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CWB Franchise Finance Partners with Flock Rotisserie + Greens

June 27, 2019, 07:00 AM
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CWB Franchise Finance, a division of CWB Financial Group, has provided a development line facility to Flock Rotisserie + Greens. Flock is a growing Toronto-based Fast Casual brand with a focus on salads and rotisserie chicken.

“At CWB we love to see regional brands grow and succeed," said Jacob Mancini, Assistant Vice President, Restaurants & Breweries with CWB Franchise Finance. "We're proud of our ability to identify these brands in the early stages of their lifecycle, and provide financial products to help them recapitalize and take the next step in their growth. Flock's success really highlights the emergence of homegrown, Fast Casual brands, and we are pleased to be able to help them take the next step with their brand." 

CWB provided a full refinance of Flock's existing bank debt, leases and shareholder loans, as well as a development facility for future growth.

"Flock is a company that values trying new things and incorporating a passion for healthy, fresh food," said Mustafa Yusuf, President and co-founder of Flock Rotisserie + Greens. "As our brand expands, we needed a bank that understood who we are and what we want to accomplish. CWB took the time to do just that. They helped merge our vision for the future into reality. Their knowledge in the restaurant sector made us confident in taking the next steps in our business."

CWB Franchise Finance specializes in financing for regional and national restaurants and hotels and is a leading lender to the Canadian restaurant and hospitality industries. Previously GE Capital Canada's franchise financing arm, CWB Franchise Finance was acquired by CWB Financial Group in 2016 following a successful track record of more than 800 clients with upwards of 1,525 property locations over 14 years.

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