The Downoak Pub Bond Two offers an opportunity to lend to a trading company that owns and operates four freehold pub restaurants located in the Home Counties. The Bond, currently live in Downing Crowd, will offer investors a chance to earn up to 5.50% p.a. interest over a period of up to 18 months. At this writing, more than £1,870,710 has been raised.
A little history: Downing Crowd previously partnered with Downoak Limited in June 2016, successfully raising over £2.5 million through the Downoak Pub Bond. This finance allowed the company to undertake significant refurbishment of The Blue Boar in Witney, including the revamping of the restaurant, bar area and bedrooms, as well as to purchase property and gain planning permission for additional trading space at the Akeman in Tring. This further raise will allow Downoak to continue the expansion of the Akeman site, increasing the number of covers and improving back-of-house functionality and refinance some existing debt. Downoak has a continuing partnership with the sites’ manager Oakman Inns and Restaurants Limited.
“Oakman Inns has a proven track record of creating attractive venues that provide great service, high-quality food and beverage offerings and engage with their local and wider communities’ sustainability efforts,” according to the campaign.
Downoak’s combined portfolio achieved a 19%* increase on profits (before interest, tax and depreciation) in the 12 months to 31 March 2017. The anticipated loan-to-value ratio of the Bond is 42%, which is based upon Downing’s internal valuation and is subject to independent valuations currently being prepared by the company.
Other live campaigns on the Downing Crowd’s site include Bagnall Energy Regular Access Bond, which has raised raised over £844K and Pulford Trading Regular Access Bond, which has raised over £549K.
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