Commercial Mortgages for Pubs
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The pub sector is beginning to thrive once again and there has been a rise in trading public houses for the first time in a decade.
UK drinkers are developing a new-found love of craft beverages and are embracing pubs as a feature of community life. Entrepreneurial landlords are targeting well located pubs and increasing profit lines, by diversifying their business model to include strong food offerings, letting rooms and hosting events. Presenting opportunites for both first time buyers and experienced operators, especially with corporate operators disposing tenanted sites.
Lender Appetite
There are is an ambundance of public houses in the UK and the supply of good-quality premises is generally plentiful. The same can be said for the types of pub available, ranging from city pubs to country Inn’s. Including offerings from food to entertainment, and with a variety of leasehold or freehold premises.
Whichever option you have in mind, Christie Finance will help you get the funding you need to purchase or lease the pub you want.
Pub loan features
The terms of a commercial loan against a pub will vary considerably from lender to lender but, as a general rule, the following may apply:
*subject to status
65% - 100%
loan to business value ratio
Key Factors to Consider for Your Loan Application
When you are thinking about buying a business there are various things that both you and a potential lender will need to consider:
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Experience – do you have the right level of experience to run the business? How will you run it?
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Performance – how well is the business doing? Is it in a good location? Is there enough profit in the business to be able to repay a loan easily and personally benefit from?
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A deposit of 30% or more
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Good credit history
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Two years' trading accounts and income projections
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Strong proposal from Christie Finance
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Additional security
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Business plan
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Proof of experience