Franchisees have been provided with a combined £900,000 funding, while GDK also receives full transactional banking and foreign exchange solutions from its banking partner
German Doner Kebab, part of the Hero Brands fast-casual restaurant portfolio, has continued to expand across the UK and internationally with support from HSBC UK.
The company’s franchisees have been provided with a combined £900,000 funding, while GDK also receives full transactional banking and foreign exchange solutions from its banking partner.
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Imran Sayeed, CEO of GDK, says: “We’re seeing incredible demand for our gourmet kebabs and have identified a strong growth pipeline with established franchise entrepreneurs to respond to the increasing demand.
“HSBC UK bought into our business plan and the specialist advice we receive from the bank’s franchise team and its global network, as well as the international banking support, has been instrumental to helping our business expand.”
The finance was allocated from HSBC UK’s £14 billion SME Fund, which aims to help UK businesses with their growth plans and navigate Brexit.
Andrew Brattesani, head of franchise at HSBC UK, says: “The UK franchising sector is continuing to grow and German Doner Kebab is a fantastic example of a British business thriving in the domestic sector and abroad.
“The business has ambitious plans and we’re pleased to support it as it achieves rapid, sustainable growth within the UK and internationally.”
GDK has 38 UK restaurants and a pipeline of 350 sold units over the next seven years. The UK business employs 500 people.
Earlier this year, the company announced it’s now serving up £1 million of kebabs in its UK restaurants every week.
GDK also operates stores in Sweden, Dubai, Abu Dhabi, Oman and Bahrain. It has plans to open restaurants in Saudi Arabia, Canada and the United States.