Cost of Starting a Small Cafe and Bar in Goa: A Comprehensive Guide
Goa, a popular tourist destination in India, is known for its vibrant nightlife, beautiful beaches, and a diverse mix of Indian and Portuguese cultures. This makes it an ideal location for starting a small cafe and bar. However, the cost of starting such a venture can vary greatly depending on various factors such as location, size, and the type of establishment you want to create. In this comprehensive guide, we will delve into the various costs involved in starting a small cafe and bar in Goa.
Cost of Property
The cost of property in Goa can vary greatly depending on the location. Prime locations such as Calangute, Baga, and Anjuna can be quite expensive, while areas a bit off the beaten path can be more affordable. On average, you can expect to pay anywhere from INR 50,000 to INR 1,00,000 per month for rent. If you choose to buy the property, the cost can range from INR 50 lakhs to INR 2 crores.
Cost of Renovation and Interior Design
Once you have secured a property, you will need to invest in renovation and interior design to create an inviting atmosphere for your customers. This can include costs for painting, flooring, lighting, furniture, and decor. Depending on the size of your cafe and bar and the level of sophistication you want to achieve, this can cost anywhere from INR 5 lakhs to INR 15 lakhs.
Cost of Equipment and Supplies
Equipment and supplies are another significant cost. This includes kitchen equipment like ovens, grills, refrigerators, coffee machines, and bar equipment like glassware, cocktail shakers, and beer taps. Additionally, you will need to stock up on food and beverage supplies. The cost for equipment and supplies can range from INR 2 lakhs to INR 5 lakhs.
Cost of Licenses and Permits
Before you can open your cafe and bar, you will need to obtain various licenses and permits. This includes a food license, liquor license, music license, and fire safety certificate. The cost of these licenses and permits can vary, but you can expect to pay around INR 2 lakhs to INR 3 lakhs.
Cost of Staff and Operations
Finally, you will need to hire staff and cover operational costs such as utilities, marketing, and maintenance. The cost of staff can vary depending on the number of employees and their salaries, but you can expect to pay around INR 1 lakh to INR 2 lakhs per month. Operational costs can range from INR 50,000 to INR 1 lakh per month.
In conclusion, the cost of starting a small cafe and bar in Goa can range from INR 60 lakhs to INR 2.5 crores. However, with careful planning and budgeting, it can be a profitable venture that allows you to share your passion for food and drink with locals and tourists alike.