Blog posts tagged with "Restaurant Loans"

In 2017, more than 10,000 restaurants closed, leaving these small business owners with disappointment and uncertainty about the future . While it’s uncertain how many restaurants fail in the first year (outlets have reports varying from 17 to 90 percent), the reality is that business do fail and small business owners must work hard to keep their doors open.

In 2008, Roy Choi sold Asian-infused tacos from his truck in Los Angeles. Although Kogi BBQ wasn’t the first food truck in American history, Choi sparked a movement that’s continuing to thrive today. According to IBISWorld, the food truck industry is worth nearly $1 billion and has grown by 7.3 percent in the past five years. Currently, there are more than 4,000 food trucks in the U.S. with more than 14,000 people employed in the industry.

You might think that having a love of cooking and a little business savvy is all it takes to run a catering company. However, a lot more goes into growing a catering business and doing it well.

Did you know that around 3.1 million people nationwide follow a gluten-free diet? Due to this, more and more restaurants are adding gluten-free options to their menus. It’s crucial that you accommodate as many patrons as possible, and one way to accomplish this is to ensure that you’re providing options to customers who have dietary restrictions.

The restaurant industry is fast paced and depends on customer satisfaction. Too often, restaurant owners focus only on the bottom line, without recognizing that productivity depends on every part of their restaurant’s operations. To combat this, your goal as a restaurant owner should be to find inefficiencies in your processes and develop ways to make improvements.

To run a successful restaurant, it’s pivotal that you stay up-to-date on the latest industry trends. Unfortunately, your role is likely extremely busy; from managing employees to purchasing inventory to providing customer service, you probably don’t have a lot of down time. Luckily, there are numerous restaurant blogs that compile information that you can utilize while running your establishment. Whether you need help with restaurant marketing or hiring the right service staff, you should check out this helpful list of restaurant blogs!

As a craft brewery owner, your job is to provide customers with a variety of beer options, helpful customer service, and an overall pleasing experience. Still, even if you’ve mastered these crucial elements, there’s always room for improvement. That’s why a small business loan can comes in handy!

Small business loans are a practical and useful resource for businesses in nearly every industry. Loans can be used to get a business off the ground, cover day-to-day costs, or expand the company over time, just to name a few examples. As a catering business owner, you have unique needs, as you’ll need to build a consistent customer base, invest in catering equipment and inventory, and market your services through the appropriate channels.

There are numerous factors to consider before opening a restaurant. It can be a challenging process that takes a lot of preparation and hard work, but it can also be extremely rewarding. If you have plans to open a restaurant in the future, here are some important things you’ll need to know before opening your doors to customers.

As one of the largest private sector employers in the United States, the restaurant industry goes through billions of pounds of food every year while generating billions of dollars for the economy.