JJE Enterprises, a franchise business that currently operates three Domino’s stores in West Wales, is set to open its fourth store in Cross Hands, Carmarthenshire.
The new store comes after the franchise firm was able to secure a finance facility from HSBC.
The new store is expected to create around 40 new jobs for the local economy, adding to the 40 jobs already created this year by franchise owner, Jonathan Evans, with his third Domino’s opening.
The funding from HSBC, which is made up of an enterprise finance guarantee (EFG) loan and asset finance facility, has been used to secure a 20-year lease on the premises at Parc Maes Yr Eithan Retail Park as well as to fit-out the store.
Jonathan Evans, director and co-owner of JJE Enterprises, said: “We’ve banked with HSBC for the last five years and in that time the team has supported us with the three most recent Domino’s openings.
“The bank has shown considerable franchise experience and the team, led by Andrew Drummond, has always been on hand to explain the often complicated franchising process.
“We are on course to open two new stores next year with support from the bank and are already discussing additional funding options in line with our ambitious growth plans.”
Alan Thomas, area director for HSBC in South Wales, commented: “Our confidence in Jonathan, his team and the franchise model means we have been able to put a funding package in place to secure, refurbish and fit-out the new store in Cross Hands.
“Like HSBC, JJE Enterprises has significant franchise experience and its ambitious growth plans are
JJE Enterprises was established in 2010 by Jonathan Evans and his son, Josh Evans.
Together they have opened outlets in Gorseinon, Carmarthen and Ammanford, with the fourth due to open in Cross Hands in November 2017.
HSBC provides commercial banking for small to medium businesses as well as corporate and institutional banking services. HSBC Bank plc is a wholly owned subsidiary of HSBC Holdings
In total, the Group serves customers worldwide from around 3,900 offices in 67 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa.
With assets of US$2,492bn at 30 June 2017, HSBC is one of the world’s largest banking and financial services organisations.
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