Funding for a Nightclub
Updated: 14th February 2007 (AM)
Amount: £66,000
Our client wanted to make the most of an opportunity to acquire an under-performing nightclub.
Because of the nature of the industry, the historic losses, and the types of assets involved, our client was unable to secure the finance from traditional sources.
We were prepared to spend the time to fully understand the proposal. We established why the nightclub had struggled, the levels of investment being made, and the likely returns based on local demographics. This enabled us to present a more complete proposal for funding.
We secured the finance, and after an initial investment of ?180,000 by our client, they are currently returning 45% per annum and have a potential buyer at £550,000
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