Edinburgh’s leading independent convenience retailer is set to expand thanks to £725,000 funding from HSBC UK.
Margiotta is set to open up a new store in the city’s Shandon area on Harrison Gardens after using the funding to purchase and fit out the 2,000 sq ft premises, which was previously owned by an architecture firm.
The store will be the family-run business’ second outlet in the Shandon area of Edinburgh. The new space will be used to host food and drink from local suppliers, such as Fortitude Coffee and Heather Hills Honey, as well as a wide range of homeware products. The existing store will remain as a newsagent confectioner with the addition of homemade gelato, paninis and artisan coffee for sit in or take away.
The new premises is almost double the size of its current store in the area and will enable Margiotta to significantly increase its offering of locally sourced produce, as well as kitchenware items.
The new store is due to open in summer this year and is expected to create 16 – 20 new jobs.
Franco Margiotta, Founder and Managing Director of Margiotta, said: “Both we and our customers value local produce from quality suppliers, so we’re looking forward to being able to expand our product range with our increased footprint.
“HSBC UK’s support has helped us to grasp the opportunity to buy this new space, and explore a new venture as we bring to life our first café-style venture at our older store.”
Ash McBrearty, Corporate Relationship Director at HSBC UK, said: “It’s fantastic to see an independent business born and bred in Edinburgh grow and thrive. We’ve enjoyed working with the Margiotta family to help them expand their retail portfolio and diversify their offering.”
Margiotta currently works with over 45 local suppliers.
The store was established in the early 1970s by Franco Margiotta and his brother. Together they opened their first shop in Marchmont selling food and wine. The family business has gradually expanded over the years and Margiotta has 10 shops across Edinburgh and East Lothian, with its 11th store soon to open on Harrison Gardens.
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