Daka Daka, a Georgian restaurant, partnered with Moorgate Finance to fund a full restaurant and kitchen fit out for their new site, with the aim of opening up quickly while maintaining high standards and protecting cash flow.
The Highlights
✅ Deal approved within 24 hours, keeping the project moving
✅ No deposit required, preserving cash flow at a key stage
✅ Staged payments ensured installation met expected standards
✅ Beat an existing broker quote, delivering greater value
The Challenge
Launching a new restaurant involves significant upfront costs, particularly when a full kitchen and interior fit out is required. Daka Daka needed a funding solution that could support the entire project without putting pressure on early-stage finances. Adding to this, the director and founder was based in Georgia, which can often present challenges for lenders in terms of accessibility and perceived risk. Despite a strong track record of successfully operating multiple restaurants locations across Europe, securing funding can still be more complex when key decision makers are overseas. The client had also received a quote from a another broker, so any solution needed to be not only quick to deliver but also more competitive and flexible.
The Solution
Moorgate Finance structured a tailored 48-month agreement with no deposit required, allowing Daka Daka Daka to preserve vital working capital during a stage of critical business. To ensure the fit out was completed to the highest standard, payments to the supplier were arranged on a staged basis, aligning funding with installation progress and providing reassurance throughout the process. The deal was approved within 24 hours, keeping momentum behind the project and avoiding unnecessary delays. In addition, we were able to beat the quote provided by another broker, delivering a more cost-effective solution. As a result, Daka Daka was able to complete the fit out and successfully open their new restaurant, turning their plans into a fully operational business.
Need funding solutions like these for your business? Give us a call on 01908 92 62 62 or head to www.moorgatefinance.com/apply-now to start the conversation.
