PowerPoint Presentation
Basics of Food Facility Design: Module 5BUDGETING YOUR
BUILDOUT
INTERNATIONALCULINARY CENTERHow Much Does a Food Business Cost
to build?
INTERNATIONALCULINARY CENTERBenchmarking Against Similar
Operations Type of RestaurantAverage Buildout Cost per Square
Foot:Average Buildout Cost per Seat: Fast Food$63$3,250Fast
Casual$158$1,866Full service$198$5,576
Data Source: Restaurant Startup and Growth Magazine
INTERNATIONALCULINARY CENTERBenchmarking Against Similar
OperationsType of SpaceAverage Buildout Cost per Square FootAverage
Buildout Cost per SeatExisting restaurant being
renovated$85$2,222Completely new restaurant$242$6,790
Data Source: Restaurant Startup and Growth Magazine
INTERNATIONALCULINARY CENTERWhere Costs Typically FallLeasehold
improvements: 45 - 60% of total buildout budgetFurnishing &
equipment: 30 40%Opening costs: 5- 8%Contingency & Fees: 10
15%
INTERNATIONALCULINARY CENTERLeasehold Improvements
Most costly (usually)Least costly (usually)
Ventilation changesMajor structural changesWiden
windows/doorsPlumbing changesElectricalupgradesLighting and
finishes
INTERNATIONALCULINARY CENTERYour BudgetConstruction
Costs+FF&E Costs+Soft costs
Total Build-out Budget
INTERNATIONALCULINARY CENTERConstruction CostsVary widely
depending on projectTaking over existing restaurant with minimal
changes can be under $50,000Taking over existing space that is not
currently a restaurant can range from $100,000 to $500,000+,
depending on concept and needsLandlord Contribution (also called
Tenant Improvement or TI money)Minimal for first-timersAssume no
more than 10% of construction cost initially
INTERNATIONALCULINARY CENTERFF&E CostsFront of house:
Anywhere from $50 - $500 per SF (or more!)Chairs: About $100 each
minimum (have 5-10 extra)Tables: Minimum $250 eachMillwork: Minimum
$200-300 per linear footBack of house: Anywhere from $100 to $300
per SFHoods: About $1,000 per linear foot (excludes ductwork)Avoid
custom stainless steel fabrication work if you can
INTERNATIONALCULINARY CENTERSoft CostsDesign Professional
FeesBuilding permitGenerally needed for any work exceeding $1,000
in valueTakes 1-12 weeks to obtain (sometimes more!)Sign
permitUtility tie-in permitFire certificate/certificate of
occupancy and maybe more! check local requirements
INTERNATIONALCULINARY CENTERDo you need to hire a design
professional?Youll need a licensed architect if:You are changing
anything structural (load bearing walls, exterior doors or windows,
stairs)Youll need an engineer if:You are adding or changing a
hoodYou are adding or changing significant building system
elementsDesign Professional Fees: Estimated at 10% of your
construction budget or around $25,000, whichever is higher
INTERNATIONALCULINARY CENTER
INTERNATIONALCULINARY CENTER
