New business acquisition for retail professional
Specialist commercial finance broker, Christie Finance has arranged funding for the purchase of Starbucks News in Rolleston-on-Dove, Staffordshire.
The business is a well-established convenience store located in a primarily residential area.
The new owner, Mr Gurcharn Basra , was looking to take on a new retail opportunity after securing a buyer for their Costcutter Store in Swavesey, further to a successful marketing campaign by Christie & Co.
Nicole Jones, Finance Consultant at Christie Finance, had to work to a tight deadline after another broker had failed in finding competitive loan terms.
Nicole comments," The short timescales involved in this deal was a challenge, but I am delighted that I was able to help Gurcharn to secure not only one competitive funding facility but also a short-term facility to aid cash flow during the process."
Gurcharn said, "It was a delight to work with Nicole to secure favourable funding for the purchase of Starbucks and we would be happy to recommend Christie Finance to all prospective people requiring business funding."