Restaurant Renovations: How to Stay Within Your Budget

25 June 2018 - 17:30, by , in Blog, No comments

Renovating a restaurant is a great opportunity to breathe some new life into your establishment and make critical upgrades to your equipment and business space. However, it’s important to stay as cost-effective as you can when completing a restaurant renovation. We at Kohn-Megibow Company, a leading restaurant equipment supplier, have compiled the following tips to help you save time and money during your restaurant renovation.
1. Evaluate Your Equipment
You’ll want to perform a thorough inspection of every piece of equipment in your restaurant. You should obviously try to replace anything that is broken. If something is still in working condition, you will want to assess how much life it actually has left. If it is working but on its last legs, then replacing it during the renovation process may make sense.

2. Look for Used Restaurant Equipment
As one of Southern California’s leading used restaurant equipment suppliers, KMC understands the value of saving money on second-hand equipment. You can purchase directly from our warehouse at discount prices or attend one of our bi-weekly used restaurant equipment auctions for the best possible prices on the equipment you need. Just because you are making upgrades doesn’t mean you have to shell out so much money to buy everything new. You can find high-quality secondhand equipment that is still in fantastic working condition. And, when you buy from KMC, you can get it for a fraction of the price it will cost to buy new!

3. Set a Technology Budget
When renovating a restaurant, it’s really easy to get swept up in the idea of making major technological upgrades. Take advantage of technology when it will help you run a more efficient business, but don’t overdo it if you don’t have to. It’s a good idea to actually set a technology budget to keep from going overboard with unnecessary tech purchases.

4. Set a Décor Budget
Just like technology upgrades, it’s easy to go crazy with new décor when making a renovation. Set a budget and keep yourself in check. Buying décor at a restaurant auction or warehouse can help you stay within your budget.

6. Seek Legal Advice
Before you take on any major restaurant renovations, you will want to seek legal advice from someone who understands building codes, health inspections, lease agreements and other legal issues that could hinder progress during the renovation. The last thing you want to do is spend a ton of time and money on changes that could lead to fines or further legal delays. Know before you act.

For assistance with your restaurant renovation, contact Kohn-Megibow Company today. We’ll help you get all the new and used equipment for your restaurant so you can save valuable time and money while making your restaurant better than ever!

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