Restaurant Business Plan Funding
The whole point of writing your restaurant business plan is to raise the money you need to get your restaurant funded so you can be in business and enjoying all the benefits that come from being self employed. So how exactly does the plan we provide you with make this happen to get funding with your Restaurant Business Plan?
Once you have completed your plan and the financials, you are ready to start your raising the money . How you go about this depends entirely on how much you need. You may have discovered that with your personal capital and a loan, you will have all the money you need to get the restaurant you want.
Suppose you don't quite have enough, though? Suppose your personal net worth is low, but your desire is strong? Don't worry, there are still many options available to you. For example, in many restaurant acquisitions, the seller is willing to take on a second loan to help a new buyer take over.
Why would a seller do that? Well, this way, the seller still gets most of the money up front, and is able to sell the business which may be too expensive for an otherwise very capable and ambitious buyer. In addition, the seller actually makes a bit more, since they get interest on top of the sale price for the amount they loaned out.
Another situation involves franchisor (the company selling the franchises) programs for helping with some of the financing. This is also a great way for a new restaurant owner to get started, and it can be included as part of your restaurant business plan financials.
What about SBA loans? If you haven't heard of them, they are government guaranteed loans designed for small business owners. There is a lot of false information floating around about SBA loans, but we tell you exactly what you need to know, specifically for a restaurant plan, to land a loan from the SBA.
And we include all the forms you need, and tell you exactly how to put together a loan package for them that will get you the money you need. SBA loans are a great resource for new restaurant owners, and we help you take full advantage.
One way or another, rest assured- you can and will get the money you need to open the restaurant you want. In fact, We Guarantee It!
If you haven't already, take a look at exactly what a high quality, highly fundable restaurant business plan looks like.
The financials for your restaurant
business plan are explained on the page linked here, if you haven't read this yet.