First try your bank, and ask for a business start up loan. You will need to supply them with a detailed business plan, to show them your objectives of starting up your business
Princes Trust offers 14-30 year-olds opportunities to develop confidence, learn new skills, get into work, and start businesses. So dependant on your age, perhaps try and contact them http://www.princes-trust.org.uk they will give your money to start up your business, in the form of a grant AND loan. You go through a complete business course with them, to help you, and you will also get a mentor to guide you with the running of the business.
Business Link, is a government funded scheme to help people starting up a business. The Grants and Support Directory (GSD) allows you to search for potential sources of help with starting up or business development. The database contains grant and support schemes from central and local government as well as private organisations. Some of the schemes offer financial assistance, while some offer free or subsidised services ranging from advice through to practical involvement with projects. While many schemes are available nationally, some are targeted locally. Depending on your location, type of business and what you need the funds for, you may be eligible for a number of schemes in the GSD.
http://www.businesslink.gov.uk/bdotg/action/gsd?r.s=reg
2007-03-28 20:19:24
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answer #1
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answered by ஐ♥PinkBoo - TTC #1♥ஐ 5
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first you need to save some money as a deposit and a show to the bank that you can achieve some positive cashflow.
Second you will need to gather all your financial details and go and talk to the bank representative who will help you out with your loan. It is best to leave it in their hands to make proper arrangements because sometimes you will not be able to take out a full loan but rather several smaller loans.
It is best though to have some equity before taking out a business loan so the bank knows it can recover it's money in case of a downfall of your business... which i do hope you will do your best to keep.
Deposit, and equity are your guarantees to the bank.
Be ready for a lot of hard work and a lot of long hours for next several years before you notice good business...
2007-03-28 20:21:16
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answer #2
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answered by GhandiDahandi 3
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Check the Commercial Property pages in your local newsagent = it is easy to buy an existing Restaurant than to get planning permission to create a new one
2007-03-28 20:19:59
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answer #3
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answered by Steve B 7
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First learn the language of the place where you want the restaurant.
2007-03-28 20:18:58
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answer #4
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answered by Over The Rainbow 5
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Start a cheap catering business until you get your capital
up , and then you could build your business at the same time.
Plus do what you like doing at the same time.
2007-03-28 20:21:53
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answer #5
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answered by gordontony 1
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http://www.businesslink.gov.uk/bdotg/action/layer?topicId=1073858805
try this link xx
good luck
2007-03-28 20:56:20
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answer #6
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answered by Autism's Beautiful Face 7
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