How much money does it take to start a fancy restaurant?

I am interested in taking an exhisting restaurant that is not doing so go but is in a great location to make it a 4 star restaurant. How much money generally would it take?

How much money does it take to start a fancy restaurant?
If all the equipment is there, you would have to buy it from the owner, do renovations and interior design... and probably exterior design, too. If you're good with your money and creative, perhaps $25,000 - $50,000 on top of what you bought the established business for. Then, you still need an advertising/promotional budget, employee expenses covered for the first 6 months of business, etc, before you should even consider it. If you don't have that put to the side, do not even start it as you may be doomed to fail and lose everything you have in it.
Reply:Go to http://www.score.org/template_gallery.ht... and download the Excel template for estimating start up costs.
Reply:Can be as much as $250,000, depending on the syle you want and the renovations you require.





For a fancy restaurant, I would say a minimum of $50,000.





Be aware that restaurants have an extremely high mortality rate. It's one of the easiest businesses around where you can lose your shirt in a hurry .