What It Means to Have Sweat Equity in Your Business

Remember back to the first restaurant you opened?  It probably took everything you had to scurry up the funds required to sign the lease, build the store out and get it ready for opening day. Those unanticipated cost overruns didn’t help either. If you’re like most first-time restaurateurs, you most likely went to friends, family members, and your own personal savings to patch the initial funding together. An experience you probably won’t ever forget, and assuredly one you aren’t anxious to repeat.

So how is it that a number of notable restaurateurs are able to have so many locations and expand their brands?  Did they have an endless source of personal funds? Family members with deep pockets? Lottery winnings? No, they eventually came to master the art of “sweat equity”, a concept that has become a standard in the world of restaurant finance.

Yes – you can actually get paid to do the thing you love to do best, develop a restaurant concept.

What is sweat equity you…