A Liverpool based restaurant, offering a predominately vegan and vegetarian menu
The Challenge – Operating with £8k Overspend
The owner of a high-end vegan, vegetarian restaurant assumed he had enough financing in place for his new flagship restaurant. However, having now looked back at some of the interior fit-out costs in the original business plan forecast, it put the new enterprise £8,000 over budget. Although the business had got off to a good start operating with this £8,000 oversight was challenging. One month after opening, the owner approached BFS for advice on a cash advance.
The BFS Solution
The BFS team were quick to recognise that a business of this type enjoys a high volume of credit and debit card transactions and therefore a Merchant Cash Advance facility in exchange for a percentage of future sales could be the solution required.
Having built a network of Merchant Cash Advance experts BFS were quick to pair this business with a suitable provider. Within 14 days, as is typical, the required funding was in place and the restaurant continued to trade without concern.
The restaurant has proven to be a local success and with the increasing trend in healthy cuisine throughout the city of Liverpool, alternative plans are already afoot to open a takeaway delivery outlet offering this popular nutritious food.
Merchant Cash Advance Experts
Merchant cash advance was the ideal business funding option for this client, with the funding available to the business in as little as 2 weeks. If you’re looking for a short term funding option based on future sales, give one of our expert team a call today on 0800 047 2389.