Methods for Raising Money for a Restaurant, Bar and/or Club Acquisition – Part 2
In the first part article on this topic I discussed how to raise money through raising your own money, seller financing, third party financing including SBA loans, small minority and woman-owned business loans and bank loans. In this article I will discuss the various ways investors can be helpful in investing into your business and […]
Methods for Raising Money for a Restaurant, Bar and/or Club Acquisition – Part 1
Methods for raising money for a restaurant, bar and/or club acquisition is a two part series and in this first part I will discuss the following topics: 1. raising you own money, 2. seller financing and 3. third party financing. The second part which I will discuss in the next edition of Restaurant Rap will […]
How Much Money Do You Need to Open and Operate a Restaurant, Bar or Club?
If you are purchasing a restaurant, bar or club business you need to have adequate money on hand as indicated below before you move forward with the acquisition. Let’s assume for illustrative purposes you will be purchasing a business for $150,000 which includes an alcohol license. Purchase Price. In addition to $150,000 cash you will […]
The Essentials For Preparing A Business Plan For Future Growth Opportunities
If you plan on opening a new restaurant, bar, club or other business it is essential that you prepare a comprehensive business plan. A business plan is necessary for raising money from investors, getting third party financing and/or getting approval from a prospective new landlord to lease a new space. The essentials of a business […]