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    Types of Restaurant Finance

    There is one key driver in the restaurant business – cash flow. If the cash is not flowing, the restaurant is not growing. And from time-to-time, you need an injection of money into the restaurant for anything from a refit, to expansion, restructuring or simply cash flow. Here is a list of the types of finance available to restaurants: Tax / VAT Funding Business Development Loans Cash-flow / Cash-release Facility Refurbishment Loans Asset Finance / Re-Finance (Leasing) Vehicle Funding Merchant Cash Advance Invoice Financing (Factoring) Personal Loans Secured Loans (2nd charge) Almost all lending is unsecured (ie not secured against property) but does require personal guarantees. I will cover these…

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    Q&A Chewsday: Just Eat vs Bespoke Delivery Systems

    Chris Eke emailed me about my recent post regarding Just Eat: I just read your post on ‘How does Just Eat work for Restaurants?‘ and found it really interesting! I do have a few questions if you don’t mind, I understand you’re probably very busy, so no rush. From your experience, do JustEat provide their own drivers to most restaurants signed up to them? Or do many restaurants have their own delivery drivers still? Yes to both. You need to check availability in your area as Just Eat don’t operate a delivery fleet as widespread as Deliveroo or uberEATS (yet). Some restaurants prefer to use their own drivers as they…

  • Just Eat

    How does Just Eat work for Restaurants?

    In my last post, I talked about how the Deliveroo ordering process works from the point of view of a restaurant. In this post, I will walk through the newest entrant in the delivery space – Just Eat – and contrast how the process works. This is from the view of a restaurant outside of a busy urban area (like London), so your mileage will vary in more densely-populated areas. Just Eat Onboarding Just Eat take care of the whole process for you and send you what is basically a hefty piece of hardware about the size of a stack of dinner plates (or an EPOS system with cash drawer).…

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    How does Deliveroo work for Restaurants?

    Deliveroo is one of the market giants in the food delivery sector. The delivery market hasn’t changed massively over the last couple of years and has been more about consolidation with the ‘Big 3‘ taking the lead: Deliveroo, UberEATS and now Just Eat. Amazon Restaurants came and went (and then invested in Deliveroo in Series G). But I digress. Restaurant Set-Up When we first joined Deliveroo 5 years ago, there was no set-up fee and they sent you a printer and ordering tablet for you to receive orders. However, times have changed and Deliveroo wants a large wedge of your cash as a set-up fee to onboard you, input your…