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How to Start a New Restaurant

How to get financing for a New Restaurant

The suggested financing sources for restaurants are similar to those for any new business. Entrepreneurs should choose to draw upon their own financial resources if they have the means and wish to retain independence and management control. If new business owners lack personal financial resources, they must look elsewhere for funding, such as through friends, acquaintances, business partners or through loans from financial institutions.florida restaurant startup

Small Business Loans

The U.S. Small Business Administration (SBA) has a number of loan programs for fledgling entrepreneurs. The SBA 7(a) Loan Program is designed to help businesses in disadvantaged areas by offering lower-dollar loans up to $250,000 to foster economic development. The SBA Microloan program is designed to provide funds for working capital, inventory, supplies, furniture, fixtures and equipment. The loan is not to be used for debt reduction or real estate purchases. The average microloan is approximately $13,000 with terms up to six years. Securing even a government backed loan can still require good credit, so be prepared to have your finances in order.

Partners and Angel Investors

Entrepreneurs can always seek out either business or investment partners to both share in the burden of financing, and take an active role in management of their business. When entering into any partnership, it is always wise to document the roles and responsibilities of the individual partners, as well as the division of investment proceeds or losses. It is best to consult with an attorney to establish a partnership agreement or similar legal business form.

Starting a new Restaurant and buying Restaurant Equipment in Florida can be a challenge but with the right strategies you can get started.

 

 

Top Tips for Buying the Best Restaurant Equipment in Bahamas

If you plan to buy restaurant equipment, you need to be well prepared. This can be a complicated task. Given the fact that restaurant equipment is not actually affordable, you will want to make sure you take a good decision. It will not serve your business to give lots of money on equipment that is not suitable. You can find information about restaurant Equipment Bahamas on the internet, but you can also use some tips to assist you in the buying process.

Prior research is very important

Do not buy anything until you have done your homework and you know for sure what type of equipment you actually need. You have to select some features to look after in your equipment and you need to be informed about the average cost.

Plan your space carefully

You do not want to end up with restaurant equipment that will not fit in your available space, because you will simply waste money on it. Measure everything two times.

Gas or electricity

Check if your restaurant runs on gas or electricity and buy the equipment accordingly. An electric oven is useless if you actually have gas at your disposal.

If you go for electric restaurant equipment, make sure that the things you buy do not require more power than you actually have. Check the amperage your electric system can provide and make sure it matches the amperage of the equipment you want to buy.

You might indeed be excited about buying new restaurant equipment. However, you will not do yourself any good if you will buy more than you need. You will simply lose money that you could use for something else and you will end up with unused equipment in your kitchen.

Part of your research should include finding information about the manufacturer of the equipment you want to buy. You should always shop from a reputable company in order to avoid problems.

Plan your budget carefully for the right restaurant Equipment Bahamas

You should know in advance how much money you could afford to spend on equipment and to stick to your budget. Do not get over excited and spend more, because it will most likely be of no help.

Energy Star rated equipment

Make sure the equipment you plan to buy is compliant with the codes established by your local fire, health and building department. Failing in complying with these codes can get you in trouble.

If you want your restaurant to be environmentally friendly, you should buy Energy Star rated equipment. This means that it is highly efficient from the energetic point of view.

Trustworthy dealer

Always buy restaurant Equipment Bahamas from a reputable and trustworthy dealer. This way you will receive qualitative equipment from top manufacturers. Hope this was helpful. Happy shopping!

Find the Right Restaurant Equipment St. Lucia Restaurant Owners Need on Budgets

Buying restaurant equipment for a new restaurant in St. Lucia can be a daunting task, especially for those venturing into it for the first time. Building a restaurant and running it effectively will take your time, and you need to prepare properly for opening day, so that you are not surprised and overwhelmed. If you fail to collect the right restaurant equipment St. Lucia needed to run the business, you will be at a risk of loss. Therefore, it is highly important that you learn how to find them in the right way.

Research

Find out what the people you intend to serve enjoy eating. This is relevant in determining the kind of the equipment needed. Making a list of this equipment will allow you contemplate the budget clearly and asses your ability to meet it.

