How much does it cost to open a pho restaurant in US

Do you want to start a PHO restaurant you need to know how much does it costs to open a pho restaurant and what costs are directly affected by business. Let’s Skipli to find out those costs through the following article. 

When it comes to starting a PHO restaurant, the major areas that you should look towards spending the bulk of your cash are in renting or leasing a standard facility, equipping the restaurant facility, and purchasing all the needed utensils, wares, and supplies.

The cost of building lease/rent is one of the primary expenses when starting a Vietnamese pho restaurant.

Startup costs of pho restaurant

Opening a Vietnamese pho restaurant requires a considerable investment and careful planning. Star-up costs vary depending on multiple factors such as the location, size, menu and equipment. Here are some of the estimated costs involved in opening a Vietnamese pho restaurant in the US. 

STARTUP COST	AVERAGE AMOUNT RANGE (USD)
Building lease/ Rent	$30.000 – $100.000 per year
Kitchen equipment and applicances	$50.000 – $100.000
Furrniture and decor	$20.000 – $50.000
Point of sale system	$3.000 – $10.000
Inventory and supplies	$5.000 – $15.000
Marketing and advertising	$10.000 – $20.000
Licenses and permits	$2.000 – $5.000
Legal and accounting fees	$5.000 – $15.000
Training and development costs	$5.000 – $10.000
Total	$150.000 – $375.000

The above mentioned costs are just an estimate and actual costs may vary based on the location, size and resources of the Vietnamese Pho restaurant. It is recommended to create a detailed business plan and budget to ensure you have a clear understanding of the financial requirement of your restaurant. With careful planning and budgeting, opening a Vietnamese Pho restaurant can be fulfilling and profitable venture. 

Building lease/ Rent when open pho restaurant

The cost of building lease/rent is one of the primary expenses when starting a Vietnamese pho restaurant. The amount varies depending on the location and size of the restaurant: 

To minimine the cost of building lease/rent, consider locating the restaurant in upcoming neighborhoods with lower rent prices. Another way to reduce building lease/ rent expenses is by sharing space with other similar businesses thả serve different meals. 

When signing a lease agreement, check for hidden costs such as maintenance, property taxes and insurance expenses. In summary building lease/rent is significant expense when starting a Vietamese pho restaurant. 

Opening a Vietnamese pho restaurant requires a considerable investment and careful planning.

Kitchen equipment and appliances of pho restaurant

The cost of equipment depends on the restaurant size, menu, and expected volume of customers. On average the costs of kitchen equipment and appliances for a vietnamese pho restaurant ranges from $50.000 to $100.000. 

Some essential kitchen equipment and appliances for a Vietnamese pho restaurant include a commercial grade range ovens, streamers, fryers, cookware, refrigerator, freezers and dishwashers. The intital cost of these essentials is between $25.000 to $60.000. 

Additionally the restaurant would need utensils, knives, cutting boards, food containers, measuring spoons, ladies, and tóng which cost around $2.000 to $3.000. Spedcialty items such as a rice cooker, hot water dispenser, immersion blender and noodler boiler will add around $2.000 to $5.000 to the total expenses. 

Furniture and decor for pho restaurant

Furniture and decor play a crucial role in the success of a restaurant. A Vietnamese pho restaurant typically requires unique furniture and decor to provide an authentic experience to the customers. The cost of furniture and decor varies widely based on the size and layout of the restaurant, the style and quality of furniture and the decorative elements used. 

On average, the cost of furniture and decor can range from $50.000 to $150.000 for a 50 – 100 seat restaurant. The cost of decor can range from $10.000 to $50.000 for modern stylish Vietnamese pho restaurant. 

Point of sale system of restaurant

A reliable point of sale (POS) system is essential for managing a Vietnamese pho restaurant. The system can handle payment, sales transaction, inventory management and customer dât all in one place. 

The cost of a POS system varies depending on the size and complexity of restaurant, but is necessary investment for efficient management. According to recent statistics, the average cost of a POS system ranges form $1.200 to $2.500. However, the benefits of a POS system can lead to cost savings and increased sales in the long run. 

Inventory and supplies for pho restaurant

Lauching a Vietnamese pho restaurant requires a significant investment in inventory and supplies. Thí includes raw ingredients, cooking equipment, utensils, plates, glasses, cutlery and decor items to create an authentic ambiance. According to the small business administration the estimated cost for inventory and supplies for a restaurant startup ranges between $5.000 and $30.000 depending on the size and scope the operation. 

Food inventory typically accounts for the highest cost in thí category ranging from $2.000 to $10.000 in upfront expenses depending on the menu offering. There are additional ancillary items that a restaurant owner will need to purchase to create an authentic atmosphere and brand presence. The cost for these items can range between $2.000 to $15.000 depending on the desired level of ambiance and decor.

 Furniture and decor play a crucial role in the success of a restaurant.

Marketing and advertising when open pho restaurant

Marketing and advertising are crucial for the success of any restaurant business. it involves promoting the brand, attracting customers and increasing revenue. According to recent studies, restaurants in the US spend an average of $2.500 to $5.000 per month on marketing and advertising. 

The cost of social media advertising can vary depending on the target audience and the ad placement. A budget of $300 to $800 per month could be reasonable for social media advertising. Local print media advertising $500 to $1.000 per month. Customer service and review incentives $100 to $200 per month. 

Licenses and permits of pho restaurant

Opening a Vietnamese pho restaurant requires various licenses and permits that can vary based on location and state laws. The cost of licenses and permits can range from $300 to $3.000 depending on the type of license required and the location of the restaurant. 

However the average cost of liability insurance for a small restaurant is around $2.000 to $3.000 annually. Food service permit: $100 – $500. Business license: $75 – $400. Liquor license $300 – $14.000. Zoning permits: $200 – $500. Liability insurance: $2.000 – $3.000 annually. 

It is important to check with your state and local government agencies to determine the specific costs and requirements for licenses and permits before opening a Vietnamese pho restaurant. 

Legal and accounting fees

When starting a Vietnamese pho restaurant, it is important to consider the lagal and accounting fees. legal fees can include expenses related to obtaining licenses and permits and hiring a lawyer to review contracts and lease agreements. 

The average small business spends approximately $5.000 per year on legal fees, with some businesses spending upwards of $20.000 per year. Accounting costs for small businesses can vary based on the complexity of the business and the level of services required with costs ranging from $1.000 to $10.000 per year.

Food inventory typically accounts for the highest cost in thí category ranging from $2.000 to $10.000 in upfront expenses depending on the menu offering.

Training and development costs 

Training and development costs are an essential part of opening a Vietnamese pho restaurant. The average amount spent on training per employee per year in the restaurant industry is approximately $1.300. A well round training program can cost anywhere from $5.000 to $10.000. 

The costs for attending these events can range from $500 to $5.000 per person. Training per employee per year: $1.300. Well rounded training program: $5.000 to $10.000. Cultural development: $1.000 to $2.000. Culinary courses and trade shows: $500 to $5.000 person. 

In conclusion opening a Vietnamese pho restaurant is an exciting venture that can be both profitable and fulfilling. Understanding the costs involved in launching such a restaurant is the first step towards achieving success. Entrepreneurs who take the time to plan and budget accordingly will increase their chances of owning a sustainable and profitable business. 

If you are interested or need a free consultation, please contact: Hotline: 415 610 9521 Website: Skipli Facebook: SKIPLI Marketing