O2 S&M Café acquired by TRG
12 October 2010
Acting on behalf of Smash Foods Ltd, Christie + Co has sold the
leasehold interest of the S&M Café within the O2 in
Greenwich for an undisclosed sum, with national operator The
Restaurant Group (TRG) , which operates the Frankie &
Benny’s, Garfunkel’s and Chiquito brands, taking on the
Occupying a corner site on the ground floor of a purpose built
unit within the main dome structure, the S&M unit currently
comprises a 200-cover restaurant and external seating on two sides
overlooking a central plaza for up to 80 people.
Founded in 2002, S&M Café, the sausage and mash
casual dining group, operated restaurants in Islington, Leadenhall
Market, Portobello Road, Smithfield, Spitalfields, and within the
O2 in Greenwich.
The leasehold interest of the S&M Café site in
Leadenhall Market was sold to Tortilla, the Mexican fast-casual
dining chain, in August.
Christie + Co, which was instructed to market the S&M
Café business in May this year, has deals agreed with a
number of parties regarding the sale of the four remaining sites
that made the S&M chain.
Simon Chaplin, Director at Christie + Co, said: “The sale
of the O2 site and the S&M unit in Leadenhall Market to
Tortilla demonstrates that there continues to be a clear
willingness to buy realistically-priced, well-presented businesses
in good trading locations. The S&M package and the non-core
assets we have been marketing on behalf of Paramount Restaurants
have both generated significant levels of interest from established
and up-and-coming operators who are again actively pursuing
opportunities across the sector.”
For further information on this press release, please contact: Mark
Wingett at Christie + Co. Tel: 020 7227 0794. firstname.lastname@example.org