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Opening a new business

  • 15-12-2014 9:47am
    #1
    turniton
    Registered Users, Registered Users 2 Posts: 226 ✭✭


    Hi guys,
    a friend is considering the idea of opening a business in Ireland.. Restaurant/take away.. he asked me for the cost involved.. on top of my head I can think:

    Commercial rates (average?)
    Rent
    Light & Heat
    Staff cost
    Tax

    thanks for your help


Comments

  • #2
    adamrooney
    Registered Users, Registered Users 2 Posts: 50 ✭✭adamrooney


    turniton wrote: »
    Hi guys,
    a friend is considering the idea of opening a business in Ireland.. Restaurant/take away.. he asked me for the cost involved.. on top of my head I can think:

    Commercial rates (average?)
    Rent
    Light & Heat
    Staff cost
    Tax

    thanks for your help

    There are quite a few more costs involved than those mentioned above. The below is just a sample....

    Rent/operating costs:
    Security deposit
    First-month rent
    First-month utilities, including Internet and phone service

    Location improvement costs:
    Construction of customised build out, including kitchen
    Restaurant tables and furniture
    Tablewear, utensils, dishes, kitchen, etc
    Initial supply of food and beverages

    Miscellaneous opening expenses:
    Insurance
    Permits and licenses
    Accounting costs (vary) (make sure you have a very good accountant who understands the food service industry ie. different VAT rates)
    Ordering and payment technology

    Marketing:
    Signage
    Menus
    Fliers/ads/coupons
    Business cards

    Advertising:
    Public relations services
    Restaurant-opening event

    On-going Costs:
    Servicing your equipment
    Rubbish collection


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