Ambitious plans by an independent brunch and coffee brand to open up to 30 more sites over the next five years have been given a timely funding boost.
Since opening its first branch in Uttoxeter, Staffordshire, BEAR鈥檚 growth strategy has seen the company expand quickly with additional branches in Derby, London and Stone.
Recently, the company opened a second branch in Derby, in the Intu Derby shopping centre, serving customers with speciality coffee, brunch, cocktails and craft beer from morning until evening.
Now, to help with its future plans, the firm has secured an increased funding facility from HSBC 海角视频.
BEAR intends to use the new funding to free up the cash-flow required to fulfil its expansion plans, design and fit-out stores and invest in staff training and marketing.
Craig Bunting, who co-founded the business with Michael Thorley, said: 鈥淥ur aim is to quickly become a cornerstone business on the high street and wholly integrate ourselves into the communities surrounding our stores.
鈥淭he site at Intu Derby is our first within a purpose-built retail destination. It鈥檚 a big move for us which will help us to tap into the high footfall at the centre, share our BEAR vision with more people and give us the potential to explore international opportunities.
鈥淲e鈥檝e worked with HSBC 海角视频 since we opened our first business bank account in 2015.
More Derbyshire retail stories
鈥淥ur relationship manager Daniel Williams has made the whole process really smooth and we鈥檙e delighted the bank has continued its support of the business.鈥
Mark Lupton, HSBC 海角视频鈥檚 area director for business banking in the Midlands, said: 鈥淏EAR has become an established name in the Midlands and the new site in a key retail destination represents a significant step forward for the business.
鈥淪upporting entrepreneurs and helping to foster start-ups is a key priority for HSBC 海角视频, which is why we鈥檙e looking forward to continuing to support Craig, Michael, Chris and the team at BEAR with their ambitious plans to open additional outlets and also to grow BEAR in to a global challenger brand.鈥
