Joup Group secures HSBC funding for expansive Pret a Manger venture
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Glasgow-based Joup Group has received a funding package worth seven-figures from HSBC UK, facilitating its acquisition of three existing stores and the launch of a further six Pret a Manger franchise locations across Scotland.
Joup Group – which already owns six Dominos franchises across Dundee and Angus – will use the funding to open the Pret a Manger sites, with the biggest store spanning over 4,000 square foot of space.
The six new stores are expected to open between June and September 2024, and are expected to create over 150 jobs – with roles including full-time supervisors to part-time baristas.
The funding, and consequent new store openings is set to increase Joup Group’s turnover by 100%.
Henry Dawes, CEO of Joup Group, said: “We are really excited to continue to grow our business by becoming the Pret a Manger franchisee in Scotland.
“We would not have been able to make this happen if it was not for the consistent support from HSBC UK.”
Kevin McKenna, relationship director at HSBC UK, said: “We are pleased to have supported Joup Group’s ambitions for 14 years now.
“This funding package is particularly satisfying given the creation of more than 150 jobs, which will provide an economic boost to communities across Scotland. We look forward to seeing the Joup team continue to grow and bring more stores to communities across Scotland.”
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