Husband and wife buy The Cinnamon Square freehold after six-figure funding deal with bank
Published: 00:00, 30 November 2016
Updated: 10:43, 30 November 2016
A husband and wife team have bought the freehold of their restaurant after gaining a six-figure funding deal with the bank.
Habib and Waheda Siddiq now own the site where they run the award-winning Cinnamon Square restaurant in Hildenborough, which opened five years ago.
It was named the best Indian restaurant in the South East at the Bangladesh Caterers Association 2016 award ceremony on Sunday, held at the Park Plaza in Westminster.
The dining destination, which employs 20 people, is capable of serving 160 people a night.
The funding agreement was made with Royal Bank of Scotland.
It is a positive bit of news for the Government-owned lender, after the Bank of England announced today it had failed its stress tests and struggle in the event of a future financial crisis.
Mr Siddiq said: “We have leased our premises for nearly five years and felt now was the right time to buy them out right.
“We are pleased with our decision and cannot thank Royal Bank of Scotland for their support throughout the funding process.
Sukh Majhail, senior relationship manager at Royal Bank of Scotland, said: “We are excited to support Habib and Waheda and assist them with their future of this award-winning restaurant.
“We have no doubt our investment will allow this young and ambitious couple to continue further success.”
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Chris Price