Your restaurant is doing well. Revenue is consistently increasing every quarter, your staff are pleased with their jobs and your customers keep stop coming back and recommending your restaurant to their friends. What should you do next?
Category archives: Finance
We're in the running for the Direct Lending Platform of the Year, Business Growth Enabler and Growth Finance Provider of Year categories in the inaugural Growth Finance Awards. The awards were launched this year to celebrate the companies providing “more than finance” to the UK’s growing businesses, and celebrate companies that provide a growth finance service that has delivered a clear and demonstrable impact over the past 12 months.
We've seen a growing trend in the use of merchant cash advances by independent restaurants, as a means to keep ahead of the competition and grow their businesses while many chain restaurants suffer losses and closures
We recently caught up with Joel Braham, founder of The Good Egg, to discuss the journey of his restaurant business, the challenges faced by independent restaurants and the importance of maintaining a happy workforce, consistently high standards and managing cash flow.
What is Liquidity?
Liquidity is how easy it is to convert an asset into cash. If you can sell an asset for cash easily, it’s considered to be highly liquid. If you might need several months or years to sell an asset, it has a relatively low degree of liquidity.