The clients were looking at purchasing their own Post Office having previously been in the retail sector for a number of years. Having found a busy Post Office and Convenience Store in Luton, they were introduced to Matthew Kavanagh, Finance Consultant at Christie Finance, by Christie + Co who were handling the sale of the business.
Following the introduction, Matthew approached a number of active lenders in the market, including a number of High Street lenders specialising in the retail sector, and was able to secure an offer which fit perfectly with the client’s requirements.
Matthew commented “I am pleased to have been able to help Mukesh & Nanda with the purchase of this business. Our clients had experience in the sector, but this was the first time they had owned their own business. Having met the clients and been through their plans for the business, it became clear that as well as securing funding for the purchase, they also required additional funds to update the business and extend the range of products offered. With this in mind, I was pleased that we were able to secure funding that amounted to 108% of the purchase price, on very competitive terms.”