http://www.happyinvestmentsinc.com/?p=164 – 951-221-3929. A Restaurant is
a business establishment which prepares and serves food and drink to
customers in return for money, either paid before the meal, after the
meal, or with a running tab. Meals are generally served and eaten on
premises, but many restaurants also offer take-out and food delivery
services. Restaurants vary greatly in appearance and offerings,
including a wide variety of the main chef’s cuisines and service models.
Restaurants may be classified or distinguished in many different ways.
The primary factors are usually the food itself (e.g. vegetarian,
seafood, steak); the cuisine (e.g. Italian, Chinese, Indian, French,
Thai) and/or the style of offering (e.g. tapas bar, a sushi train, a
tastet restaurant, a buffet restaurant or a yum cha restaurant). Beyond
this, restaurants may differentiate themselves on factors including
speed (see fast food), formality, location, cost, service, or novelty
themes (such as automated restaurants). Resturant Loans
In the United States, it was not until the late 18th century that
establishments that provided meals without also providing lodging began
to appear in major metropolitan areas in the form of coffee and oyster
houses. The actual term “restaurant” did not enter into the common
parlance until the following century. Prior to being referred to as
“restaurants” these eating establishments assumed regional names such as
“eating house” in New York City, “restorator” in Boston, or “victualing
house” in other areas. Restaurants were typically located in populous
urban areas during the 19th century and grew both in number and
sophistication in the mid-century due to a more affluent middle class
and to suburbanization.
The highest concentration of these restaurants were in the West,
followed by industrial cities on the Eastern Seaboard, with the lowest
number of restaurants per person located in the southern states. Bar a
retail establishment that serves alcoholic beverages; also the counter
at which drinks are served. Restaurant owners require a good deal of
start-up funds for a variety of purposes. Before you can really get
started, you need to get an idea of how much your new business endeavor
is going to cost. Consider the following potential start-up expenses and
use them as a launching pad to determining how much money you will need
to finance your new restaurant. Resturant Loans Riverside|951-221-3929.
Planning your new restaurant involves a lot of research and preparation.
Financing your restaurant is no different. If this is your first
restaurant endeavor, you will undoubtedly need to work even harder to
convince your lenders—whether they are bankers, investors, or family
members—that your business plan will be successful. Consider the
following tips as you prepare to explore your financing options. When
turned down for a typical commercial bank loan, or when looking for
additional loan resources, many restauranteurs turn to SBA loans.
The SBA—the U.S. Small Business Administration—does not offer loans
directly, but guarantees loans made by private and public institutions.
Thousands of American banks grant SBA loans, and even the same bank that
dismissed your application for a traditional loan may be able to grant
an SBA loan. Factors affecting eligibility for an SBA loan include the
type of business, the size of the business, how the funds will be used
and the availability of funds from other sources, such as personal
financing or investors. Most banks and lenders require you to put some
of your own money into the business and contrary to popular belief, they
do lend money for businesses.
The more experience you have in the field, the better so take a part
time job in a restaurant and/or take some classes to help you succeed in
getting the funding you need. The basic loan application includes a
written statement in which you describe your business plan . You will
need to include how this business will generate income, define at what
points you will need an injection of cash and explain how you will use
the requested loan proceeds.
Also, include an explanation of how the loan will be repaid. We believe
that strong relationships with our clients lead to personalized service
and customized finance solutions. Whether you need equipment or real
estate financing, a development line for new store growth, remodeling a
store or a scrape/rebuild, acquisition financing, or refinance existing
debt, we can help. As many franchise restaurant owners know, owning the
real estate of your restaurant can lead to greater profitability. Since
commercial real estate transactions are complex, you need an experienced
partner. Resturant Loans Riverside|951-221-3929.