Patidar opens new Nisa store
Barclays has provided a £600,000 term loan to support the development of a new convenience store for the Sale-based retailer, Patidar Ltd.
Patidar is a group of convenience stores operating in the Sale area under the Nisa franchise.
The funding has enabled Patidar to purchase a run-down public house and develop it into a brand new, standalone convenience store.
Hemant Patel, Managing Director of Patidar Ltd 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.”
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.”
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