Art Place

  • €400,000 Loan amount
  • 5 days Time-to-fund
  • Business Purpose
  • Catering Industry

Intro

Small restaurants have many advantages over larger establishments and national chains. Small restaurants offer instant ambiance and coziness, which are ideal for a concept like a cafe or a sidewalk bistro. They often require less startup capital for equipment, maintain less staff, and cost less in terms of ongoing utilities and maintenance. Even with a small amount of seating, smaller restaurants can still produce sizable profits. No matter what size restaurant you are thinking of opening, location is one of the most important factors.

Background

No matter if it is a small cafe or a sprawling eatery/conference center, you will need a business plan to secure any kind of financing. Think of your business plan like a roadmap to success. It will lay out important items like your startup budget, expected profits and losses, payroll, and other operating expenses.

As you research information for your restaurant business plan, you may encounter issues you hadn’t considered previously — such as licensing, health codes, and tax laws.Pay careful attention to the type of menu and the dishes you plan to serve. The trend toward local produce and farm-to-table is well-suited for a smaller establishment, which can highlight regional cuisine and ingredients sourced from the community or surrounding area.

Conclusion

Every business needs a marketing plan, and your food-service business is no exception. But even as you consider various marketing vehicles, keep this in mind: Research conducted by the National Restaurant Association reveals that word-of-mouth is still the best method of advertising. More than four out of five consumers are likely to choose a table-service restaurant they haven't patronized before on the basis of a recommendation from a family member or friend. So make the foundation of your marketing program an absolutely dazzling dining experience that customers will want to talk about and repeat.

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Warren Templeton 1

QuberGNG
We raised over $4 million within a week! WOW! All thanks to the investors and impeccable service of the platform. Every penny will go to the improvement of QuberGNG.

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Visionary Investments
We're completely satisfied with the services of WeFundIt. Very professional attitude and great customer service.

Warren Templeton 2

QuberGNG
We raised over $4 million within a week! WOW! All thanks to the investors and impeccable service of the platform. Every penny will go to the improvement of QuberGNG.

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