The outlet is the latest project for entrepreneurs Tej and Gurinder Randeva, who launched their first Domino's franchise in Pontyclun just eight months ago. The couple have been able to realise their ambitious growth plans with an undisclosed funding package from NatWest, and its asset finance arm Lombard. A team of local people have already been appointed, including trainee managers and pizza makers.
Welsh rugby internationals Matthew Rees and Morgan Stoddart were joined by Tonypandy's own reality TV star Sophie Evans for the opening on 20th April.
The couple are well versed in how to start up a business. After starting his working life as a motor insurance broker, by 2004 Tej had moved into the broker market. He went on to establish vehicle hire agencies Limo Broker, Coach Broker and Cars for Stars, as well as the Domino's outlet in Pontyclun.
NatWest put together a mix of funding for the deal. The couple are among the first in Wales to benefit from NatWest's £100m franchise fund, launched in February to kick start economic growth and create jobs. The fund makes loans available to the sector at discounted rates.
Domino's, which has run as a franchise business for more than 25 years, has continued to expand despite challenging economic conditions. In 2010 alone, the franchise business created 1,700 jobs as its sales increased by 19% to £485m. The Tonypandy restaurant is Domino's 27th outlet in Wales, and it has over 650 restaurants across the UK.
Franchisee Tej Randeva said: "After the terrific response to our Domino's outlet in Pontyclun, we decided very quickly that we should look at sites for a second outlet. The fact that even before opening we managed to get over 1,300 fans on our Facebook page suggests to me that Tonypandy was definitely the right location. NatWest's franchise fund has enabled us to grow very quickly and create local jobs in the process."
NatWest senior relationship manager Andrew Parker said: "This is a great illustration of how our new franchise fund can help generate economic growth. Tej and Gurinder are creating jobs in parts of south Wales which really need them. I'm sure with their knowledge of franchising, and of the pizza business, the Tonypandy restaurant will do very well."