Size

Measure the size of the location you plan on setting up. This enables you determine the capacity of the location, and therefore the capacity of the equipment. This also goes a long way to reduce your headaches on several things such as buying a sparkling new commercial refrigerator.

Power

If you have ever bought something that has been made overseas, it is most likely that it was not designed to fit the power outlets, or the power supply available. You might also consider the power source for items such as gas cookers, as there might be no gas lines in the place, making your equipment troublesome.

Warranty

Many items used in busy kitchens can tend to break apart at the most convenient times. It is good to have items with at least one-year warranty. It will save the repairing cost, before your business stands on solid ground.

Environment

There are hundreds of campaigns running each day on television about environmental conservation and going green. You can do this by using restaurant equipment St. Lucia designed to conserve power consumption, and ensure the waste is properly disposed or managed.

Sanitation

Nobody enjoys working in polluted or hazardous places. You need to keep the restaurant clean, well ventilated and a pleasant appearance. It will help make the environment of the restaurant better. You also do not ever want to have a customer complain about food poisoning, or a fly in their soup. Ensure you never compromise on the quality of the food served, and that the people employed in the restaurant maintain high levels of etiquette.

Maintain these points as you set up to launch your business, and you will be better prepared to face the rocky journey of a business startup. There are other factors to consider when you start a restaurant. With the right restaurant equipment St. Lucia, you will make profits.

The Right Restaurant Equipment for Virgin Islands Restaurant Owners

In the restaurant business, there are several requirements needed to run the establishment smoothly. You will need very specific restaurant equipment virgin islands, as this is a unique market as compared to other parts of the country. Finding a reliable supplier for this city is of top most importance, and you need to go the extra mile when doing so.

One of the first things you need to consider is your budget. You can find used equipment for a lower price. This does not mean that buying used items is just for those with limited budgets, as there are pre own items in the market with quality matching besides brand new items.

One of the best places to find dependable used items is from restaurants undergoing renovations. Buying from such places can help you find a great deal, because most of the equipment is being sold to give room for something else, not because it is faulty. It is always good to check with the quality of the appliances yourself, and check for hidden flaws.

If you have a good business idea but not enough funds to run it, there are several banks offering loan programs for the restaurant business. You will even find some companies who specialize in leasing restaurant equipment, which means you do not have to spend as much on the equipment, just to use it for some time. Shopping for your equipment online can also end up saving your wallet size. The reason for online stores being cheap is that they spend less on rent and other formalities the regular stores have to deal with. Online shopping is also a convenient way to cut your fuel expenses, because you will not have to drive from one place to another.

Different foods will require different preparation methods, and consequently different appliances. You have a wide array of choices when it comes to items such as six burner cookers, where you can choose between gas and electric, but items such as fridges, require a constant power supply, making power back ups necessary. Consider the capacity of the restaurant, and buy restaurant equipment Virgin Islands to suit its needs properly. Buy commercial size equipment, as you might find yourself back on the shopping list when the place is overwhelming.

Buy specialized appliances for the different popular food items, including deep fryers, countertop fryers, steam tables, pizza oven, and many more. It is more convenient to buy fuel ovens such as gas cookers, as you might need to use them for outside catering. With a little research, you can find the best place for the right restaurant equipment Virgin Islands.

Things to Look At the Right Restaurant Equipment for Naples, Florida Restaurant Owners

Owning a successful restaurant is the source of pride for many business owners in Naples, Florida. This success, however, never comes easily, and you will have invested a lot of time and money in the business before it becomes lucrative. The main part of the Restaurant Equipment for Naples, Floridarestaurant budget allocation will go into the rent or lease, the buying of equipment, purchase and the hiring of the work force. Without the right restaurant equipment Naples Florida business owners cannot find the success.

There are many restrictions when it comes to hiring people that will serve the best. Minimum wage meaning that there is not much you can do to lower spending on this front. Saving your money will be more or less determined on how you approach the purchasing of the equipment.

