Aside from the good food, nice ambiance and great customer service of a restaurant, what else that makes a restaurant business successful? Would it matter if the location of a restaurant is right across an amusement park? What difference would it make if a restaurant is right beside a corn field?
Of course, the location for […]
Filed under: Competition, Location, Opening A Restaurant, Plan Business
Menu pricing is one of the most important decisions for any restauranteur. It may look easy, but the fact is that you cannot price it simply by your intuition. It requires consideration, observation and asking certain questions. For instance, do you remember your last visit to a market or a mall as a buyer? How […]
Filed under: Cost Of Food, Management, Restaurant Menu, Tips For Pricing
As you may have guessed restaurant loans are taking a serious beating in the current credit crisis. A year ago, and even 6 months ago there were many options. In fact, 30 year fixed programs on restaurant loans where an option, stated income commercial loans where available, borrowers with very low and or no net […]
Filed under: Loans & Investors for, Loans & Investors for Restasurants, Restaurant Business Management, Restaurant Business Plan
Restaurant owners have limited options for commercial mortgages, relative to other businesses and building types. One of the most common options is the SBA loans. Although not perfect, they can be a viable option. For one, they are still reliable and are still closing. Two, they do offer some of the lowest fixed rates available […]
Filed under: Ideal Location, Loans & Investors for, Loans & Investors for Restasurants, Restaurant Business Plan
Examining options on a restaurant loan? Due to the current credit crisis you might want to take a look at the SBA programs first, as they are currently the most reliable programs. Not only do they have the highest probability of closing, they also boast some of the lowest rates, highest leverage, and longest fixed […]
Filed under: Loans & Investors for, Loans & Investors for Restasurants, Loans & Investors for Restaurants