Coffee Masters UK Ltd expands into new premises, with £700,000 Barclays investment
Coffee Masters the home of all things coffee, tea and speciality drinks has expanded into new premises at Salwarpe Business Park, Droitwich, after a £700,000 investment supported by Barclays.
Established in 2014 by Alan York the business now employs 10 staff and expects turnover to exceed £2.7 million this year. Supplying restaurants, coffee shops, cafes, hotels, bars and offices throughout the UK with commercial coffee machines, coffee beans, and a wide range of other drinks and accompaniments, they also specialise in barista training and have recently diversified into the retail market as demand has soared during the pandemic.
Alan York, owner of Coffee Masters said: “Investing and expanding post-Brexit and during a pandemic has been challenging but we have continued to grow and diversify the business to meet these challenges. The retail business now accounts for around 40% of our turnover as we identified the growth potential for direct-to-consumer sales during the pandemic, as people worked from home and demand soared for quality coffee and advice.
"We now offer a subscription service with no tie-ins which has proved very successful and have also launched two new brands: “The Tea Masters” range of teas and ‘’The Indulgence Collection’’ range of Hot Chocolate, Frappe and Premium Shake mixes, as we hope to replicate our success within the coffee industry.”
Tom Moulsdale, Barclays Business Manager, said: “As champions of local business, it is essential that we support local growing businesses such as Coffee Masters UK Ltd. Alan is a great example of an entrepreneur using their industry experience, passion and skills to develop a successful business. By really understanding the sector, we have been able to create a bespoke funding package to support the business throughout its expansion.”
Alan continues: “We are well positioned within a growing market, with a loyal client base and can use this investment supported by Barclays to grow and diversify our business. Running a business is tough but the rewards far outweigh the downsides even after working long hours.
"The new investment has already created 3 new jobs and we still have another couple of vacancies in our warehouse. The additional space has also allowed us to deliver on-site barista training at our New, ‘’Midlands School of Coffee’’ training centre.
