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06 July 2017 | Retail Mortgages

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.

Starbucks-News-(1).jpg

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."