Starting a small restaurant with 12-16 seats in the UK involves various costs that depend on several factors such as location, menu, interior design, and equipment. Here’s a breakdown of potential expenses:
Location and Rent: The cost varies significantly based on the city and neighborhood. In major cities like London, renting a space might cost between £1,000 to £3,000 per month for a small venue, while in smaller towns it may range from £500 to £1,500.
Renovation and Interior Design: Depending on the condition of the space and design preferences, renovation costs can range from £10,000 to £50,000. This includes furniture, décor, and any necessary refurbishments to meet safety standards.
Equipment and Supplies: A kitchen set-up with necessary appliances like ovens, stoves, refrigerators, and dishwashers can cost between £10,000 and £30,000. Add another £1,000 to £3,000 for kitchenware, utensils, and initial stock ingredients.
Permits and Licenses: Expect to pay between £1,000 and £2,000 for various licenses including a food business registration, hygiene certification, and potentially an alcohol license if you plan to serve drinks.
Staffing Costs: Initial staffing costs will vary, but budgeting for a basic team may start from £15,000 to £25,000 annually, including wages, training, and uniforms.
Marketing and Initial Promotions: To launch the restaurant, marketing costs could range from £500 to £5,000. This can cover website creation, social media campaigns, and local advertising.
Contingency Fund: Setting aside an additional 10-20% of total expenses as a contingency fund is advisable to cover unexpected costs.
Overall, the total cost to set up a small restaurant with 12-16 seats in the UK is approximately in the range of £50,000 to £150,000, subject to varying factors like location and individual business choices. Proper market research and financial planning are crucial to ascertain an accurate budget tailored to your specific needs and goals.