Restaurant

people

 

There are over 1 million restaurants employing an estimated 15.3 million restaurant workers in the US. The restaurant industry’s projected sales in 2019 is around $863 billion. However, restaurant failure is also common, with around 60% of new restaurants closing within the first year and nearly 80% closing before 5 years. Restaurants can go through its highs and lows, with some seasons with overflowing tables and others where business can be slow. In slower times, restaurants will still have to cover costs such as:

 

  • Rent
  • Building renovations
  • Food expenses and inventory
  • Payroll
  • Kitchen equipment
  • Insurance
  • Licenses and liability

 

Restaurant expenses can be overwhelming without the right help. Opportunity Business Loans can help you find the best deal when it comes to financing your restaurant. Secure your loan without the hassle of visiting multiple banks and lenders. With just one quick application, you can get connected to a large network of lenders who can provide you with the funding you need to successfully grow and operate your restaurant.

Your Business Can Survive & Thrive Despite a Recession

Table of Contents Discount Stores Health Care Personal Services Food & Restaurants  Freight & Logistics  DIY & Repairs  Apparel Retail Leisure Companies Can Flourish in a Recession The Typical Performance of Companies During a Recession Strategies for Surviving and Thriving…

Read more

Financing Options for Your Retail Business

Table of Contents Retail Business Financing Needs    Types of Financing Debt Financing Pros & Cons of Debt Financing Equity Financing Pros & Cons of Equity Financing Peer-to-Peer Investors Final Thoughts – Financing Options for Your Retail Business   The…

Read more

Succession Planning: How to Transfer Ownership of Your Business

Table of Contents What is Succession Planning? Why is a Succession Plan Important? Who Should Create a Business Succession Plan? When Should a Business Succession Plan be Created? What Should Be Included in a Succession Plan? Ways to Transfer Business…

Read more
All rights reserved @ Personal Loans 2020