a minimum of 600 square feet, that could be anywhere from $51,000 to $300,000! With that broad of a financial spectrum, it really comes down to the quality and quantity of your renovation and design. Budgeting for the needs of your industrial kitchen space and dining room will help keep your pocket book in order.
If installing brand new kitchen equipment is a part of your renovation plans, you can expect this to account for roughly 75% of your entire budget.. With walk-in freezers going for anywhere between $10,000-$30,000, exhaust fans running anywhere between $15,000 and $50,000 – the total cost of equipment can reach anywhere from $30,000 to $100,000. That does not even take into account any installation fees, such as new gas lines which may run upwards of $10,000.
Of course, working with an existing kitchen space will dramatically reduce renovation costs, although you will still be required to ensure all features are functioning to code.
The Dining Room
Depending on the desired aesthetic for your restaurant, designing your dining room for optimal comfort and enjoyment does not necessarily have to break the bank. For example, repurposing or exposing existing features such as cement floors, rustic brickwork or ceiling beams can reduce your renovation costs while offering a unique and authentic style personalized to your location.
For a tight budget, you can certainly opt for inexpensive upgrades such as a new paint job, dining hall layout, new upholstery for booths and/or chairs, modern table settings and/or fresh decorative elements such as new light fixtures or artwork.
The Right People
Finally, ensure that you are hiring the right people to handle trade-related tasks. From contractors to plumbers, electricians to painters – having quality professionals with industry experience on your side will not only give you the best quality for your money, but also get your restaurant open to enthusiastic patrons as efficiently as possible.