You can start bargaining on old equipment.  If the quality is high, you will save much more. You can expect high quality equipment, if you buy brand new items. Evaluate the pros and cons of new or used items and go with what you are more comfortable with.

Buying used equipment can offer you a classic personality, whereas buying new items will give you a sleek and modern look. Buying used items is cheaper than buying new items, but the new items have warranties when the used items do not have. Keep thinking along these lines, and you will soon see what suits your needs best.

You can buy your restaurant equipment Naples Florida online. It will save you from bargaining. You will find that this market is highly competitive. Different stores will have different price tags on their items. When you browse with a couple of web stores, you will be able to find some good ways to save money on buying the equipment.

If you get quotations for various items in the online stores, make sure you make the purchase within 30 days, as the offers handed to you will expire and leave you out of a great bargain. Before you buy, get updated prices for the items, as they might have changed new restaurant equipment Naples, Floridasignificantly from the time of your inquiry leaving you shocked by the bill you are invoiced.

Find out if there are free deliveries of the items to your location, the time it will take to receive the items, and any extra costs you might have. Follow these guidelines when buying those items. With a little research, you can find the best deal. Although there are many places for you to buy those restaurant equipment, but with the best dealer of restaurant equipment Naples Florida, you can save a lot of money.

Things to Know Buying Restaurant Equipment in Port Charlotte, Florida

There has been an unbelievably successful growth in the food service industry. None of this success would come without the advance equipment. Today, nearly every function undertaken in a restaurant has a device meant for its execution. You will buy what best suits your needs. There are different manufacturers of different equipment. There are also variations in functionality from the same manufactures, giving the right value for your money. When choosing the best restaurant equipment Port Charlotte Florida restaurant owners must be wise.

The days of having a freezer and a simple cooler have gone. Today, you will get equipment designed to preserve for longer, and at the same time saving on energy costs. You can find items that can perform various tasks, and you save more when you invest in these, as you do not have to spend on what can be readily done by another appliance.

With all the choices presented to choose, it is understandable that one might get confused about the right way to move.  Therefore, you need to research before you decide to make any purchase. The most important factor you need to consider when setting out to buy restaurant equipment Port Charlotte Florida is the capacity of your business. Simply put, the more people you intend to serve, and the larger equipment such as refrigerators needs to be. Still on the issue of the restaurant capacity, the size of the equipment will also be affected by the business area, as there are establishments not designed to fit in facilities.

The specialties you intend to offer will also have an impact on the equipment you need to buy. If for instance you intend to sell pizzas in your restaurant, you will definitely need a pizza oven, which is not designed it the same way as a bread oven.

There are complementary food items many people like to take together. Many customers may not take it lightly if you sold pizza, and did not have any soda to complement the meal. If you want to buy a pizza oven, make sure you have a soft drink cooler or dispenser. Gas supply and dependable electric flow may not be available at all the locations, which means you might need a contingency plan for their limitations, such as buying propane tanks, and having power supply back ups.

You need to consider many things as you embark on this path, and at times, the best solution would be to hire a planning expert, who will ensure all the essentials are considered before the grand opening. With the right place to buy your restaurant equipment, they will recommend you the right restaurant equipment Port Charlotte Florida you need. All of you let them know the details of your business and budget.

Commercial Restaurant Equipment in Fort Lauderdale, Florida

Commercial Restaurant Equipment in Fort Lauderdale, Florida

Whether you are a small food joint owner, or a five star restaurant serving authentic cuisine, one of the major things you have in common is the restaurant equipment. What good would you be in serving awesome delicacies if you do not have the right choice of kitchen equipment? But then Fort Lauderdale, FL is a place where you might not know how much growth your restaurant business is in for. So picking up the appropriate restaurant equipment, at the right price, used or new, from the right supplier becomes the deciding factor.

