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08 July 2020 | Retail

Retail Market Update July 2020

How will the crisis impact the convenience retail sector? What is the current demand from buyers?

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Even pre COVID-19, it was far too often that we spoke with sellers after the collapse of a poorly negotiated private deal, where the buyers offer contained unrealistic conditions or unfavourable terms, such as delayed payments. Once the seller spoke to one of our experienced negotiators they were assured that they could go to the market and secure the best possible price, from the best possible buyer.

Convenience retail sales have increased by an average of 40% year on year due to customers shopping locally. In some cases, convenience stores have enjoyed better availability than supermarkets.

There is a clear pattern emerging from new buyers/applicants. The graph below demonstrates the level of new registrations on our website at the time lockdown began 23/03, through to w/c 29/06. The uptick in new users further suggests an increase in activity and buyers actively starting to look for a business.
 

 




Deals done, deals agreed and active buyer requirements
Ensure you receive regulated, honest advice
Engaging a professional agent when selling your business has never been more important

    Steve Rodell MRICS

    Managing Director Retail

    T: 020 7227 0759
    E: steve.rodell@christie.com
 


Christie Finance

In the current climate more so than ever before, knowing the right people at the right lender is absolutely crucial.

Christie Finance specialise in the convenience retail sector and therefore, have relationships with appropriate contacts at many lenders across the UK, providing local expertise with a national reach.

In order to protect the future of your business, you may need quick access to finance. We have an Unsecured Finance division at Christie Finance who may be able to assist in securing the funds you need in the short term.

Our unsecured loans are quick to arrange and can help with:
▪ Cash flow
▪ One-off purchases/additional or replacement equipment
▪ Stock loans
▪ Funding of tax and VAT liabilities (reimbursement of liabilities already paid to alleviate cash
flow pressures)

Stuart Pawelczyk
Director - Purchase & refinance
T: 07714 138 984
E: stuart.pawelczyk@christiefinance.com

Shaun Watts
Head of Unsecured (UK wide)
T: 07526 175 855
E: shaun.watts@christiefinance.com