Restaurant Financing for a new start up
Learn how a head chef and his partner made the decision to start their own concept restaurant and utilise WestWon’s restaurant financing
Having previously worked as a head chef in the hospitality sector for several years, a head chef and his partner made the decision to start their own concept restaurant, offering locally sourced, fresh food to the people of Bristol.
With much of their start up capital already sunk into the rent deposit, rates and their bank unwilling to assist with some start up funding, the customer found WestWon’s restaurant financing solution online.
The customer was looking to finance the full kitchen solution, including a made to order extraction unit, 2 Rational combi ovens, refrigeration, warewashing equipment and a coffee machine. They were also looking to include soft costs such as delivery and installation into the one lease agreement.
WestWon can finance franchises as well as independent restaurants.
After a 5 minute chat to gain some additional information, a finance quote was in the customer’s inbox within an hour and later that day, the customer had provided the additional information required to send the application off for credit acceptance.
Working alongside a local supplier to the restaurant, the full project was accepted through one funder at competitive rates, making it easy to budget with fixed prices throughout the 3 year term.
A member of the WestWon team met with the customer to sign the documents and the supplier was paid in full 4 weeks later once install was complete. The restaurant opened 2 days later. Now 6 months since opening, the restaurant has achieved fantastic reviews from local newspapers and magazines and is getting busier and busier.