“We have built a great relationship with Barclays over the years, and their understanding of the business and determination to support us with this transaction demonstrates the faith they have in our business model. We look forward to working with Barclays in the future as a trusted, strategic banking partner.”
Sale-based Nisa retailer, Patidar, is converting a run-down public house into a standalone convenience store.
Funding to support the development has been provided by Barclays with a £600,000 term loan.
Patidar is a group of convenience stores operating in the Sale area under the Nisa franchise.
Hemant Patel, managing director of Patidar, said: “This was a fantastic opportunity to purchase a run-down site in order to develop a high quality convenience store for the local community. The store is in an ideal location and will support the business on its successful growth journey whilst maintaining the highest level of service for our customers.
Barclays Relationship Director Philippa Brown said: “This is a very successful business on a long growth journey. The newly acquired building in Sale is ideally located to benefit the local community and should hopefully be the catalyst for the business to re-develop their existing portfolio of stores in line with the new blue print they have created.”