Reply To: How much in reserve funds? New Member, Just Starting

[Emerson]

Good topic and responses.

New store was mentioned have any of you heard what is the expected time or industry average after opening a new store to break even ? (meaning meet the bills)

I have heard that lenders if financing usually want to see 3 months of expense reserves. And they will often defer first loan payment for 90 days after opening.

I did receive a response to this question but curious what others have heard and or experienced.