Case Studies - Armada Asset Finance | Equipment Leasing | Equipment Finance
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Case Studies

Being in the right plaice matters

Being in the right plaice matters

Fish and chip business owners, Jean and Bill, have been friends for many years and recently came to stay for a long weekend.

The Sunday was particularly sunny so we took them to The Hive Beach Café at Burton Bradstock for lunch. As always, the place was packed and the queue was long.

Our friends were blown away by the views of Lyme Bay. The food was superb, as always, 2 x fish and chips, 1 x seabass and 1 x whole crab. “Fabulous darlings”.

For the rest of the weekend they didn’t stop talking about The Hive and wanting to run a similar operation in the South West, letting their son run their existing business.

As I explained, the location is vital to the success of The Hive, together with the huge car park, the quality of the fish and the size of the portions.

Jean and Bill are now looking for the right seafront premises. I suggested they think of old pubs and then change the operation. As I pointed out, the cost of the premises and the building works is down to them. Armada will fund the range and all the equipment and furniture as long as the business plan and projection stack up.

Quality overcomes price sensitivity

Quality overcomes price sensitivity

Once Heston Blumenthal had experimented, developed and perfected the Triple Cooked Chip it was only a matter of time before other chefs and restaurateurs copied.

Derek and Lesley saw an opening in their area for an up-market fish and chip restaurant and takeaway. With an existing ‘run of the mill’ chippy for experience, they checked out Rick Stein’s operation in Padstow and then began looking for premises.

Having an unblemished history with Armada funding their first site, they knew we would finance the ranges and ancillary catering equipment and also the furniture. They were able to concentrate their minds on the building works and the design.

Now they are grilling and frying all the more exotic species of fish and serving the best chips in town. The customers don’t mind having to queue for superb quality.

Funding our multi-cultural businesses

Funding our multi-cultural businesses

Serkan and Melis purchased a fish and chip shop in London from a couple that retired from the business.

After 3 years of working very long days and getting a reputation for large portions and top quality product, Serkan decided to refurbish the dining area and replace the 2 pan fryer with a 3 pan unit.

The pair were really chipper when they were introduced to Armada and found that their Turkish background was not an obstacle.

We funded the range and all the furniture over a 3 year period. They had been offered a 5 year contract, which they considered too long as their cash flow will enable them to clear the debt in 3 years.

Armada always looks for reasons to support NOT excuses not to support.

Support for the UK's Finest

Support for the UK's Finest

The 'Jewel of the Cotswolds', Broadway, is the quintessential English village with the finest hotels and retail, chestnut trees down the main street and all the property constructed with Cotswold stone.

However, until November 2012 Broadway had been without a fish and chips restaurant for 40 years. Thankfully, Andrew & Gaynor Riley of the superb Russells restaurant with rooms have corrected this omission in the stylish way only they know.

As with everything Andrew does he sourced the best quality supplier of catering equipment and the most experienced funding experts to supply asset finance for his frying range and epos system. Andrew appreciated Armada's 40 years of quality service and know-how.

Chipping in with asset finance 

www.russellsfishandchips.co.uk

www.russellsofbroadway.co.uk

 

 

Food for thought

Food for thought

Sammy Ho & Martin Chow already have four standard Chinese restaurants and several letting properties. After significant research and sitting down with their accountant several times they decided to purchase a failed fish and chip shop, refurbish it to a very modern, high standard and have Sammy’s brother run it for them.

Wanting to keep all their cash for future property purchases, their accountant advised them to talk to Armada, knowing that we had been very supportive of the Chinese community for nearly forty years and knew more about the catering industry than any other lender.

Martin & Sammy signed an asset finance agreement for a four-pan range, fryers and a Sammic potato peeler.

Armada - no batter plaice to go

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Copyright Armada Asset Finance 2017. Armada Asset Finance is a trading name of Armada Investments Ltd.

Registered office: Armada House, Oldhams Wharf, Topsham, Devon, EX3 0PB. Registered in England & Wales no. 1140855

Authorised and Regulated by The Financial Conduct Authority

Website by AB

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Copyright Armada Asset Finance 2017. Armada Asset Finance is a trading name of Armada Investments Ltd.

Registered office: Armada House, Oldhams Wharf, Topsham, Devon, EX3 0PB. Registered in England & Wales no. 1140855

Authorised and Regulated by The Financial Conduct Authority

Website by AB