Lemon Pepper Holdings, the UK master franchisee of US chicken wing fast food chain, Wingstop has secured a multi-million-pound debt facility from Barclays.
Since it lauunched here in 2018, eleven Wingstop outlets and nine delivery-only sites have been opened,- the latest being in Bromley, and the new funding will help faciliate the continued roll out of the brand.
There are already places earmarked for the next Wingstop venues including: Brighton, Trafford Centre in Manchester, Nottingham, and Wood Green. Also, Bristol and Leeds are set for new delivery-only sites.
Paddy Bamford, chief financial officer of Wingstop UK, commented, 'It's great to partner with a bank who were able to offer us a bespoke financing solution and could see the potential for the brand in the UK market.'
Chris Francis, relationship director at Barclays Corporate Bank, stated, “We are pleased to be able to support Lemon Pepper Holdings with the provision of a new loan facility, and look forward to seeing the continued growth of its business across the UK.”