A Swansea-based coffee franchise business plan to create more than 4,000 new jobs as part of a major expansion following a new 拢10m funding package from HSBC.
The Magic Bean Co, which was established in 2014, plans to increase its currently 24 Starbucks franchise operated sites to 200 over the next five years.
The major expansion could see the creation of over 4,000 new jobs as multiple new Starbucks drive-thru stores open throughout the 海角视频.
The business, which reported a 拢17m turnover in 2021, intends to launch nine new Starbucks sites this year, with locations to be announced.
The business, which also owns franchised sites for Denny鈥檚, currently employs 370 staff and works closely with Starbucks to identify opportunities for growth in new locations.
Leon Esfahani, chief executive of The Magic Bean Co, said: 鈥淎s more and more companies enter the drive-thru market, we are marking an exciting new chapter with this funding, which will allow us to accelerate our rate of growth.
鈥淒aniel Rees, our relationship director at HSBC 海角视频, has been instrumental in helping us secure the funding required to deliver on immediate and longer-term growth plans 鈥 meaning we can continue to provide an exceptional service in our communities and, most importantly, give back.鈥
Warren Lewis, head of corporate Banking Wales for HSBC 海角视频, added: 鈥淲e鈥檙e delighted to support the company鈥檚 ambitious plans to deliver exceptional growth and create new local jobs over the next five years. The demand for drive-thru and grab-and-go services continues to grow across the country and the well-managed Magic Bean team are poised to take advantage.鈥
The Magic Bean Co has raised over 拢55,000 for various charities and has collected over 9,000 Christmas presents for children鈥檚 charities.
