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25 November 2020 | Retail Mortgages

Christie Finance secures funding for the purchase of Midcounties Co Op Store and Post Office

Specialist commercial finance broker, Christie Finance has supported a local, independent retailer to purchase the goodwill of Midcounties Co Op in Earlswood, an affluent village of Warwickshire.

Our client closed the store temporarily so that they could make some changes to the trading area, but have since re-opened with the support of national independent symbol group, Nisa.

The new owner comments, “We are delighted to have secured this store. We closed the store temporarily so that we could make some changes but hope that the customers will benefit from its recent reopening. We are pleased to have retained the Post Office as this is a really important service to the community. Christie Finance and Christie & Co were a great help to us during the process.”

Ed Brown, Finance Consultant at Christie Finance who secured funding adds, “We are experiencing an increase in demand from business owners and buyers since the COVID-19 pandemic hit earlier this year. Banks have been under pressure to push through the CBILS and Bounce Back loans and have welcomed our assistance with owners looking to fund new opportunities. The banks are still lending, and we are well placed to help with the funding process.”

To find out more information about this deal, please click here