How much a room can absorb depends on how much it does.
We work with restaurants from about $500,000 a year. The same $200,000 raise is a rounding error for a group and a fifth of the year for a single room, and the right instrument changes with it. Pick your band.
- $500K – $750K
$500K to $750K: options exist, and the instrument matters most here.
Typical raise: $25,000 to $75,000
- $750K – $1M
$750K to $1M: real options, chosen carefully.
Typical raise: $25,000 to $100,000
- $1M – $3M
$1M to $3M: the core of what we do.
Typical raise: $75,000 to $400,000
- $3M – $10M
$3M to $10M: usually a group, usually a second or third room.
Typical raise: $250,000 to $1.5M
- $10M+
$10M and up: you have a lender. We're the second opinion and the growth channel.
Typical raise: $1M to $10M
It's the first thing we'll ask you.
Covers Advisory is an independent capital advisory, not a lender. We do not make funding decisions, and we are compensated by funding partners when a placement we arrange closes. Our recommendation is the same whether or not a partner pays us. How we're paid.