Possible Alternatives If You Cannot Secure Restaurant Financing
Working in the hospitality industry can be very challenging but also very rewarding. Because it is so competitive it can be tough to get restaurant financing, people are pressed for expendable income and the market is saturated with well known franchises and fast food outlets. The deciding factor between places is so subtle, it really does just come down to a matter of taste.
While there is an art to creating and serving food, many restaurateurs make their money from selling alcohol. If your zone is up to date with their liquor licensing and you have a good spot, this could be a less complicated option for you than running a fully functional kitchen. If you do not mind the late nights then this could really work out well for you.
If you have the right spot, hotels can make you a fortune. For this to work you do need to have a prime location. Close to the CBD or really near to a national airport is usually the best way to ensure you have a steady stream of clientele walking through your doors at all times. You also need a fair amount of capital to deck your rooms out and offer a swanky city service.
Game lodges and eco spas are the next big buzzword when it comes to recreation. They are more rustic in their offering but can be more comfortable and relaxing. If you like real fire, marshmallows and freshly barbequed meat then this kind of environment will suit you completely. It allows you to get close to nature and relax yourself entirely.
A guest house is somewhere halfway between a hotel and a lodge. The accommodation on offer is superior but the meals and the level of service more intimate and homely than what you could expect from a hotel. There is less freedom or latitude in terms of what you can and cannot do, as compared to a hotel.
This kind of work is done the best justice by someone who is happy and sociable. They like interacting with others and offer a good service with a smile all the time. They do not get tires or bored of their jobs and like working with other people day in and day out.
While restaurant financing might be difficult for you to obtain, there are other avenues for you to explore if you are creative and willing to expand your reach. Look at other options like pubs and guest houses and think about if another choice will satisfy your curiosity. Think about your own personality and its compatibilities and whether this will work in the long term.