Restaurant development finance

Restaurant development finance image

With the heatwave in the UK expected to last a few more weeks, if not months, how are business owners adapting and reacting to their market within these times?

Most business that we help are generally in the hospitality sector such as restaurants, hotels, clubs, cafes and pubs. The latter is in prime position to take full advantage of the current heatwave over the UK.  By expanding and promoting outdoor areas such as the classic beer garden, pubs are generating significant footfall in this period of hot weather.

Restaurants, on the other hand, are finding the going a little tighter. So if you own a restaurant, how can you catch up with the pubs during this time?

Restaurant development finance in the UK

Being able to adapt quickly is vital. Realising that beautiful weather is due to remain for the next few weeks if not months should lead you to think about new ways to attract customers. In fact with warmer weather forecast in future summers and the rise of ‘staycations’ restaurant owners should be thinking about ways to adapt to the changes in climate.

If you have outdoor spaces, these should be utilised more efficiently. Maybe you need funding for a roof terrace, improvements to beer garden space, an extension to invest in more tablespaces.

One gastropub in North Wales has implemented such change. To capitalise on their amazing position set in the foothills of the Snowdonia National Park and to enjoy beautiful valley views it seemed fairly obvious to build an outdoor terrace.

“Due to the great weather and the weak pound, consumers are opting for ‘staycations’. The Leisure and Tourism sector is at its strongest in decades. Combine this with the increase in public consumer spending, and it’s easy to see where the future opportunities are. The weather so far this year has been fantastic, bank holidays have been warm and sunny, half term breaks have been hot with clear skies. Now, through June and July, we are seeing the hottest weather in years.”

“We expect to see increases in restaurant, pub, cafes and hotel owners looking to invest in their business going forward – this is great news for the UK economy. It’s also an opportunity for us to spread awareness of our restaurant merchant cash advance product.”

To find out more and to discuss your restaurant, cafe, pub or hotel development – we can help financially.

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