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Welsh coffee franchise brews 4,000 new jobs with HSBC UK funding

The Magic Bean Co. operates 24 Starbuck sites, with plans to expand to 200

An award-winning Swansea franchise business has announced plans to create 4,000 new jobs as it embarks on growth plans thanks to a £10million support package from HSBC UK.

The Magic Bean Co., which was established in 2014, has unveiled ambitious expansion plans to expand its 24 Starbucks sites to 200 in the next five years. The plans could see the creation of over 4,000 new jobs as multiple new Starbucks drive-thru stores open throughout the UK.

The business, which reported a £17m turnover in 2021, intends to launch nine new Starbucks sites this year, with locations to be announced. The organisation, which also owns franchised sites for Denny’s, currently employs 370 staff and works closely with Starbucks to identify opportunities for growth in new locations.

Leon Esfahani, CEO of The Magic Bean Co, said: “As more and more companies enter the drive-thru market, we are marking an exciting new chapter with this funding, which will allow us to accelerate our rate of growth.

“Daniel Rees, our relationship director at HSBC UK, has been instrumental in helping us secure the funding required to deliver on immediate and longer-term growth plans – meaning we can continue to provide an exceptional service in our communities and, most importantly, give back.”

Warren Lewis, Head of Corporate Banking Wales for HSBC UK, added: “We’re delighted to support the company’s ambitious plans to deliver exceptional growth and create new local jobs over the next five years. The demand for drive-thru and grab-and-go services continues to grow across the country and the well-managed Magic Bean team are poised to take advantage.”

With a passion for giving back to the local communities it serves, The Magic Bean Co. has raised over £55,000 for various charities and has collected over 9,000 Christmas presents for children’s charities.