What is an approximate budget for Opening a Lounge and Bar?Opening a Coffee Shop involves several major expenses, and the cost can vary significantly. Here’s a rough breakdown:
- Lease and Renovation: $50,000 - $150,000, depending on location, size, and renovation requirements.
- Licensing and Permits: $10,000 - $30,000, including liquor license fees, which vary greatly by state and city.
- Interior Design and Furniture: $20,000 - $100,000 for creating an appealing atmosphere and seating.
- Bar Equipment: $15,000 - $50,000 for refrigeration, bar tools, glassware, and POS systems.
- Kitchen Equipment: $10,000 - $30,000 for small food prep equipment.
- Inventory: $5,000 - $20,000 for initial stock of alcohol, mixers, and food ingredients.
- Marketing: $2,000 - $10,000 for initial promotion.