The restaurant business can require constant juggling for your finances, especially when it’s time for a remodel. A remodel might be necessary to:
· Stay Up to Code
· Keep Things Looking Fresh
· Draw in New Customers
That doesn’t mean that you have unlimited funds to put towards the project. So, how can you remodel your restaurant on a budget? Let’s go over some of your options right here.
Focus on a Facelift
Remodelling your restaurant doesn’t have to mean tearing out walls, ceilings, or floors. Many times, you can give the entire business a fresh, new look by making some surface adjustments. You may want to consider:
· Repainting the Walls
· Refinishing Your Tables
· Reupholstering Your Chairs
Reusing your chairs and tables – instead of buying new furniture – can save you big money during a restaurant remodel. This is especially true if you have wooden tables, as most of the time you can sand wood down and stain it again for only the cost of a couple of cans of stain and some hard work.
Make a Good First Impression
Deciding where to put your budget is a big part of any restaurant remodel. Many restaurant owners focus on the exterior of their building, and for good reason. Customers aren’t going to stop in to see any changes to the inside if the outside doesn’t appeal.
You can focus on cost-effective remodelling options such as:
· Re-Organizing Your Parking Lot
· Taking Time to Landscape Your Walkways
· Updating Your Signage
· Adding a Bench for Waiting
You can purchase plants from local landscape stores for a few dollars and plant them yourself for a fast, reasonably priced exterior remodel.
Update the Back of House
Remodelling your restaurant’s kitchen can be one of the pricier options for renovation. However, you can still save money and stick to your budget. You might consider:
· Waiting for Equipment to Go on Sale
· Focusing on Rebates and Tax Breaks
You might also factor potential savings over the years into your remodel costs. If you upgrade to more energy efficient equipment, you could conceivably cut your electric bills going into the future. You might be able to save money by upgrading your:
· Freezers
· Fryers
· Ovens
Consider Your Options for Funding
You can stretch your restaurant remodelling options by expanding your budget. You may have a few options to fund remodelling options, including:
· Taking Out a Loan with Your Bank or Credit Union
· Setting Aside Money from Your Tax Rebate
· Utilizing an Online Car Title Loan
Securing funding with a loan can allow you to stretch out the repayment of your remodelling cost, allowing you to get more done.
Work Hard to Remodel Your Restaurant on a Budget
Remodelling your restaurant on a budget can be done. You can save money by focusing on tasks you can accomplish with some hard work, like:
· Repainting
· Refinishing Tables and Chairs
· Sprucing Up the Exterior
You can also increase the overall scope of your budget by taking out a loan. Give your business the upgrade it needs today with a budget-friendly remodel.
