There will be times when your restaurant needs additional cash flow to operate and grow. It's just the nature of the business. Perhaps you've got a slow time of the year and a major expense has come up, or you've had a setback elsewhere and you want to ensure quality doesn't suffer in the kitchen or at the table.  A loan can mean high interest, a complicated repayment plan, and a lengthy process that can be difficult to finish.  Here's what a merchant cash advance can do for any restaurant.

Test New Dishes

Any restaurant, no matter how modest, has to shake up its menu from time to time. But that can be a tricky proposition for some. The kitchen is constantly busy, your chef may need to bring in a consultant to develop or test recipes, or you may need to buy more food to make sure your staff has what they need to properly build a dish they're proud of. A cash advance will give you the necessary room to keep your restaurant fresh, and the flexible payment options you need to experiment without worrying about a burdensome repayment plan.

Renovations

Maybe you've been thinking about freshening up your decor, or redesigning the facade of your building. If expanding would add more tables for your staff to fill or would create an atmosphere that more conducive to bringing in new patrons, a cash advance can ensure that you've got the money on hand to get it done. After all, the more tables you've got, the more business you'll receive.

New Equipment

Restaurant equipment is built to take a truly shocking amount of abuse, but sometimes, accidents happen. A spoon gets lost down the ice cream machine, seals fail on an oven, or perhaps you've been using the same skillets and pans for a while and they're starting to show their age. You can get a cash advance, typically approved within 48 hours, to put new equipment in place and keep your kitchen humming and your staff putting great food on tables.

Liquor Selection

Liquor is undeniably a huge profit center for any restaurant, but just like foods, trends come and go in the drinking world, and staying on top of what your patrons are looking for can be an expensive prospect. Similarly, if you need to refresh your wine list or update your beer taps, that can be a costly enterprise, especially if you're trying to offer a range of seasonal favorites, or if your chef wants to pair a beer or a wine to specific dishes. Use a cash advance to make your liquor purchases and put your cocktail menu on top. Moreover, if your cash advance partner offers flexible payments, you can use the profits from increased liquor sales to repay the initial investment.

Expand Your Space

A well-run restaurant will, sooner or later, run into a problem all restaurant owners want; they simply don't have the tables to cater to the number of diners showing up to sample the menu. With a cash advance, you'll be able to quickly add tables and just as quickly pay off your advance.

In many cases small business owners lack the credit or collateral to access the money needed to remain flexible.  Quikstone Capital Solutions provides cash for businesses.  A merchant cash advance from Quikstone Capital Solutions is a business loan alternative that can help your business thrive and prosper, whether you need cash to buy equipment, cash to renovate or expand, cash to purchase inventory, cash to advertise or cash for emergencies. Quikstone Capital Solutions can help.

Like a few more ideas on how to grow your restaurant business? Download our free Restaurant Investment Guide below.