A Stonehollow Lending article for Kootenai County, ID restaurant owners on paying for a remodel, with county restaurant counts, a labeled example and the records a partner reads.
Three Pieces of Money for One Coeur d'Alene, ID Remodel
A remodel is not one cost. The construction itself, such as walls, plumbing, electrical, flooring and finishes, is built into a space you may not own, and it pays off over years. The kitchen equipment, such as a hood, a walk-in or a new line, has serial numbers and can secure its own financing. And the restaurant still pays rent and some staff while the room is closed. A request that separates the three lets a partner read each part on its own terms, instead of one large loan stretched over everything.
- Construction and finishes: a term loan.
- Kitchen equipment: equipment financing.
- Rent, wages and restocking during the closure: working capital.
Restaurants in Kootenai County, ID: The Census Picture
Kootenai County, ID had 142 full-service restaurants with 3,004 paid employees and 138 limited-service restaurants with 2,615 paid employees in 2023 (County Business Patterns 2023, NAICS 722511 and 722513). Only 23.2% of full-service restaurants had fewer than five employees, so a closure for a remodel affects a sizable payroll. Inside ZIP 83814 the counts were 63 full-service and 44 limited-service restaurants (ZIP Business Patterns 2023), a share of a remodeling restaurant's direct neighbors.
How to Fund a Restaurant in Coeur d'Alene, ID?
Funding an operating restaurant starts from its records: card processing statements, bank statements, tax returns and the lease. A partner reads how much the restaurant earns after costs, because the remodel payments come from those earnings. The lease matters as much as the numbers: a remodel paid over seven years in a space with two years left on the lease leaves the payments running after the restaurant may have to leave.
How to Get Restaurant Funding in Coeur d'Alene, ID? A Remodel Worked Through
Illustration only, invented figures: a full-service restaurant plans a $180,000 remodel, of which $52,000 is kitchen equipment. It puts $25,000 in from cash. The construction balance of $103,000 goes on a term loan over 84 months at an assumed annual rate of 10%, a payment of $1,709.92 a month. The equipment goes on a 60-month equipment loan at an assumed annual rate of 9%, $1,079.43 a month. Together that is $2,789.35 a month (our arithmetic).
The restaurant then checks that its past monthly earnings cover that figure with room to spare, and sets aside working capital for the closure. If the earnings are thin, it can phase the remodel, putting the kitchen first and the dining room later.
How to Get Restaurant Loan in Coeur d'Alene, ID? The Records to Gather
- Twelve months of bank statements and card processing statements.
- The two latest business tax returns, plus a profit and loss statement for this year.
- The contractor's estimate, broken into construction and equipment.
- Equipment quotes with model numbers.
- The lease, with the landlord's written consent to the work and the remaining term.
- Permit status for the work, and any health department review of the new layout.
Permits, Health Review and Timing in Kootenai County, ID
Remodels that change the kitchen layout, plumbing or seating generally need building permits and may need health department review. Confirm with the city or county before the contractor prices the job, and line up the funding so payments start near the reopening. The building permit guide covers the city and county side.
How to Buy a Restaurant in Coeur d'Alene, ID?
Buying an existing restaurant can be an alternative to building or remodeling one. A term loan for the purchase is read on the seller's returns and card statements, the equipment list and the lease assignment. A buyer who plans to remodel after the purchase should say so in the request, because the partner reads the combined payments.
The restaurant page covers kitchens, food trucks and buying a restaurant in more detail.
How to Buy a Restaurant Franchise in Coeur d'Alene, ID?
A franchise purchase adds the franchise agreement, the franchisor's disclosure document and the franchisor's approval of the buyer. Remodels are sometimes required by the franchisor on a set schedule, and the required scope belongs with the request. Opening a brand-new franchise unit with no trading history is a startup request, which Stonehollow does not arrange.
A Remodel Checklist for Coeur d'Alene, ID Restaurant Owners
- Split the budget into construction, equipment and closure costs.
- Check the lease term against the longest financing term.
- Get the landlord's written consent.
- Confirm permits and health review before the contractor starts.
- Work out the combined monthly payment and compare it with past earnings.
- Plan the closure: staff, suppliers and customers.
- Call (208) 314-7609 or send the request form with the estimate.
For the county's sector tables, open the Coeur d'Alene, ID page.
By Stonehollow Lending · Updated
