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 are 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 their 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:
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It is wise to find a lender with years of restaurant lending experience, in-depth knowledge of industry best practices and trends, and an understanding of unique issues and opportunities in the multi-unit restaurant industry. Our team of financing experts offers...Learn more
Single-Unit Restaurant Financing Running a restaurant is a very challenging task between managing staff, maintaining inventory, and keeping your customers happy. In order to stay profitable, it is required that you have sufficient capital to repair equipment when needed or...Learn more
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Table of Contents Step 1: Do Your Research Competitor Research Location Expenses Step 2: Write A Business Plan Step 3: Form A Business Entity Step 4: Buy or Build Your Laundromat Business Buying An Existing Laundromat Building A New Laundromat…Read more
Table of Contents Overt discrimination in the workplace Overt discrimination in lending What to do when you are faced with overt discrimination What are the other types of discrimination? Disparate Treatment Disparate Impact Tips for preventing discrimination in your business…Read more
Baby Greens 1508 W Anderson Ln Austin, TX 78757 (512) 770-6255 Baby Greens has saw a significant increase in popularity since the burger joint started serving made-to-order salads and wraps in 2004. The tiny drive-thru began to grow quickly due…Read more