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!
Because of our history in this sector, we were more than happy to use our own funds to provide a quick decision to the client, and not have to satisfy the criteria of 3rd party lenders. Because we were able to use our own money, The Marketplace was able to avoid applying for finance from traditional lenders, like their bank!
Since the agreement for finance, The Marketplace have referred 2 friends for our services!
Mark has since met with the family on a couple of occasions, as an excuse to enjoy his favourite pastime – eating fish and chips!
Johnson Reed are great to deal with, they saved us a big hassle with the bank! We have already recommended them to a few of my close friends.
