Rough estimates on insurances for a small restaurant

DutchOttiesDutchOtties subscriber Posts: 1
Hi all,
We are in the process of analyzing what it would mean if we were to start a small (60-70 seat) restaurant. Since we would be coming from abroad there are a lot of things that are not really easy to find on the Net.At the moment we are trying to create a rough first budget to see if our idea is feasible. One of the things that we are having a hard time in finding any estimates is insurance.Now I have found Workers Compensation and Unemployment insurance costs, and got an estimate on general liability ($1500-$2000 pa). Now for the most difficult one (I think): Property insurance.Can anyone give me some idea of what one has to pay per year? Say I were to buy a property for $100,000 and spend $50.000 on remodelling, etc. Then take all other factors more or less average and place the business in Central Florida.Anyone?Thanks!Marco


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