Catering finance case study

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Nestled on the banks of river Wyre in Lancashire is The Cartford Inn, a stunning 17th century coaching inn that offers 14 boutique, individually styled luxury bedrooms and dining that has been praised by both The Good Food Guide and Michelin.

The inn boasts two dining Lounges; the fire lounge and the popular new river lounge with a dining terrace. Here customers can try locally sourced French and English cuisine or have a bar snack and local ales, including their own ‘giddy kipper’, by an open wood fire in the quiet bar lounge area.

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Situated in the heart of Liverpool, Blackburne House Education Centre for Women is a unique institution that has been pioneering training for women in non-traditional areas of work for over thirty years.

This magnificent Grade 2 listed building also hosts an accredited conference centre and an award winning café bar that serves locally sourced food.

Blackburne House wanted to prove its commitment to quality by bringing the Café bar up-to-date with a new counter and kitchen technology to help with increased customer demand and to improving efficiency.

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The Culpeper is a London pub that offers a mix of traditional British and French provincial cuisine situated close to Petticoat Lane market and Spitalfields market.

Taking its name from the 16th century botanist Thomas Culpeper, it features a unique rooftop vegetable farm that supplies both the restaurant and herbal tinctures for cocktails at the bar.

To compete with stiff competition and offer more to the customer The Culpeper knew they needed to pull out all the stops and get a complete refurbishment, including a brand new kitchen.

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Park Resorts are a nation-wide and widely-recognised brand in the UK, specialising in providing and hiring out caravan parks, with 41 locations spanning across 2,400 acres in the UK. Known for their parks near the sea-side, the resorts are primarily located on the south and east coasts of England, with a few locations also in Scotland, Wales, and the Isle of Wight. The resorts see over 760,000 rental guests at their parks every year!

Based in Hemel Hempstead and employing just under 1,800 people, Park Resorts are a multi-million pound turnover business and have gone from strength to strength in the 13 years since they were established by private equity firm CBPE.

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Chilli Banana are a well-established and well-respected chain of Thai restaurants in the North West of England, with restaurants in Liverpool, Wilmslow, and Macclesfield and are known for their excellent Thai food and customer service.

Their 75-cover Wilmslow restaurant has a lounge, bar, and also provides takeaway services. Run by husband and wife duo Steven and May Wakefield, the Chilli Banana brand has become a franchise, with the two other premises (Liverpool and Macclesfield) run by individual restaurant operators.

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On the back of over a dozen new fish and chip shop clients, we have been introduced to Mary Janes, a very well established fish and chip shop in the Norfolk coast, incredibly well known locally and often referred to as the “most famous fish and chips on the coast”.

Having been trading in the family for, as quoted by owner Grant, “donkeys years”, Johnson Reed were recently asked to provide assistance for a £150,000 refurbishment program, comprising of full refurb, brand new catering equipment and frying range.

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Fish Net Express is a relatively new fish and chip shop based in Kirkby in Ashfield, and run by a dedicated young man named Sal. Known locally for excellent food and service, Sal is a man who prides himself on the quality and presentation of the food.

Johnson Reed were requested to provide assistance to the Fish Net Express for interior refurbishment and a new frying range, to allow the business to continue to cook its highly-praised food.

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The Marketplace Fish Bar is a well-established father and son operation, having been traded in the family for 30 years, and has an excellent reputation locally for incredible food and excellent customer service. The restaurant has recently undergone a full refurbishment, and now looks stunning!

We were approached by The Marketplace to help them get equipment finance for a new frying range to help continue making the renowned food, and to help the owners pay for the premesis refurbishment, rather than having to fork out upfront cash lumps for equipment. By using leasing, The Marketplace can use their operational budget to pay for the equipment over a fixed period of time, rather than having to pay upfront. This also gives some pretty great tax benefits!

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We posted a case study last month about The Rock and Sole Plaice, a well-established and famous fish and chip shop in Covent Garde, London.

Well today we are delighted to hear that they plan on continuing their expansion in central London by opening a new fishmongers nextdoor! We are all waiting in anticipation for news about when it’ll be ready, and we’ll keep you posted!

In the mean time, we couldn’t help but show you a picture of their quality food, which Johnson Reed director Mark Johnson thoroughly enjoyed when he visited!

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When it comes to fast food, here at Johnson Reed the office is split between fish and chips, or pizza. Fortunately, our latest client – Hull’s based Bella Pizza – has a long 15 year history in making some of the best pizzas in Hull, and are now expanding into the fish and chip market by opening a fish and chip shop next door.

We were approached by them to help get equipment finance for a brand new frying range, on a tax-efficient lease. We were able to acquire £30,000 for a frying range and associated catering equipment, with a 10% upfront deposit and the balance over a 36 month period.