When looking to expand your business, what preferred funding routes would you would consider? (Select all that apply)


Bank loan 53% Other loan 19%


Venture capital or private equity/investor 33% Business angel 12% Friends and family 15%


0


Online crowdfunding 7% Stockmarket flotation 2%


Enterprise Investment Scheme 11% Other 11%


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Andrew Webber, corporate partner, TLT “Venture capital and private equity investors remain particularly active in this sector. They are looking for opportunities to back early-stage brands with a perceived leading edge for fast growth, as well as proven management teams leading a new roll-out. “There is a large appetite for debt and equity funding, and this is likely to remain the case as consumers continue


to drive growth and the market for exits through mergers and acquisitions remains busy. Tax incentives and access to increased board support also mean that angel investors are often available to help early-stage ventures develop scale and brand.”


20 30 40 50 60 70 80 0 10 20 30 40 50 60 70 80 What are the 10 most important factors in choosing a restaurant location?


Significant population living or working nearby 71% Parking 57%


Good visibility from road/pavement 57% Existing footfall 56%


Opportunity for outside seating 45%


Easy to get to by public transport 32% Proximity of retail businesses 30%


20


Being among other cafés, bars and restaurants 30% Accessibility for deliveries 29%


30 40 50


Proximity of other leisure businesses (such as cinemas, theatres) 27%


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Matthew Phipps, partner and head of licensing, TLT “The ability to use any available outside areas to extend restaurant space is clearly a very important consideration when taking new premises, be it private space or public highway. Not only do such areas give scope to increase covers in the summer months, but they can also showcase the restaurants’ offer to potential customers. “As the process for gaining permission to use the public highway varies considerably between the different local


authorities, a flexible approach is required for multi-site operators with restaurants in different locations. You also need to consider whether conditions on your premises licence restrict the use of outside space in a way that could harm your business.”


6 | Insight Report www.thecaterer.com 0 10 20 30 40 50 0


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