Sale pub to become convenience store

Barclays has provided a £600,000 loan to support the development of a new convenience store for the Sale-based retailer Patidar.

The funding has enabled Patidar to purchase the former Lively Lobster pub in Manor Avenue.

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.

"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."

Patidar owns a group of convenience stores in the Sale area trading under the Nisa franchise.

Philippa Brown, Barclays relationship director, said: "This is a very successful business on a long growth journey, which we wish to support with every opportunity along the way. 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."

Your Comments

Subscribe to our newsletter