New dessert house for Lincoln
UK Desserts is set to expand its Kaspa’s dessert house franchise using £700,000 of funding from HSBC, to help open a further four sites over the next 12 months which should create 100 new jobs.
UK Desserts opened its first Kaspa’s in Braintree last December and is now using HSBC’s funding to fit-out and purchase new equipment for four new stores, the first of which has just opened in Lincoln. This adds to UK Desserts’ own funding for each new store, with the company planning to open 20 sites by the end of 2020.
Deepak Patel, managing director at UK Desserts said: “In partnership with HSBC, we’re in a strong position to build a network of Kaspa’s franchises. Our Braintree store has been really well-received by the locals and we’re looking forward to bringing at least five more Kaspa’s stores to the country by the end of 2018.”
David Skipp, area director for business banking in Cambridgeshire, Essex and Suffolk said: “Deepak has a proven track record, successfully managing and growing a number of franchises in the past, and the dessert-only restaurant market continues to grow.
“We look forward to supporting the team as they roll out further Kaspa’s stores in major towns and cities across the South and the Midlands.”