View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
  2. Company News
May 8, 2018

Franchise company Caskade Caterers secures £30m funding for Taco Bell openings

Operating restaurant franchises across the world, UK business Caskcade Caterers has secured £29.4 million funding to support its “ambitious” expansion plans.

By Katie Imms

Operating restaurant franchises across the world, UK business Caskcade Caterers has secured £29.4 million funding to support its “ambitious” expansion plans.

Free Report
img

What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

The HSBC package comprises a £13m loan, £10m revolving credit facility and £6.4m commercial mortgage, and will help rollout new Taco Bell restaurants across London and South West England.

With the next set to open in London this summer, Caskcade Caterers plans to open three to five Taco Bell stores per annum, over the next few years.

Hamid Ali, Caskcade Caterers chief executive, said: “Continuing to drive expansion is top of (Caskcade Caterers’s) agenda and with HSBC’s support, led by our relationship director Pankaj Singh, the new financial year will see us increase our presence in both London and the south of England.

“We’ll be looking to build our portfolio through acquisitions, purchasing new sites and exploring new franchisee options in our target regions.”

The move will see the company build on its existing portfolio of UK and international enterprises, including 30 KFC restaurants across the UK and three hotels in Fiji.

Victoria Ritchie, area director for HSBC London City Corporate Banking, added: “We have forged a good relationship with Hamid, supporting his company’s growth over the last few years with impressive results.

“His new, fast-paced expansion plans for the UK show great ambition, with multiple sites planned in the next twelve months. We can’t wait to see what’s next for this exciting business.”

Free Report
img

What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Verdict Food Service