Collins, Mary

English

University of New Hampshire

University of New Hampshire
University of New Hampshire Scholars' Repository
Media Relations Administrative Offices
10-25-2002
NH Small Business Development Center
Restaurant Initiative Wins National Award
Mary Collins
Follow this and additional works at: https://scholars.unh.edu/news
This News Article is brought to you for free and open access by the Administrative Offices at University of New Hampshire Scholars' Repository. It has
been accepted for inclusion in Media Relations by an authorized administrator of University of New Hampshire Scholars' Repository. For more
information, please contact nicole.hentz@unh.edu.
Recommended Citation
Collins, Mary, "NH Small Business Development Center Restaurant Initiative Wins National Award" (2002). UNH Today. 2320.
https://scholars.unh.edu/news/2320
11/3/17, 11'26 AMN.H. Small Business Development Center Restaurant Initiative Wins National Award
Page 1 of 2http://www.unh.edu/delete/news/news_releases/2002/october/jl_20021025sbdcaward.html
N.H. Small
Business
Development
Center 
 
N.H. Small Business Development
Center Restaurant Initiative Wins
National Award
Contact: Mary Collins 
N.H. Small Business Development Center 
603-862-2200
October 25, 2002
DURHAM, N.H. -- Warren Daniel, Seacoast regional
manager of the New Hampshire Small Business
Development Center (SBDC) at the University of New
Hampshire's Whittemore School of Business
Economics, and designer of N.H. SBDC's Restaurant
Initiative program, will accept an "Outstanding in
Business Assistance" award for his agency at the
National Association of Management and Technical
Assistance Centers (NAMTAC) conference in
Asheville, N.C., Oct. 29.
With experience as owner and operator of a five-unit
independent restaurant chain in New Hampshire for 20
years, Daniel noticed that although the New Hampshire
restaurant and hospitality industry generates $8.6
billion each year and employs more than 65,000 people,
these small businesses may not capture their share of
hospitality dollars spent in the state. After consulting
with the N.H. Restaurant and Hospitality Association,
he created the Restaurant Initiative to help independent
restaurateurs either to develop their businesses further
or start new restaurants and cafes.
The six N.H. SBDC regional offices now send
restaurant clients to Daniel in the Rochester SBDC
office, where he offers confidential business counseling
and training on business plans, financial analysis,
marketing, accounting, cash flow projections, pro forma
financial statements, new business or acquisition
evaluation, and more. Daniel says that the initiative has
helped 18 restaurants, with $239,000 in loans secured
and 24 jobs created.
He counsels restaurateurs to get market value for their
11/3/17, 11'26 AMN.H. Small Business Development Center Restaurant Initiative Wins National Award
Page 2 of 2http://www.unh.edu/delete/news/news_releases/2002/october/jl_20021025sbdcaward.html
product, which increases sales while avoiding higher
costs. In an industry with a high failure rate, increased
sales and profits mean higher stability. Daniel also helps
strengthen the competitiveness of independent
restaurants. All of these factors increase tax revenue
through the state's 8 percent Meals and Rooms Tax.
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NH Small Business Development Center Restaurant Initiative Wins National Award

UNH Scholars' Repository

University of New HampshireUniversity of New Hampshire Scholars' RepositoryMedia Relations Administrative Offices10-25-2002NH Small Business Development CenterRestaurant Initiative Wins National AwardMary CollinsFollow this and additional works at: https://scholars.unh.edu/newsThis News Article is brought to you for free and open access by the Administrative Offices at University of New Hampshire Scholars' Repository. It hasbeen accepted for inclusion in Media Relations by an authorized administrator of University of New Hampshire Scholars' Repository. For moreinformation, please contact nicole.hentz@unh.edu.Recommended CitationCollins, Mary, "NH Small Business Development Center Restaurant Initiative Wins National Award" (2002). UNH Today. 2320.https://scholars.unh.edu/news/232011/3/17, 11'26 AMN.H. Small Business Development Center Restaurant Initiative Wins National AwardPage 1 of 2http://www.unh.edu/delete/news/news_releases/2002/october/jl_20021025sbdcaward.htmlN.H. SmallBusinessDevelopmentCenter  N.H. Small Business DevelopmentCenter Restaurant Initiative WinsNational AwardContact: Mary Collins N.H. Small Business Development Center 603-862-2200October 25, 2002DURHAM, N.H. -- Warren Daniel, Seacoast regionalmanager of the New Hampshire Small BusinessDevelopment Center (SBDC) at the University of NewHampshire's Whittemore School of BusinessEconomics, and designer of N.H. SBDC's RestaurantInitiative program, will accept an "Outstanding inBusiness Assistance" award for his agency at theNational Association of Management and TechnicalAssistance Centers (NAMTAC) conference inAsheville, N.C., Oct. 29.With experience as owner and operator of a five-unitindependent restaurant chain in New Hampshire for 20years, Daniel noticed that although the New Hampshirerestaurant and hospitality industry generates $8.6billion each year and employs more than 65,000 people,these small businesses may not capture their share ofhospitality dollars spent in the state. After consultingwith the N.H. Restaurant and Hospitality Association,he created the Restaurant Initiative to help independentrestaurateurs either to develop their businesses furtheror start new restaurants and cafes.The six N.H. SBDC regional offices now sendrestaurant clients to Daniel in the Rochester SBDCoffice, where he offers confidential business counselingand training on business plans, financial analysis,marketing, accounting, cash flow projections, pro formafinancial statements, new business or acquisitionevaluation, and more. Daniel says that the initiative hashelped 18 restaurants, with $239,000 in loans securedand 24 jobs created.He counsels restaurateurs to get market value for their11/3/17, 11'26 AMN.H. Small Business Development Center Restaurant Initiative Wins National AwardPage 2 of 2http://www.unh.edu/delete/news/news_releases/2002/october/jl_20021025sbdcaward.htmlproduct, which increases sales while avoiding highercosts. In an industry with a high failure rate, increasedsales and profits mean higher stability. Daniel also helpsstrengthen the competitiveness of independentrestaurants. All of these factors increase tax revenuethrough the state's 8 percent Meals and Rooms Tax.Back to UNH News Bureau

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NH Small Business Development Center Restaurant Initiative Wins National Award

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