Owning Your Own Business is Within Your Reach
When it comes to the pub finance and leisure industry, experience is key. That’s why our 25 years of senior management experience in both the brewery and hospitality trades can work for you if your dream is to own your own business.
Unfortunately, you might be thinking now isn’t the right time to chase after that dream. The economy feels uncertain. Thousands of bars and restaurants have been forced to shutter their doors, and there is an increasing number of leasehold and freehold properties currently on the market at knock down prices.
Realising Your Dream in the Midst of a Downturn
We might be dealing with uncertain times right now, but that really isn’t a reason to give up on your dream. Thankfully, we have still been able to help many clients realise their dream of business ownership. If you truly want to enter the pub, restaurant, and leisure sector, you don’t need to lose hope based on the state of the economy. Instead, let us assist you when it comes to getting started securely, so you don’t have to worry about the potential pitfalls of starting a new business on your own.
If you’re already a current ‘tied’ leaseholder, we can help you to acquire the freehold of your existing property. As a result, you’ll own the property outright and won’t have to worry about your lease any longer. Most business owners don’t realise that there are some special arrangements that can be made when it comes to financing, especially if you’ve already proven yourself to be a well-established, profitable business.
What Are the Key Underwriting Requirements for Pub, Bar, Hotel, and Restaurant Finance?
Unsure as to what’s required to receive underwriting or finance for your business? We’ve got you covered.
- The types of residental property types supported include houses, terraces, mews, and flats.
- Your application should showcase evidence that your business is in high demand within your locality.
- A re-financing option can be provided if your property is going to be retained on completion.
- Mixed-use and commercial schemes can be included, but they are subject to a demonstratable demand upon completion.
- Any ongoing developments will need to demonstrate a sufficient profit margin to absorb any possible future reduction in the anticipated Gross Developed Value (GDV) of the project.
- You should have a reputable CV, good standing within your community, and experiene with success within the sector.
As a business owner, you already have plenty on your plate. Financing shouldn’t be something that keeps you from reaching your dreams. So, if you have a solid business plan, personal experience, and the passion to enter this sector, feel free to consult us today. We’re proud to be specialists in pub and leisure sector financing, and we’re happy to go to work for you!
Give us a call today or submit an inquiry, and we will get back to you right away. Our years of expertise is given in confidence and with no obligation to you.
Get In Touch
Let Us Help You
If you need any further information please do not hesitate to make contact with us to discuss your project in depth. You can give us a call us at our Birmingham office on 0121 663 6201 or email us on mshephard@whiterosefinance.co.uk Alternatively, you can fill in the form below and a member of our team will get back to you.