Finding an investor for a new restaurant can be a daunting task. Persuading friends, family or strangers to lend you money will be much easier with a business plan that covers all aspects of your proposed venture. If your plan has been thoughtfully researched and includes market demographics, business strategy, marketing plans and realistic financial budgets and projections, it will go a lot further toward securing investors than just pitching an idea.
Things You'll Need
- Comprehensive business plan
Complete a thorough and comprehensive business plan. Investors are going to want a professional accounting of where their money is going and what they can expect in return. Business resources such as the Small Business Administration or SCORE can help you develop a plan. Business plan software such as Business Plan Pro, Biz Plan Builder and Quick Plan can help organize your research and financial calculations into a professional proposal.
Approach people familiar with your work ethic and experience. These are the people who will require the least amount of selling as to your abilities and character. Family members and previous customers can be helpful allies in helping you achieve your goal.
Network with affluent crowds. Doctors, lawyers and other business people are often looking for investment opportunities. Join business groups and attend functions where these people are present. Take opportunities to set up private meetings where you can pitch your proposal and get your business plan in their hands.
Talk to your bank. While restaurants are considered a high-risk business venture, if your plan is solid and you've managed to secure a portion of the needed funds, bank lending may be an option to help put you over the top with start-up capital and launch your new business.
Tips & Warnings
- Be persistent.
- Photo Credit money makes money image by Andrey Andreev from Fotolia.com
How to Find Investors for a Theme Bar
Theme bars have been extremely popular over the last few years and the trend does not seem to be slowing. Theme bars...
Where to Find Restaurants for Lease
Opening your own restaurant can be a great way to make a living and secure the money you need to retire. The...
How to Find Private Investors for Start-up Small Business
Finding private investors for a new business requires showing potential partners realistic, quantifiable numbers. This will involve preparation of a business plan...
How to Find Investors
Almost every business will need to request funding at some point. There are many different sources of funding, determined primarily by your...
How to Plan a Restaurant Business
Planning a restaurant business is an exciting prospect, but it can be physically and financially draining. With every start-up business, risks are...
How to Find Investors Online
If you are looking to start a business and need to find funds to see it through, looking for online investors represents...
How to Get Financed to Open a Restaurant
If you have the dream of opening a restaurant, you will most likely need to come up with money before you can...
How to Write a Letter to Investors of a Restaurant
A letter to investors of a restaurant should offer information that is clear and actionable. Reasons for writing the letter should focus...
Where Can a Woman Get the Money to Open a Restaurant?
Many women dream of opening up their own restaurant, but do not have the cash on hand to start the business on...