What are the aspects you should consider when you are opting to buy or lease brand new restaurant equipment? One might argue that a good price is an important factor. But is that it? Guess what, price is not the only aspect when it comes to choosing the right restaurant equipment. Other factors are –

  • Knowing your restaurant’s kitchen requirements and needs
  • Developing a sourcing plan for the required restaurant equipment
  • Soliciting bids for new equipment and evaluating them
  • Complexity of the equipment and ease of maintenance
  • Life cycle costs

There are a variety of used or new restaurant equipment, bar equipment and commercial restaurant equipment which you can consider. Some of them include –

  • Dish machines
  • Coffeemakers
  • Ice machines
  • Coolers
  • Gas ranges
  • Ovens
  • Fryers
  • Grills

No matter which particular restaurant equipment you select on, there are options of either choosing used or brand new ones. One might not get stuck on minor flaws like dents and cuts on some of the machines. But then there are distinct pros and cons of opting for used restaurant equipment, few of which would be –

  • Used equipment saves you money if you get the right deal
  • One might end up with some more freebies while negotiating some used restaurant equipment
  • New restaurant equipment though comes with warranties
  • Failure rate is quite less with new equipment

Being in the restaurant business you ought to serve great good, amazing delicacies, lip smacking cuisines and all of these are dependent on the right choice of equipment in your kitchen. Building reputation is time consuming, but one wrong piece of restaurant equipment and down you go in a whiff. Other than reviewing the above factors, you should also evaluate different brands, customer feedback and various deals that you are getting from suppliers while choosing the restaurant equipment. It all boils down to your selection, how much budget you have and what kind of expectations you have set!

The Value Of Restaurant Equipment Repair in Florida

Trained Service Technicians

Trained Service Technicians

Food service establishments have many options as it relates to buying commercial kitchen equipment. There are a number of cases in which buying repaired restaurant equipment would be the ideal choice because of the great benefits that can be derived from doing so. Restaurant equipment repair offers tremendous value to restaurant owners. In the case of a piece of kitchen equipment that has been reconditioned with superior parts and is well maintained, there is a great chance that it will be a valuable asset to the business for many years. However, a thorough inspection should be carried out on the piece of equipment and an attempt should be made to get background information of the item before a purchase is made.

Checking a Hobart Mixer before it is sent to the sales floor.

Checking a Hobart Mixer before it is sent to the sales floor.

The most obvious and profound benefit of opting to purchase used commercial equipment is that a lower upfront cost will be paid. This makes the purchase easier on the budget and a more realistic acquisition for a number of struggling business owners. However, restaurant equipment repair is not just for business owners who are struggling. Buying used commercial kitchen equipment is often viewed as a wise purchase for businesses that are not necessarily struggling. There is high quality and affordable used commercial kitchen equipment available on the market. The budget is usually the biggest deciding factor when it comes to whether a new or used piece of restaurant equipment is purchased. Anticipated usage is another important factor to consider when buying repaired kitchen equipment. Below are some tips on how to successfully purchase used kitchen equipment for commercial purposes:

Pompano Restaurant Equipment Repair

• It could quite daunting to purchase pieces of used restaurant equipment. Make sure that the seller does not make you feel uncomfortable. If the dealer is giving off the vibe of a shady used car salesman, you should seriously consider not doing business with that establishment. While visiting the location, look around and take note of whether the environment is clean and organized. This is usually a good indicator of the type of business person the dealer is. A dirty and disorganized environment often translates to dirty dealings on the part of the business owner.

Pompano Restaurant Equipment Repair

• Consider buying from a company that has a service technician who tests and repairs the items that come in.

• Typically, used equipment is sold “as is,” which is an industry standard. Some dealers will offer guarantees but the fine print often reveals that the guarantee only protects customers if the equipment arrives dead on arrival. The most some sellers are prepared to do is replace parts when they malfunction shortly after the piece of equipment has been purchased.

Essentially, before making the final purchasing decision, ensure that both the reputation of the seller and the equipment itself are thoroughly checked out. Among other actions, it is always wise to talk to customers who have made previous purchases. Additionally, it is important to get references to ensure that the seller is legitimate and has a good reputation of delivering on their price, quality and service commitments.

restaurant equipment repair7

Tips To Buy High Quality Cheap Restaurant Equipment in Kendall, Florida

Tips To Buy High Quality Cheap Restaurant Equipment in Kendall, Florida

When planning to start a restaurant business, there are several things you need to know. To begin with, you should do plenty of research before you invest in the restaurant business. You should know your target customers, ideal business location and any legal obligations you need to satisfy. The other thing that you need to know is where to get your restaurant equipment. You should realize that the most costly thing in starting a restaurant business is buying restaurant Equipment Kendall Florida.

