Growth and Scalability: How to treat every kit purchase as a revenue-generating asset

Sometimes upgrading and purchasing new equipment is necessary to enable and maintain your day-to-day operation, and sometimes your investment may be part of a wider strategy to grow and improve your business. Regardless of your rationale, it can help to adopt the analytical mindset of a business growth expert to ensure you’re making a worthwhile investment and taking a step in the right direction towards your business growth. Here’s the inside track on a business growth expert’s decision-making process, and how to approach every equipment purchase as a revenue-generating asset.

5 minutes with Airea 51

Airea 51, the UK’s newest indoor adventure park and the first of its kind in Telford, is about to spring into action. At more than 30,000 square feet, the park boasts a wide range of indoor leisure activities, from trampolines to ninja warrior courses. We catch up with founder and director, Dean McQuire, to discuss his first foray into the industry, the trampoline park potential in the UK and the crucial role equipment leasing played throughout the start-up process.

Q&A with ukactive

Established in 1991, ukactive was created as the trade association for the leisure sector, committed to improving the health of the nation through promoting active lifestyles. We grab five minutes with senior account executive, Adam Farrant, to discuss their ongoing mission, member benefits, important dates for your diaries and predictions for the leisure and fitness industries in the coming year.

The rise of the multi-site operator

Hospitality venues are showing resilience amongst reports of rising inflation and increasing running costs with property specialist, Cushman and Wakefield, predicting the opening of around 3000 new restaurants and cafes in the UK in the two years to the end of 2018. Aside from the continued growth of large restaurant franchises, this momentum has also been recognised on a smaller scale, with successful independent restaurants, bars and diners expanding to their second, third and fourth sites and beyond.

Britannia Fish Bar upgrade range

Established back in 2005, Britannia Fish Bar has been a popular establishment on Dartford Road for many years. With plenty of passing trade from the main road, a surrounding residential area and many dedicated regular customers, business is thriving for the busy chip shop. With food quality at the core of the successful business, Yusef and Kanil decided it was time to upgrade their ageing frying range. Britannia Fish Bar was kitted out with a brand new Hewigo high-efficiency range, complete with new frying pans, a fan-heated chip box and a full length heated top display with a servery counter.

Am I eligible for finance?

We’re often asked, particularly by new-start operators, ‘am I eligible for finance?’ Whilst the bank and more traditional lenders tend to operate by a very strict criteria, the process of securing finance with Johnson Reed is a straight-forward and much speedier process. The information required and the process itself can vary depending on a number of factors, and whilst we like to review each business case individually, we understand it can help to have some initial transparency on what’s involved. With this in mind, we’ve compiled a cheat sheet to give you the inside track on how asset finance is underwritten and approved in the UK.

Just Fit strikes the right balance

Staying fit and healthy is a high priority for many of us, but we all know how tricky it can be to stick to a training regime – especially alongside the multitude of other life commitments we need to juggle! Having accumulated 10 years’ experience in the fitness industry, personal trainer, Karla Peacock, set out to help clients achieve this balance, and started up her own training facility in Bolton. Just Fit opened at the beginning of May, and offers both personal training sessions and group options, for those wanting a big-impact workout on a smaller budget.

New-start Nemo’s off to a frying start

Proprieter, Kim Somal, had a vision to open a contemporary new chip shop and takeaway in the Pennywell area. In early 2016, she secured a premises on the busy residential Hylton Road, and with local knowledge and a business-oriented family behind her, Nemo’s was born. Kim approached Johnson Reed, as the UK’s most-trusted chip shop finance company, to explore the finance options for the equipment purchases and shop renovation.

Adventure Zone continues to expand soft play offering

Directors, Darren and Lorraine Malt, have made a series of upgrades to the facility, including the introduction of laser tag earlier in the year, and most recently, the purchase of new soft play equipment. As well as upgrading the more dated features, the new equipment has helped expand the existing soft play structures, providing a larger and more exciting laser quest venue for birthday and corporate parties. Now older children and parents can get involved too!

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