The next step needed to start your new restaurant is to obtain funding. Most of us don't have enough capital on hand to cover the cost of opening a restaurant without financial assistance. Securing funding from outside sources will determine if you can make your dream of restaurant ownership a reality. Begin by estimating total restaurant startup costs along with the cost needed for daily operations. Use this information to create a budget and forecast the total cost of running your restaurant for the next year. With your restaurant budget now in hand, compare the total cost to the amount of capital you have on hand to determine how much funding you will need. Remember to include the costs of licenses, equipment, building repairs, and staff salaries. Here are a few ways to secure funding for your new restaurant:
