Patio Season: Why Restaurants Should Look to Funding for Restaurant Growth and Expansion

It is a beautiful sunny day and people want to enjoy the sun’s warmth. Yet, they are hungry. Just down the street lies a restaurant with a beautiful patio on which they can sit, eat, drink and be merry as the sun glides across the sky. This restaurant should be your restaurant.According to a study by VSAG, when a proposed investment of $200k for a seasonal-use patio was evaluated, the return was $500k. In that same study with a synergistic design and marketing plan was factored into the ROI calculation, the business achieved a 65 percent gross profit. There are a lot of reasons to have a patio as a part of your restaurant. If your goal is to have a greater variety of patrons, you should know that customers with disabilities spend $150 billion annually in total and go where they feel comfortable. A patio can allow them more space to enjoy their experience and can be very therapeutic when maintained. Another important market are millennials. Did you know, 78 percent of…