Own Book Sale and Leaseback for a New Hospitality Business

Opportunity:

A new city centre restaurant & bar with a strong management team needed additional funds to complete the project and meet opening deadline.

Approach:

The introduction came through their bank. Following a couple of site visits and meeting with the shareholders, funding was approved and paid out in a week.

Solution:

A £200K own book sale & leaseback was arranged over 5 years, PG backed, and title taken against £400k of newly purchased assets including furniture, catering, audio visual etc.