Essex-based Zing Leisure is one of Burger Kingâ€™s largest UK franchisees, operating 21 restaurants across the south east of England, Cornwall and the Midlands including Burger Kingâ€™s flagship store in Londonâ€™s Leicester Square. The company currently employs more than 400 people and has an annual turnover of Â£19m.
Django Fung, managing director of Zing Leisure, says the support from Clydesdale Bank will provide the company with a more flexible capital structure, including banking facilities worth almost Â£3m, which will allow the company to develop further as it capitalises on Burger Kingâ€™s strategy of increasing the number of franchised outlets in the UK.
All of Zing Leisureâ€™s 21 stores have either been completely refurbished or are earmarked for refurbishment in the near future. This includes their restaurant in Stratford, close to the Olympic Park, which underwent a full refurbishment and enjoyed a 70% increase in turnover in July compared to the same month last year. The refurbishment was financed as part of the move to Clydesdale Bank.