Davis Coffer Lyons, in conjunction with its sister company, Coffer Corporate Leisure, offers unique advice on property investment transactions in the leisure and hospitality sectors.
• Restaurants recovering slower than pubs
• London suffering more than rest of Britain
• Delivery’s share of sales up
Sales across the market saw an improvement on previous weeks although they remain significantly below pre-COVID norms
Managed pub, bar and restaurant operators are still trading well below pre-COVID norms, but are seeing a steady improvement in sales as more sites reopen across the country.
Way back at the beginning of lockdown I wrote my last opinion piece. It seems like an age ago. The concept of social distancing hadn’t been invented and now seems to be something we are going to have to get used to for many months and maybe years as progress on a vaccine appears much […]
Managed pub, bar and restaurant groups with businesses open in England have reported improving sales in the second week after shut-down was lifted as more sites also reopened, according to latest Coffer Peach Business Tracker data.
Managed pub, bar and restaurant groups that had sites open in England in the first week after shut-down was lifted have reported collective like-for-like sales 39.8% down on the same week last year, according to latest Coffer Peach Business Tracker data.
Managed pub, bar and restaurant companies that opened sites in England last weekend have reported like-for-like trading 44.5% down on the corresponding weekend last year, according to latest Coffer Peach Business Tracker data.
Way back at the beginning of lockdown I wrote my last opinion piece. It seems like an age ago. The concept of social distancing hadn’t been invented and now seems to be something we are going to have to get used to for many months and maybe years as progress on a vaccine appears much […]
To paraphrase Mr Spock of Star Trek when he landed on a strange planet, “there’s life, but not as we know it”. Undoubtedly, that phrase will ring true in the post-Covid-19 world.
It was a great pleasure to host DCL’s inaugral virtual conference on 29 April, attended by over 500 senior figures across the F&B sector.
The opportunities that will spring from the current crisis are manifold. Of course, no one of knows how this will play out as yet – some of the old ways will endure whilst others will not. Much will depend on the length of the crisis. I would like to share a few early thoughts. This is an excellent opportunity for some much-needed […]
Virtual conference on the future of property in the food and beverage market on April 29.
Coffer Corporate Leisure have advised Food & Fuel on the sale of their entire share capital of the business to Brunning & Price, part of The Restaurant Group plc. Karen Jones, Executive Chairman of Food & Fuel, said “We have owned and operated our pubs for over twelve years and we love them as we […]
Coffer Corporate Leisure has advised an overseas client on the acquisition of 153 Upper Street, London N1 – a long-let public house investment.
Coffer Corporate Leisure has completed the investment sale of the Drive-Thru Portfolio, a unique portfolio of five prime ‘drive thru’ investments.
We can’t wait to welcome @masterbaouk to @westfieldstratfordcity next month!
They’re bringing their full menu of bao, bowls, dumplings and Taiwanese-inspired street food favourites to a new part of London plus a new and exclusive hot chicken bao. The new site will have its own identity, building on everything they’ve learnt over the years, as well as a noodle room so they can make their signature fat and chewy udon noodles fresh, every single day.
@DCL have been instructed by Landlord, @thackeraygroup, to market 118 Deansgate in Manchester on a new lease. Situated adjacent to the landmark Kendals building, which is due to be refurbished and when completed will provide approx. 500,000 sq ft of Grade A office space together with approx. 40,000 sq ft of retail & leisure space, Deansgate benefits from a high footfall 7 days a week and is a popular pitch for F&B, leisure and retail.
The unit provides 3,145 sq ft on Ground Floor only with an extraction route available. All uses will be considered.
Please contact Louie Gazdar for more information:
Lgazdar@dcl.co.uk
07908 119 441
Today on #internationalwomensday, as every day, we celebrate our valued team and the contributions they make to promote inclusion and empowerment in their daily lives, from supporting female-founded businesses, to raising funds for women’s mental and physical health and coaching rugby to women and girls. #InspireInclusion
We are delighted to be working with John Lewis on the appointment of a new hospitality partner to operate the rooftop of its flagship Oxford Street store.
