Retail
Business Lease Owner or Shop Finance
High
cash turnover retail businesses located in England
and Wales may be able to raise finance for purchase
or refinance if they have a lease or freehold
in place. Such businesses might include for
example curry house or Indian restaurant, supermarket,
convenience store, pound shop, Chinese takeaway,
cafe, dinner, kebab house, fish and chip shop,
pizza house and newsagents, not forgetting a
pub or public house.
These
type of shops normally have a leasehold tenancy
arrangement with their landlord. Turnover is
generally high. Though high street lenders normally
would prefer to lend to them potentially after
a few years of trading and ideally if they have
had their business account with them. This then
can allow the bank to assess how the business
has preformed looking for consistency. This
obviously would give the lender more confidence
as the shop appears a lower risk and has a track
record of good trading.
Often these type business run long for hours
and are open seven days a week creating a high
cash turnover. Labour may be cheaper with the
business owner being hands on along with close
family members. And staff who are not afraid
to work extremely hard long hours. This will
generally result in a strong business.
Also
demand for these type of businesses is high.
Take for example a newsagents. It may open very
early in the morning and have good trade with
customers coming in from going to work. Then
a good flow of walk by day traffic followed
by a steady evening trade that could last until
11pm. So would generate a high cash revenue.
Cash
Retail Business loan
Here
is a list and example of other retail outlets
that may be considered including an off licence,
post office, clothes or fashion boutique, bistro,
inn, tavern, hamburger bar, wine bar, brasserie,
snack bar, petrol station, disco or night club.
hotel, motel, gym or fitness club, children's
nurseries, care and nursing home which are for
commercial lending or business finance.
Such
businesses above may be looking for help from
the list below:-
Finance
for a lease
Or
if you own the lease of your business you may
want one of the following:-
BUY
THE FREEHOLD OF A BUILDING
BUY A SECOND BUSINESS
BUY OUT ABUSINESS PARTNER
DISCHARGE BANK OR PRIVATE LOANS
DISCHARGE AN OUTSTANDING VAT DEBT
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