What is a typical rent of a restaurant?
(The percentage of the rent as a portion of expenses in a restaurant can vary widely depending on various factors such as the size and location of the restaurant, its concept and target market, as well as its overall operating costs.
Typically, rent can range from 5-15% of a restaurant’s total operating expenses, with higher-end restaurants generally paying a higher percentage of their expenses towards rent due to their premium locations. However, in some cases, rent can be as high as 25-30% or even higher for restaurants in highly sought-after locations or with large floor plans.
It’s worth noting that the percentage of rent in a restaurant’s expenses can greatly impact its profitability, so it’s important for restaurant owners to carefully consider factors such as location, market demand, and operating costs when determining an appropriate level of rent to pay.