The rooftop garden was created in 2014 as part of the 150th anniversary celebrations for John Lewis, and most recently played host to Willows on the Roof’s Winter Terrace.
A suitably fitting operator is sought to deliver a compelling restaurant, bar and garden for the space, which has panoramic views across central London’s skyline.
For further info contact Kate Taylor or Tony Levine
On behalf of luxury residence operator Grand Residence Club by Marriott, we are delighted to have been tasked with sourcing a new tenant for the Mayfair restaurant premises formerly home to Le Gavroche. The fine dining restaurant – a London institution - completed its final service in January, ending a 55 year tenure. A fitting operator is sought for the 4,000 sq ft venue in Upper Brook Street, which sits below GRC’s luxury residences.
Contact Tracey Mills or Tony Levine for further information.
Coming soon to Covent Garden… London’s first Mexican “churreria”. @aguamiel.ldn - a flagship dessert bar majoring on churros doughnuts - launches this month at 24 Wellington Street; a thriving Theatreland destination close to Covent Garden Piazza.
Churros, made fresh in-house, will be served with a choice of sugar or real cinnamon and sugar, along with one of three dips (dulce de leche, condensed milk or chocolate), partnered with quality coffee and specialist Mexican hot and cold drinks, including aguas fresca, horchata and spiced hot chocolate.
@dcl_leisure acted on behalf of Shaftesbury Capital to let the 800 sq ft unit.
Set to open in March 2024, chicken lovers favourite, Wingstop, is adding to its growing empire with a dine-in location at former the Bodeans site, 169 Clapham High Street.
@wingstopuk first opened its doors in Texas in 1994. Their outstanding food and superior customer service created a demand that could only be satisfied by more locations. In 1997 they began offering franchises and today they are one of the fastest-growing concepts in North America.
Now, with 26 restaurants and 13 "delivery only" dark kitchens in the UK and over 1,500 restaurants globally; US, Mexico, Colombia, Panama, Singapore, Indonesia, Malaysia, France and the UAE, Wingstop has a huge following.
Paul Tallentyre represented @bodeansbbq for the sale of the lease at a premium.
#wingstopuk
#chickenwings
NEW PROPERTY ALERT
See our latest public house instructions.:
1 Royal Vauxhall Tavern, Vauxhall
2 Putney Pies, Putney
3 Loose Box, Westminster
4 Ferndale Road, Brixton
5 The Feathers, Chalfont St Giles
See link in bio for more...
@westfieldstratfordcity has welcomed Asian bakery @ongongbuns run by husband and wife Icy and Aaron Mo.
Pop down to the Great Eastern Market at Westfield Stratford City to grab one of their Chinese pork, chicken curry, Korean Garlic Bread and Spicy Vegan salty ong buns buns or treat yourself to some sweet pandan and coconut cake.
The Great Eastern Market is home to a host of specialist and independent food outlets including Karaway Bakery, Ergon Greek deli, Pasta Remoli, Rasa Malaysia and Japan Centre, as well as microbrewery Tap East. Contact us for pop up and longer term opportunities
Season’s Eatings Day #15: Brutto
We end the year, and our Season’s Eating’s series, with a tribute and a toast to Russell Norman; one of hospitality’s finest and a truly inspirational figure whose loss is keenly felt.
Russell’s impact on London’s dining scene in London was immense. From the launch of Polpo in 2009 to his most recent project @bru.tto, both he and his restaurants were defined by creativity and flair, attention to detail and genuine warmth and hospitality. Whilst rapturously received and commercially successful, they were underpinned by a sincere and scholarly passion for the source of their inspiration, as was evident in Russell’s award-winning books “POLPO: a Venetian cookbook (of sorts)”, “Spuntino – Comfort Food (New York Style)”, “Venice – Four Seasons of Home Cooking” and “BRUTTO: A Simple Florentine Cookbook”.
