Business Plan Thai Restaurant
Business Studies Question – Please Answer?
Here is the question Ive been given:
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Joe is the owner of three franchise restaurants selling high quality Italian food. He is seriously considering opening a further franchise in a nearby town where, although there are two other restaurants of a similar quality, they offer Chinese and Thai meals.
The interest rate has increased by 3% over the last 3 months and Joe doesn’t know whether to carry on with his plans and open his new franchise or to wait.
Advise Joe on what he should do giving detailed reasons for your recommendation.
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Please help.
– I need you to answer the question not provide reference sites please 
Joe should get out of the restaraunt business because with the economy tanking the way it’s been people are eating out less to save money.
Seriously though, if the interest rate is increasing, it’s not a good time for him to take out a business loan to cover his capital costs of opening a new business. He’s better off investing that money and waiting for the interest rate to drop – or at least level off – before borrowing a big chunk to open a new location. If the interest rate keeps going up, he’ll make more money off of his investment portfolio than he would from opening a new location where he would have a loan to get started.
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