To ensure that you buy the right equipment, you must know the equipment your business needs. Restaurant needs equipment such as dinning equipment, icemakers, storage apparatus, crockery, baking equipment, chairs, tables, and many others.

For you to buy the right equipment, you need to research and identify a reputable manufacturer or supplier who stocks high quality restaurant Equipment Kendall Florida at affordable prices. If you have friends who know of a reputable supplier, these are the best people to ask to refer you to a good supplier. If not any of your friends knows a good supplier or manufacturer, then you need to do your own research. The best place to do your research is online. Many businesses are online. Therefore, it will be easy for you to identify a supplier or manufacturer who has what you are looking for.

Although, there are many suppliers and manufacturers online, you need to realize that not all of them have the best customer service. To be on the safe side, you should do business with a supplier who has good customer service. This is because it is easy to deal with them in case the equipment develops problems in the future. Other than some suppliers not having the best customer service, some of them may not stock what you are looking for.

After doing your research, if you do not identify with a manufacturer or supplier in your local stores for the equipment you need, you should consider ordering the equipment online. The good side of ordering online is that you do not have to travel physically to the supplier’s store to make the purchase. The equipment is delivered to your doorstep.  In addition, in case the equipment does not meet your specifications, you can always return it to the supplier.

You can buy the restaurant Equipment Kendall Florida online or offline, but one thing you should ensure that you buy high quality equipment. This will not only save you a lot of money, but it will also ensure that the product has a long life span.

Tips for Success with Your Restaurant Equipment in Palm Coast, Florida

Tips for Success with Your Restaurant Equipment in Palm Coast, Florida

Restaurant equipment range of ice machines, restaurant tables to table clothes. Starting a new restaurant can be financially intensive. This is due to the huge cost of restaurant equipment. The good side is that if you do not have a huge budget to buy all new equipment, you can always buy second hand restaurant Equipment palm coast Florida, which is usually much cheaper than the new equipment. Some of the equipment you can buy as second hand include porcelain, edge chain, and accessories. In addition, you can also lease some equipment if you do not have enough money.  Excellent equipment you can lease is a refrigerator.

Chairs and tables are of paramount importance in your restaurant. This is because they strongly influence the look of your restaurant. As chairs and tables are a huge cost to buy, you should ensure that you find a supplier selling the chairs and tables at an affordable price. If you do not have enough money, you can always lease or buy second hand goods. Whether you buy new, second hand, or leased, always ensure that the chairs and tables are of the highest quality. In addition, the chairs and tables must be enough to cater for a big number of customers.

If you are planning to have a restaurant bar, you should ensure that the bar is stocked with the right equipment. The equipments in the bar should depend on the size of your restaurant, alcohol license and the theme of the restaurant.  To buy the bar equipment, there are numerous suppliers selling splendid restaurant Equipment palm coast Florida online at affordable prices.

The cooling unit is integral equipment any restaurant should have. The cooling unit aims to make sure that there is minimal wastage of foodstuff. Depending on the size of your restaurant, you should buy bar equipment that fits your requirements. To be on the safe side, even if you are starting a small restaurant, it is wise to buy a large commercial cooling unit. This is because with a large unit, you will not have to buy another in the future in case you want to expand your business.

The tablecloth is important equipment that is essential to your business. Although, table clothes are not expensive to buy, they usually require constant replacement and are difficult to clean. When buying them, always ensure that you buy high quality and easy to clean table clothes. This will eliminate the need of buying new ones every now and then.

Finally, you should ensure that you have the right restaurant Equipment Palm coast Florida such as heat boxes and cooling boxes. When buying this equipment, just like all the other equipment, always buy high quality.