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The Magic Bean Co Creating 4,000 New Jobs Across The UK

19 Jun 2022

The Magic Bean Co Creating 4,000 New Jobs Across The UK

The Magic Bean Co is creating 4,000 new full and part time jobs across the United Kingdom.

The Swansea-based coffee specialist is expanding its portfolio of drive-thru Starbucks franchises over the next five years in a move that will create thousands of vacancies in most parts of the UK.

The Magic Bean Co currently only operates 24 Starbucks drive-thru franchises but is aiming to expand to 200 before the end of 2027.

Each new franchise will create an average of over 20 vacancies and the expansion plans have been facilitated by a £10 million funding facility from the HSBC UK bank.

At the moment The Magic Bean Co only employs around 370 members of staff so the expansion and recruitment drive will see the firm increase its headcount tenfold in the next five years.

Announcing the expansion plans across the UK, The Magic Bean Co’s Chief Executive Officer, Leon Esfahani, said: “As more and more companies enter the drive-thru market, we are marking an exciting new chapter with this funding, which will allow us to accelerate our rate of growth.

“Daniel Rees, our relationship director at HSBC UK, has been instrumental in helping us secure the funding required to deliver on immediate and longer-term growth plans, meaning we can continue to provide an exceptional service in our communities and, most importantly, give back,” added the CEO.

HSBC UK’s Head of Corporate Banking Wales, Warren Lewis, also commented, saying: “We’re delighted to support the company’s ambitious plans to deliver exceptional growth and create new local jobs over the next five years. The demand for drive-thru and grab-and-go services continues to grow across the country and the well-managed Magic Bean team are poised to take advantage.”

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