Following the news that The Restaurant Group's fourth quarter like-for-likes were down 5.9%, driven by 'underperformance by its leisure brands', the firm has instructed Savills to put 23 of its former restaurants on the market.
The site are available on an individual basis and comprise a mix of former Frankie & Benny’s, Chiquito, Joe’s Kitchen (pictured), Coast to Coast, Garfunkel’s and Filling Station restaurants in high profile locations, including major retail and leisure parks, shopping centres and roadsides.
David Bell, head of UK leisure at Savills, said, “We are pleased to be marketing this high profile portfolio on behalf of The Restaurant Group. Due to the mix of locations and diverse nature of the restaurants involved, we are anticipating strong interest from a wide variety of existing retail and leisure operators as well as new entrants.”
Savills has also been retained to acquire new sites for The Restaurant Group across the Midlands, East Anglia, the south of England and Wales.
The Restaurant Group also reported that it total turnover increased by 3.7% versus the prior year, to £710.7m, with 53 week like-for-like sales down 3.9% to 1 January 2027.