Starbucks franchisee secures expansion funds

Owner of the UK’s first Starbucks franchise Anil Patil has raised £10m to open 16 new sites.The funds have been secured from Royal Bank of Scotland and private equity firm Connection Capital.Patil, who previously ran and then sold an 18-site Domino’s Pizza franchise, plans to open 100 sites in the next five years.As quoted in The Daily Telegraph, Patil said: “As the franchise market continues to grow across the UK, we will be able to capitalise on latent demand in under-served areas of the country and help boost Starbucks’ UK market share.” read more

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