Scotland-Headquartered German Doner Kebab Opens Doors Across The UK With £900,000 HSBC Uk Support
December 16, 2019 // Franchising.com // German Doner Kebab (GDK), part of the Hero Brands fast-casual restaurant portfolio, has continued to expand across the UK and internationally with support from HSBC UK.
The bank provides the Scotland-based brand owner with specialised support from HSBC UK’s Franchise Team, full transactional banking and foreign exchange solutions for its international growth expansion plans.
In addition, GDK franchises across the UK have been provided with a combined £900,000 funding from HSBC UK to enable British franchisees to open doors in response to domestic demand, supplying 200 new jobs.
Imran Sayeed, CEO, GDK said:
“We’re seeing incredible demand for our gourmet kebabs and have identified a strong growth pipeline with established franchise entrepreneurs to respond to the increasing demand, supplying new jobs to communities. HSBC UK bought into our business plan and the specialist advice we receive from the bank’s Franchise Team and its global network, as well as the international banking support, has been instrumental to helping our business expand.”
Andrew Brattesani, Head of Franchise, HSBC UK said:
“The UK franchising sector is continuing to grow and German Doner Kebab is a fantastic example of a British business thriving in the domestic sector and abroad. The business has ambitious plans and we’re pleased to support as it achieves rapid, sustainable growth within the UK and internationally.”
Earlier this year, German Doner Kebab announced that it is now serving up £1 million of kebabs in its restaurants every week across the UK. The fast-growing brand now has 38 restaurants throughout the country and has a pipeline of 350 sold units over the next seven years.
The franchise business employs 500 individuals within the UK and also operates stores in Sweden, Dubai, Abu-Dhabi, Oman and Bahrain, with plans in place for expansion into Saudi Arabia, Canada and the United States.
The finance was allocated from HSBC UK’s national SME Fund, which aims to actively help UK businesses realise their ambitions for growth and navigate Brexit. The new £14 billion SME Fund has recently been announced by HSBC UK.
HSBC UK serves around 14.5 million customers across the UK, supported by 32,000 colleagues. HSBC UK offers a complete range of retail banking and wealth management to personal and private banking customers, as well as commercial banking for small to medium businesses and large corporates.
HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. HSBC serves customers worldwide from offices in 65 countries and territories in our geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,728bn at 30 September 2019, HSBC is one of the world’s largest banking and financial services organisations.
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SOURCE German Doner Kebab