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Have you been noticing ceiling cracks in your enclosed patio? Or maybe the windows have become noisy. Either way, you get the point.
Your beautiful business joint needs a revamp. And no, don’t let those TV chefs fool you. Rome wasn’t built in a day. Also, you may end up overspending if you don’t have a plan.
So, it makes sense to conduct a thorough analysis and determine if you can afford the restaurant renovation costs. Although you could use your neighborhood friend’s advice, we’d say leave it on the experts if you were to listen to us.
So, how do you go about the process, and what are the steps involved? Say no more!
Take a look at our 4-step restaurant renovation approach!
Step 1: Find the Right Contractor
This is the most significant restaurant renovation expense you’ll have. So hear us out.
You’d want to make sure that you hire someone trustworthy and reliable who does excellent work. It would help if you also looked for a design build contractor with experience in restaurant design. Also, look online for reviews, and be sure to ask for referrals and references.
Step 2: Crunch the numbers
You want to make sure that you are financially ready for a major overhaul.
You should be prepared to shut down or reduce your operations for a certain time if the need arises. It is also important to ensure that the loss of revenue due to the renovation and the overall cost won’t put you into a pit of debts.
You can use a restaurant renovation calculator to calculate the cost per square footage for your project. It’s hard to give an exact figure on how much a restaurant renovation will cost because there are so many variables involved.
However, the average price range could be between $150 and $750 per square foot. It will vary depending on the construction costs and quality of materials.
You can save money if you decide not to upgrade the kitchen with lots of equipment. If the estimates are too high, you may decide to split your renovation into stages. You might start with the bathroom and kitchen and then move on to the dining area. Talking about the dining area, you can also add some plant shelves to make it more relaxing.
Just be sure to estimate the time and money needed to complete the project since setbacks are inevitable.
Step 3: Determine How To Get the Most Bang For Your Buck
If you find yourself stuck with budget issues, you can still make a significant impact by having a few upgrades. While you want your customers to notice the improvements, they must fit within your budget. So, prioritize the improvements that need to be done first.
Perhaps you’d want to add sophisticated lighting or nooks and benches for a more intimate feel. You can also change the color scheme to bring out more brightness.
Restaurants can add a modern, inexpensive look to their interior by using ceiling beams or brick walls.
Step 4: Stay in Control of the Process
Renovating a restaurant can be stressful and time-consuming, but it can also be fascinating to see your loved property get better before your eyes. Keep track of everything so the rebuilding process goes smoothly and is completed on time.
Consider closing your space when big changes are going on. These could be wall drilling, changing windows and doors, or installing new tiles. To minimize the close time, it is important to have a plan in place from your contractor team.
Final Word
You need to create a plan to attract new customers and impress your existing ones by thinking through every detail of your restaurant’s makeover. Also, don’t let the budget slip out of your hands by hiring the right contractor.
Which tip did you like the most? Let us know in the comments!
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