MISSISSAUGA, May 1, 2018 – CWB Franchise Finance (CWB), a division of CWB Financial Group, has provided a term loan, mortgage and development line facility to Leopold’s Tavern Group of Companies (Leopold’s Tavern). Opening soon in Manitoba, the growing Canadian restaurant and pub brand currently operates across Saskatchewan and Alberta. The funds will be used to assist with development of new locations as well as renovations and updates of existing units, as required.
“After recently reaching a point of rapid expansion, the team at Leopold’s Tavern came to us for structured restaurant-specific financing after a referral from CWB’s Regina Branch where they’ve been a client for four years,” explained Dimitri Mazur, account manager at CWB Franchise Finance’s restaurant division. “This is an excellent example of how CWB leverages the expertise across our teams to help our clients grow their businesses. We’ve been able to provide a Development Line that Leopold’s Tavern can draw down on for multiple projects over a two-year period, with approval and document completed upfront, while the local branch in Regina can continue to serve their day-to-day business banking needs.”
“Leopold’s Tavern is expanding, in both new and existing markets,” noted Matt Pinch, the company’s president and chief financial officer. “This Development Line creates a trajectory for the various projects we have on the radar. CWB’s deep understanding of the restaurant industry and, more specifically, our model and growth needs, translates into both products and processes that make sense for us. Their team’s friendly, collaborative approach has been refreshing and we look forward to many more years of partnership.”
About Leopold’s Tavern — Leopold’s Tavern is privately-owned, Regina-based company offering a “juke box dive bar atmosphere” at all their locations. Leopold’s Tavern opened their first unit in Regina, Saskatchewan, and hasn’t looked back. In October 2017, Leopold’s Tavern opened their 6th location, their first in Alberta. They are scheduled to open their 7th and 1st location in Manitoba in 2018, with more openings planned for the balance of 2018 and onwards. They pride themselves on offering a place you can call your own: your local haunt, your clubhouse, a place to celebrate, your second home, your getaway, a part of your community, or even your place of work. Listen to the jukebox, enjoy the tasty homemade comfort food, and try the local/domestic craft beers. Visit them online at www.leopoldstavern.com.