Where does your initial capital come from

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rubisultana3
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Joined: Sat Jan 21, 2023 4:48 am

Where does your initial capital come from

Post by rubisultana3 »

Target market: Age, income level, preferred mode of transportation are all key elements in identifying your target audience. Create standard profiles representing your ideal clientele, even if there is no guarantee that they will actually visit your restaurant. Initial investment: How much does a restaurant cost? Define the prices to pay to buy or rent your premises, then to renovate and equip them. Establish the costs necessary for the constitution of your initial stock in drink and food. Calculate how much your staff's salary will cost you over a year. Operational costs: Project, week by week, your costs for sourcing from your suppliers, paying your employees, marketing and paying your rent. Marketing: Having a clear marketing strategy from the start is essential to determine what budget to allocate to promoting your establishment.

Funding: Know which shares come from you, from partners, from banks or from the government. Clearly explain how you plan to generate phone number list income. Several aids to the financing of the opening of your restaurant are possible. For more details on how to find the funds needed to start a restaurant and what budget to allocate , consult our complete guide “ Prospective budget to open a restaurant”. The personal contribution to open a restaurant: an essential? Having your own personal capital is undeniably an advantage when you want to embark on this entrepreneurial adventure, even if a personal contribution is not an essential prerequisite. If some banks require up to 30% personal contribution for an own investment, the required contribution depends on a number of criteria: amount of the loan required, profitability of the project, previous investments, relations established with your banker, etc.

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Rely on adequate aid and subsidies Loans, subsidies or even interest subsidies are some of the financial aid to which restaurant opening project leaders may be entitled. Contact your bank, department or region to estimate the aid to which you may be entitled. We can mention in particular: The loan of honor : loan without interest or guarantees, it aims to give a financial boost at the very beginning of the entrepreneurial adventure. The average amount of an honor loan is 8500 euros. To benefit from this, contact Réseau Entreprendre. NACRE (New Support for Business Creation and Takeover) : various financing solutions are offered, including a zero-interest loan of up to 8,000 euros for a period of three years. For more information, visit Public Service Garantie Création (BPI France) : if your bank is reluctant to grant you a loan, the Garantie Création aims to insure and guarantee the loans granted by the latter up to 60%.
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