Costa Coffee franchise expands with HSBC UK support

24 June 2022

Sim Trava has utilised a £7.1 million funding package from HSBC UK to add a further 17 sites to its existing portfolio of Costa Coffee franchise stores. HSBC UK funding has enabled the franchise to establish sites across a range of locations, including: four drive-thru branches, three retail parks and ten high street outlets.

As a result of the HSBC UK funded expansion, Sim Trava is supporting 350 existing jobs across the region. The business is anticipating an 80% increase in turnover over the next 12 months.

Simon Vardy, Owner and Managing Director at Sim Trava, said: “Funding from HSBC UK has facilitated immediate growth for the franchise and allows us to focus on providing the best possible experience for our customers, whilst supporting our existing Costa Coffee teams currently in place. This investment will bring a boost for local communities across the North West, we are always looking for new people to join our team and encourage those interested in opportunities to contact us. We look forward to welcoming more visitors to Costa Coffee across our new branches for many years to come.”

Zubayr Atcha, Global Relationship Director at HSBC UK, added: “The 17 new Costa Coffee sites across the North West will enable significant growth at Sim Trava, and also create many new jobs across the region.. Sim Trava is a great example of a business that has successfully navigated the pandemic and has come out of the other side stronger. We look forward to seeing Sim Trava continue to grow and deliver a quality service across its branches.”

Established in 2004, Sim Trava was founded by Simon and Tracy Vardy and now operate 57 branches of Costa Coffee across the North of England. Across these sites, the business employs upwards of 625 people in varying roles.