Top 5 Ways Your Restaurant Can Benefit From a Business Cash Advance

Posted by Karen Erdelac on Apr 27, 2016

Top 5 Ways Your Restaurant Can Benefit From a Business Cash AdvanceThere are few businesses that require as much cash flow as restaurants do. After all, restaurants must have a wide variety of foods in stock before they can set up and begin selling to customers, and those with a bar must also stock thousands of dollars of beer and liquor as well. Add to that rent or mortgage, payroll, marketing and bookkeeping, and it becomes quickly apparent that it can take a large amount of cash to sustain operations.

Business cash advances provide a lump sum of cash to help businesses grow and thrive. Here are some ways that a restaurant can benefit from a business cash advance.

1. Cash to get through slow times.

There are many ups and downs in the restaurant business. Business tends to be brisk at certain times of the year and much slower at others. Bills like rent, office and supply costs, and management labor remain the same, however. A business cash advance can help you stay on top of expenses when business is slower, and pay it back quickly when things pick up. 

2. Quick cash to replace or repair equipment.

When a vital piece of kitchen equipment breaks down, it can mean closing your doors for an extended period of time if you don't have the cash to replace or repair it. And how can you make the money you need to get that equipment if you are closed, right? A business cash advance can be in your hands in just days, rather than the weeks or months a bank loan could take (if you can even qualify).

3. Cash for a top-notch marketing campaign.

If your restaurant is doing everything right but not enough people know about it, all your great work isn't doing you any good. Marketing is an important part of any business in driving customers to your doors, but a quality marketing campaign takes money that you may not have until you can increase your volume. Break this catch-22 with a business cash advance that provides the money you need to market your business now, and allows you to pay it back as the new customers roll in and your profits rise.

4. Cash to upgrade or renovate.

Top 5 Ways Your Restaurant Can Benefit From a Business Cash AdvanceEven the trendiest restaurant becomes worn or dated-looking in just a few years as a daily parade of customers and employees cause wear and tear and as new trends emerge. Few businesses have the cash flow or savings to renovate or upgrade on their own, but a business cash advance gives them this up-front cash to keep any restaurant looking and functioning at its best.

5. Cash to expand or open a second location.

Successful restaurants often lead to expansion or opening another location, both of which cost tens or even hundreds of thousands of dollars to pull off successfully. A business cash advance can provide this cash now so that the business can grow even more in the future.

Apply now for Business Cash Advance from Quikstone Capital Solutions to help your restaurant reach it's full potental.

Apply Now

Topics: Business Cash Advance