How Restaurant Owners Can Best Utilize Merchant Cash Advances

As a restaurant owner, you’re well aware of the constant changes that need to be made in order to satisfy hungry members of the public. It’s important that your establishment is never seen as stagnant. The forthcoming start of the fall season, for example, is a great inspiration to add new menu items.

However, growing your eatery isn’t so easy when you don’t have the funding to put your plans for growth into action. This is where a merchant cash advance can come in very handy! How can you best utilize this alternative funding source?

Upgrade your kitchen equipment.

How old are your ovens, refrigerators and grills? Is it time to upgrade the appliances in your kitchen? Doing so can increase both the speed and quality of your food preparation. By buying new kitchen equipment, your eatery can deliver quicker service times and secure better customer satisfaction. For example, modern ovens and refrigerators are more energy-efficient. Investing in them can help to significantly reduce utility bills over time.

“Commercial kitchen equipment is equipped with modern technology to make cooking easier than ever,” notes Chef’s Corner on Celco.ca, “For example, commercial microwaves have programmable settings that allow you to quickly cook food by simply pressing a button. This minimizes human error and reduces the need to monitor food as it cooks. In result, your cooking processes will be more reliable, and your dishes will be perfectly cooked every time.”

Expand your menu.

Why not put your funds towards sourcing higher-quality ingredients? You can also experiment with new dishes or introduce seasonal specials since the fall season is soon to begin. With extra cash on hand, you can grow your menu and set your restaurant apart from competitors. An expanded menu can cater to diverse dietary preferences. We’re talking about vegan, gluten-free and organic options, for example. They are becoming increasingly popular.

According to Jackie Prange of TouchBistro, your restaurant menu should always be changing. “Adding new items is a great way to add diversity without getting rid of what’s working,” she writes, “A new menu item can brighten up your business, kind of like a pop of colour would for your decor.”

Renovate the dining area.

Patrons visit your restaurant for many more reasons than just the good eats. They want to dine in warm and inviting atmospheres. Could your dining area using some sprucing up? Use a portion of your merchant cash advance to invest in comfortable seating. Redecorate the eatery to attract a younger crowd. By refreshing your dining space, you can make your establishment more Instagram-worthy. This will grow your word of mouth promotion on social media.

“Customers come to you for the experience, regardless of whether you provide quick food or offer casual or gourmet dining,” says Beltway Commercial Services, “The total experience of your guests is improved by all of these components, including the flooring, lighting, and dishware, encouraging them to return time and time.” Your experiences will have a monetary value and drive sales.”

Contact Synergy Merchants today!

With our unique merchant cash advance program, you can often get the funding you need within 24 hours! There are NO credit checks and NO need for collateral! To learn more, please don’t hesitate to call us at 1-877-718-2026 or email us at info@synergymerchants.com. You can also apply online for a free, no obligation quote!