Buyer Saught for Mezze Restaurant and Pub Group
March 11, 2016
Mezze Restaurants owner, Alex Tryfonos, has instructed leisure property advisers Davis Coffer Lyons to seek a potential buyer for its five sites in and around Bristol.
The West Country operator is looking to sell the five-strong group if the right suitor could not be found to roll-out the concept, either as a portfolio sale or as individual units.
Paul Tallentyre, Executive Director, Pubs and Bars at Davis Coffer Lyons, said, Mezze has a strong turnover in excess of £3 million and is a concept that has become a favourite on the Bristol casual dining scene. Since opening its first site in 2009, it has sparked solid interest from some of the industrys finest operators. Whilst the owners remains committed to expanding the brand throughout the south west and beyond, selling the group is a very realistic option if the right suitor for a Mezze roll-out cannot be found soon.
Mezzes portfolio consists of five-long term leases in the Bristol area its flagship White Lion in Portishead, the Warwick Arms in Clutton, the Ship & Castle in Congresbury, the Green Dragon in Downend, and the Royal George in Thornbury.