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Caskade Caterers Secures £30M for UK Taco Bell Rollout
May 9, 2018 · bqlive.co.uk
South England franchise business Caskade Caterers has secured a £29.4 million funding package from HSBC to support its ambitious expansion plans for Taco Bell.
The £13m loan, £10m revolving credit facility, and £6.4m commercial mortgage from HSBC will help with the rollout of new Taco Bell restaurants across London and South West England, the first of which has recently opened in Southampton and Poole.
The next location to open will be London in summer 2018, with plans to open another three to five stores per annum over the next few years.
The move will see Caskade Caterers CEO, Hamid Ali, diversify his existing UK and international enterprises, which currently includes 30 KFC restaurants across Dorset, Sussex and Kent and three hotels in Fiji.
Commenting on his expansion plans, Hamid Ali said: "Continuing to drive expansion is top of our agenda and with HSBC’s support, led by our Relationship Director Pankaj Singh, the new financial year will see us increase our presence in both London and the south of England.
"We’ll be looking to build our portfolio through acquisitions, purchasing new sites and exploring new franchisee options in our target regions."
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