Food wholesaler tucks into growth plans with HQ acquisition
A fast-growing food wholesaler, which is aiming for turnover of more than £5m this year, is set to create more jobs after acquiring new headquarters.
Eurobangla Foods in Bradford was launched in 2007 by brothers Rushan and Ashraf Ali. The family business specialises in the wholesale of South Asian foods and supplies restaurants across West and North Yorkshire.
The funding from Barclays has helped the business to buy its previously rented headquarters on Brearton Street.
Eurobangla Foods employs 20 staff and hopes to take on further staff once the refurbishment on the first floor is complete.
Rushan Ali, managing director, Eurobangla Foods, said: “Starting our own business was a dream come true and it’s been rewarding to see the business grow and our customer base and our geographical reach expand. We have previously rented our business premises but with low interest rates we decided the time is right to invest for the future and expand the business. We’re now looking to develop the first floor of the premises which will double our storage and enable us to increase our product lines. It’s great that Barclays were able to help fund the premises which we will now own, securing the future of the business and taking us to the next phase of our growth plans.”
Nick Aldridge, Barclays relationship director, put together the funding package for the deal and said: “It’s been fantastic to work with Rushan and Ashraf and see this fast growing business flourish over the last few years. Owning their premises provides them with more flexibility and storage space to expand for the future and they provide a world class offering in this specialised trade to the local Bradford and Yorkshire community.”
