COMING SOON – Predict how successful your future restaurant can be with the best interactive financial projection simulator for aspiring restauranteurs.
Restaurants are one of the most common new businesses for novice entrepreneurs to start. So much in fact that:
There are 1 million-plus restaurant locations in the US employing 15.6 million workers and in the United States alone.
That’s no surprise given that the foodservice industry is forecasted to reach more than $898B in sales for 2023.
But the restaurant business is not for the faint of heart. New restaurants often experience higher than average failure rates than businesses in other industries. For example:
Around 60 percent of new restaurants fail within the first year and nearly 80 percent shutter before their fifth anniversary.
However, this can be better avoided with proper planning and developing financial projections. With Projection Genie and our interactive financial simulator, we help new restauranteurs avoid launching a poorly planned restaurants by providing you with the financial analysis and reports you need to determine how to start a financially successful business before you launch it.
Not only does Projection Genie help restauranteurs answer questions like these, it also provides education on common business and restaurant terminology and recommendations via tooltips and self-help articles to improve your knowledge and understanding of your potential outcomes while creating simulations and what-if scenarios.
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