If you're looking to give your restaurant a fresh coat of paint, you've made the right decision. Fresh paint gives your premises a rejuvenated look and is a cost-effective option for renovating a dull space. In addition, customers will appreciate dining in a clean and welcoming environment.
The return on investment for painting your restaurant is significant. But as with any other project, proper budgeting must happen before any work begins. You should take steps towards preparing a detailed budget of all the expenses you can expect to incur while the restaurant is being painted.
To help you get started, here are important elements that your budget should cover.
1. Start with determining what your goals are
Even before you begin calculating paint costs, you should first reflect on the goals of your business. What do you wish to achieve by applying a fresh coat of paint? You may be looking to attract more customers or introduce a new theme night. Or, maybe you have recently opened a new dining location and are looking to create a buzz around it.
Thinking about what your goals are will help you determine the scope of your project and allocate enough resources. For example, your goals will determine the areas of the business that need to be painted, colour preferences and much more.
2. Choose a type of paint
Your budget should also contain estimates for buying paint. While a painting contractor can give you paint cost estimates, you should also do your own research.
There are many different types of paint you can use for your restaurant. Oil-based paints are the most durable and resistant to food stains, dirt and debris. However, if you're on a tight budget, water-based paints may work well and provide more design flexibility.
You should also aim for low-VOC paints that will release minimal fumes during application. This is especially true if you wish to carry out the painting project during normal business hours. Find out how much your paint and supplies will cost, and compare those numbers to your available resources.
3. Set timelines for the project
Another hidden cost that you may incur is the cost of closing your business for certain durations. For example, you may need to close earlier (or open later during the day) when the restaurant is being painted. You may also need to keep certain sections closed off until paint dries.
These decisions will come with their associated costs—particularly the cost of lower sales. Consider these expenses and include them in your painting budget.
4. Get a quote from a painting contractor
To finalise your budget, get a detailed quote from several commercial painting companies. They have experience with painting restaurants and identifying cost-saving opportunities.