leasing

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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.

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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.

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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.

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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.

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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.

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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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Global specialist finance company, Falcon Group, provide both mid-cap companies and large corporations with tailored and flexible finance options to enhance growth. As a progressive company with employee wellbeing at the core of their successful operation, providing a top of the range fitness facility for staff was high on the agenda. Their London team recently relocated to a new office space on Lombard Street, and worked alongside fitness industry consultant, Elaine Coulthard, Johnson Reed and Fitness Systems to build their desired gym facility.

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Leicestershire-based patisserie producer, all about desserts, has a simple mission statement: to provide the best product at the right price, on time. Run by husband-and-wife, Craig and Clare Barton, the business specialises in patisserie; desserts, tarts, bakes, cakes and afternoon tea pastries. Earlier this year, the operation moved into a premises with the intention of increasing manufacturing capability. The facility has been kitted out with a cold room, allowing Craig to branch out further into chilled and frozen desserts to attract new clients and opportunities.

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JLES Group has enjoyed consistent growth, with five regional offices and numerous awards to show for their thriving trade. The team at the Manchester head office recently acquired new hardware through an IT equipment lease agreement to cater for growing demand and their expanding workforce. Their regular IT support company, Apex Computing, supplied new PCs, laptops, monitors and network attacked storage (NAS) in conjunction with Johnson Reed, who facilitated the bespoke lease on a stage payment basis.

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Trafford Park’s Total Ninja is the UK’s first and the world’s largest ninja park at 40,000 square feet. The venue opened in May, and if the first couple of months have been anything to go by, this is just the start for the fantastic new facility and Innovation Leisure’s latest business venture. As most recently illustrated by the conception of Total Ninja, the UK soft play and leisure landscapes are constantly evolving, with ideas and business ventures approaching more adventurous territory and catering to new audiences. Just like the swift uptake when trampoline parks sprang onto the scene, the rise of the ninja park could be imminent!