Here’s Why You Should Consider A Cafe Refurbishment

Nathalie Jones

Thursday, 23 June 2016

Refurbishing your cafe may cost time and money, but it’s an essential part of growing your business and staying ahead of the competition. When was the last time you did a refurbishment? Perhaps you haven’t done one since you opened your business. If so, you may be missing out on a whole host of benefits that go hand in hand with refreshing the look and feel of your business.

So, let's weigh up the positives and negatives

The prospect of closing your cafe for a short period of time might be intimidating, and you might be worried about the potential loss of profit. However, the potential increase in profits in the longer term - if you plan and execute your refurbishment carefully - far outweighs the short term loss.

Closing your business briefly may also give you some breathing space, and there are plenty of things that are better done when you’ve got perspective. Perhaps you want to retrain your staff, refresh the menu or use the opportunity to clean the cafe from top to bottom. Your loyal customers will notice the difference, and your new customers will be left with a great first impression.

Of course, there are also some drawbacks associated with refurbishing. Building work can be quite noisy, and you run the risk of disrupting your neighbours, whether they be residential or commercial. It’s always best to maintain good relationships with the locals, so plan ahead and give them plenty of warning. Make time to have a conversation about any concerns they might have.

The truth is that undertaking a proper refurbishment will be expensive up front. You will have to work with designers and builders, and you may even need to spend time talking to lenders if you’re looking for a loan.

This begs the question: where are you going to find the funds for your cafe refurbishment? Some lenders specialise in funding these kinds of projects. You may want to start by speaking to your accountant or bank and researching your options.

Get in touch if you need help sourcing finance

Valiant can help you with this process. We don’t provide the loans, but rather we connect you to lenders offering loans that meet your specific needs. The Valiant platform compares loans from over 60 lenders across the market and returns only the loans that are suitable for you.

There are plenty of bank and non-bank lenders on the platform with a range of options to choose from. If you’re relatively new to the business, you may not have the trading history required by the major lenders and a non-bank lender may be more appropriate. Give our credit specialists a call on 1300 780 568.

Nathalie is the Communications Manager at Valiant Finance. She has a double degree in Journalism and Law, and a background in the fintech space, hailing from Asia's largest fintech hub, Stone & Chalk.

Related Posts

6 key areas to focus on in 2021 that drive lasting business growth

After a year like 2020, you might be wondering where to even start. Click for six key focus areas that drive lasting business growth.

How to take a break from your business and switch off these holidays

Get the most of your holiday with these three tips for winding down, and return to the office feeling genuinely refreshed.

5 ways a business loan can benefit you these holidays

Could a business loan benefit you these holidays? Get your last minute finance for Christmas and start the new year off strong.

Our top tips for managing cash flow this Christmas

Christmas doesn’t have to equal chaos. Check out our top tips for managing cash flow this silly season.

9 realistic mental health tips for the busy SME owner

One in three small business owners struggle with their mental health. Here’s what you can do to keep yours in check.

7 tips for creating momentum in business, and why it's key to success

Ever hit a wall and not know where to go next? Here’s the key to building momentum in business (and in life).

Too old to start a business? This will change your mind.

You’ve been dreaming of that grand business idea for years, maybe even decades. These 5 famous entrepreneurs will inspire you to finally get started!

Real Talk: Does Work/Life Balance Exist?

Spoiler: it definitely exists. Make 2018 your best year yet by using these 5 tips to strike a work/life balance.

3 Great Ways To Drive Sales Through Customer Loyalty

Get more customers and keep them. Here's the low-down on setting up your very own customer loyalty program.

How To Develop Your Unique Selling Proposition

A Unique Selling Proposition (USP) is fundamental for any business looking to grow. Learn how to develop your USP and stand out from the crowd.

12 Business Set-Up Costs You Need To Know About

Setting up a business is hard enough, without getting stung with unexpected costs. Here are the things you should be thinking about before you dive in.

Here’s Why You Should Consider A Cafe Refurbishment

A cafe refurbishment could keep you ahead of the competition, and you may not need to fund it yourself. Explore your finance options using Valiant today.