Dessert shops create 20 Manchester jobs with £580k funding
Dessert company Creams Café has created jobs in the North West with a six-figure investment.
The London-based gelato and dessert café brand sold a franchise to Manchester business SB Group, which opened a 1,550 sq ft Creams Café in the Piccadilly Gardens area earlier this year and a 3,000 sq ft site more recently in Cheetham Hill.
The two stores, launched with a £580k commercial loan from HSBC, together created 20 new jobs.
SB Group is expecting its investment to deliver a first-year turnover of £1.5m.
Store manager Poz Bal said: “The franchise offers the ability to create our own stamp on the North and we see great potential for further expansion across the North West with the help of this funding.”
HSBC’s Greater Manchester area director, Sam Roden, commented: “The Creams Café franchise is a great example of a business taking advantage of a growing trend.
“SB Group saw the opportunity for a fantastic investment and took it and we are delighted to be able to support them on this exciting venture.”
HSBC commercial relationship manager Darren Martin, based at the bank’s commercial centre in Spinningfields, completed the deal.
The funding package was secured through HSBC’s new £10bn SME fund.
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Are you ready for salary transparency?
Confidence the key to our artificial intelligence future
The missing piece of the puzzle in the NEET crisis
The North East investment story needs two engines
We must forge change to close the skills gap
Creating the conditions for North East talent to thrive
Time to end London monopoly on arts talent
Why local government is key to devolution success
Your reputation is worth more than that invoice
There is no perfect time when selling a business
What next when social media career help goes?
The psychological contract that nobody signs