We had the privilege of working with Russell and his business partner Richard Beatty on projects from the first Polpo on Beak Street, to Polpetto, Spuntino, Mishkin’s, Ape & Bird and Brutto - the Clerkenwell restaurant that is Russell’s take on a Florentine bistro. The lively neighbourhood trattoria proved an instant hit; a winning combination of simplicity, authenticity and conviviality, with a sprinkling of Russell’s fairy dust. Long may it live on.
#seasonseatings #nicelist #DCL_adventcalendar
Season’s Eatings Day #14: Arlington
News began to emerge earlier in the year that hospitality legend @jeremyrbking would make a very welcome return to the capital’s dining scene with not one, but three major projects.
The first to open in early 2024 will be a reinvention of Le Caprice - the restaurant where Jeremy began his career with business partner Chris Corbin - which will open under the new name of Arlington.
Though originally opened in 1947, Le Caprice took on a new lease of life when it was taken over by King and Corbin in 1981, becoming one of London’s most in-demand dining rooms with a stellar clientele, tended to by “maître d’ without equal” Jesus Adorno, with whom King is re-uniting for the project. Adaptions of old favourites from the menu for 21st century tastes are planned for @arlingtonlondon, by former Le Caprice head chef Will Halsall and team.
The launch will be followed in the spring by the opening of @theparklondon in the new Park Modern building opposite Kensington Palace Gardens, to be followed by a reinvention of institution Simpsons in the Strand.
DCL acted for Jeremy King Restaurants on the off-market acquisition of Le Caprice, as well as brokering the Park Modern and Simpsons in the Strand deals.
#seasonseatings #nicelist #dcl_adventcalendar
Season’s Eatings Day #13: Bunsik, Westfield Stratford City
@westfieldstratfordcity has today welcomed popular Korean street food brand @bunsik_london.
The fast-growing brand’s fifth site is located within the busy lower ground floor food court. Alongside its epic corn dogs, kimbap, ddukbokki and Korean fried chicken, in a first for the group, a range of vegetarian options are on offer, including the debut of its first veggie burger.
The launch marks a milestone in the growth of the ambitious brand, which launched in 2021 on Charing Cross Road.
DCL advises URW on F&B and leisure at Westfield Stratford City and Westfield London.
#seasonseatings #nicelist #dcl_adventcalendar
Season’s Eatings Day #12: Sune, Broadway Market
Despite only opening in November, this newcomer to Broadway Market from hospitality power couple Honey Spencer and Charlie Sims has already been voted one of the Top 10 openings of 2023 by readers of @hotdinners.
@restosune – which takes its name from the Nordic name for son, as well as the name of sommelier Spencer’s wine mentor Sune Rosforth in Copenhagen – is a neighbourhood restaurant with a seasonal menu that champions British produce, served alongside the best seasonal natural wines.
The pair have an outstanding pedigree, with decades of experience between them gained across the globe, including Sims’ role as restaurant manager of Noma.
DCL worked on behalf of the exiting tenant and the landlord in order to negotiate a new lease.
#seasonseatings #nicelist #dcl_adventcalendar
Season’s Eatings Day #11: Farm Shop, Mayfair
Just in time for festive food shopping, independently hospitality business Artfarm has opened Farm Shop on South Audley Street, across the road from sister operations The Audley Pub and Mount Street Restaurant.
Featuring the same award-winning products as Somerset’s @farmshopuk at the 1,000 acre Durslade Farm in Bruton, the new opening also houses a separate butchery room selling high-welfare meat, including beef and lamb from the farm. Star turns include wine created from grapes grown on the estate; honey from its hives and cider from the orchard, as well as products from emerging and established artisans in the South West. Refuel on Christmas shopping trips with cheese toasties and hearty hot beef sandwiches, generously filled with the farm’s own meat, or high-quality coffee from roastery Mozzo.
A 40-cover eatery and wine cellar will open on the lower ground floor in the new year.
DCL acted for landlord Grosvenor on the letting.
#seasonseatings #nicelist #dcl_adventcalendar
