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Enterprise

Barclays backs Coffee Masters with £700,000 funding

Retailer and training firm has expanded into new premises

Alan York, founder of Coffee Masters

A hot drink specialist has secured £700,000 in investment to support its expansion into new premises.

Coffee Masters, which supplies restaurants, cafés, hotels and offices throughout the º£½ÇÊÓÆµ with coffee machines and beans and a wide range of other drinks and accompaniments, has moved to Salwarpe Business Park in Droitwich.

The company also runs barista training and has recently diversified into the retail market as demand has soared during the pandemic.

Established in 2014 by Alan York, Coffee Masters now employs ten staff and expects turnover to exceed £2.7 million this year.

He said: "Investing and expanding post-Brexit and during a pandemic has been challenging but we have continued to grow and diversify the business to meet these challenges.

"The retail business now accounts for around 40 per cent of our turnover as we identified the growth potential for direct-to-consumer sales during the pandemic as people worked from home and demand soared for quality coffee and advice.

"We are well positioned within a growing market, with a loyal client base and can use this investment to grow and diversify our business.