As with other types of business finance, Acorn’s experience and relationships with all the key players in the licensed sector mean that Acorn client’s are taken seriously by vendors, deals are secured away from the open market and Acorn clients are more successful.
Whatever the type of pub you are buying, from a small village inn to a gastropub or busy town tavern Acorn have the skills and expertise to assist.
Although good quality freehold units are in short supply at present and we are told “the bank’s are not lending” finance is still available for good quality propositions. Units which can display a trading history and applicants with sector specific experience can still expect good levels of funding.
With pub companies and other property investors coming under increasing financial pressure there has never been a better opportunity for the tenant or lessee. Acorn have been funding sitting tenants for many years and were the first to arrange 100% funding by using Market Value as a starting point rather than purchase price. The lending is more difficult at the moment but still works on the same basis.
These units are more difficult to fund but Acorn have a number of finance options for good quality applicants. The business plan will need to be robust and will need some backup from a valuation. An Acorn expert will help you to assess the deal and proceed on a unit which will be feasible.
With rural and community local pubs under threat from cheap supermarket alcohol and increasing red tape in recent years there has been an increase in the numbers of community groups getting together to purchase their local pubs. Acorn have teamed up with one of the leading finance sources to assist not for profit organisations to purchase and successfully operate their pub.
At the moment there is very little finance available for the purchase of a lease or a tenancy as they offer no security to the lender. Finance can be arranged if it can be secured on another property (say, a house).
As shown above, many lessees are being given the option to purchase the freehold of their units from the landlord/pub company. When considering signing a lease it could prove very advantageous to negotiate an option to purchase the freehold of the unit at a later date.
Acorn can also assist your business in saving money during operation. Through our contacts we have created a new service to help you save on financial products, food & non-food purchasing, insurance and employment law coverage. Click to find out more about AcornAdvantage.
As one of the longest established and experienced brokers with licensed trade specialism here at Acorn we’re always going to be straight with our clients.
If we can help then we get on with it to get your case completed as quickly as possible. If we can’t help then we’ll let you know. That way you don’t waste your time on something that will never happen.
Because we only get paid if we’re successful so you don’t have to worry about contacting us.