Commercial Mortgages for the Leisure and Hospitality Industry
About the Sector
The hospitality and leisure industry embraces a wide range of businesses from hotels, pubs and restaurants, to travel, tourism, sport, leisure centres and gaming.
Guesthouses and B&B’s
Pubs & Restaurants
Caravan & Camping Sites
Self Catering Accommodation
Golf Clubs & Courses
Commercial Mortgages for Hospitality & Leisure Industry
Restructure existing borrowings
Purchase of additional property
Expanding your existing business
Finance to refurbish, or extend and existing property
Raising capital to purchase adjacent land or property
If you’re looking to purchase a property for one of the above uses, or you are looking to convert property you already own, an commercial mortgage can provide you with the finance you need.
Commercial mortgages can also be used to raise capital and restructure your existing borrowing, or improve existing facilities.
Requirements for New Business Start-ups
For new business start-ups the potential mortgage lender will expect to see a comprehensive business plan and projection of first year’s trading from the applicants. Below are some considerations to include in a business plan for purchase of a restaurant or licenced retail premises.
Who will run the business
Where will your business come from
Who is your target market
Where & how will you advertise
Will you need additional staff
Does the property meet health and safety standards
Strengths and weakness considerations
Your business background
Summary of Details Required in a Full Application
What does the purchase price, or value include?
Address of the property
Trading accounts for last 3 years (if buying an existing business)
Tenure of the property: Leasehold or Freehold
Projection of your first year’s trading
Professional CV to show any experience in the trade