Independent coffee house creator Aasia Baig has opened a third coffee house near Foregate Street, Worcester thanks to Central Business Finance, a Midlands-based, independent FCA approved finance broker, which secured a half a million pound funding package to financially support the entrepreneur’s growing coffee empire with a commercial mortgage, development loan and additional finance to purchase the freehold to a once dilapidated grade 2, Georgian building – now the home of Centenary Lounge.
Centenary Lounge is Aasia’s third, and largest, coffee house venture – the others are at Birmingham’s Snow Hill Station and Moor Street Station.
Aasia said: “Opening our third railway coffee house in Worcester has been a real delight. Reforming the building to a by-gone era, resplendent of the 1930’s Art Deco era has been a challenging yet enjoyable experience and thankfully the challenging part was mainly managed by Central Finance.
“Developing an eatery, the largest in our portfolio across two floors and designing an experience is what I pride myself to be good at, and what I enjoy. Understanding business finance and accessing the right finding package was crucial to getting the space and to fund its redevelopment.
Chris Brown, Director, Central Business Finance, added: “Supporting the growth of independent coffee houses across the Midlands and seeing Centenary Lounge come alive from concept to completion is certainly worth investing in. Witnessing the transformation of the forgotten Georgian building to a respectful refurbishment that even the Great Gatsby would be proud of has been a true delight – not to mention the creation of 11 new jobs for the area!”
Chris Brown and Sam Sturdy from Central Business Finance worked on the project.
Central Business Finance, has supported over 500 businesses in 2019 with commercial finance and has raised more than £10 million in grant funding, helping to drive growth for its clients.