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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Quandoo was born in Germany and set out to ‘disrupt’ the restaurant reservations space since competitors like Open Table were charging a fortune for the service. That’s what they told us when we signed up shortly after they launched in the UK. Having recently read Blue Ocean Shift I now understand what it truly means to be a disruptor versus developing new business ideas to (Blue Ocean) Shift the business into a completely different dimension. ‘Disruptor’ is, sadly, an overused word meaning “doing the same as other people with a small twist”. Quandoo’s Disruption? Quandoo’s angle was to charge differently. You had a smaller monthly license fee plus the standard cover charge…
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The Employers’ Problem: Some Hospitality Staff Just Don’t Care
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If you want better service in a restaurant, respect these five unwritten rules
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