Leading figures within the catering industry are upbeat about the prospects of the eating and drinking-out sector, giving restaurant owners a clear indication that now is a good time to expand or launch their business.
A survey carried out in May by data research consultancy CGA in partnership with hospitality software provider Fourth found that, of 160 company leaders questioned, 75% were optimistic about the performance of their own business over the next 12 months – the highest levels recorded for more than two years.
Mark Kozo, Head of Marketing for Portman Asset Finance, said: “The upbeat tone of this survey is great news for those catering business owners who were perhaps holding back on investment plans for their company – or entrepreneurs waiting for the right moment to launch their new enterprise.
“While there will always be challenges and pressures, investment is the key to growth and what we are seeing is that restaurant owners who are making that leap to improve their offering are stealing a march on those who are sitting tight and waiting it out.
“Securing flexible funding through an asset finance agreement is a great way to get the equipment or resources your business needs now, without tying up valuable working capital.”
If you would like to discuss how we can help you access affordable finance, call our expert Account Managers on 01604 321 995. Meanwhile, click here for more information about our financial products for catering businesses.