Loading
Caterer & Hotelkeeper Magazine

Tags:

Administrators sell six ex-Med Kitchen and Café outlets

Kerstin  Kühn
Monday 06 April 2009 08:00
The Med Kitchen in Peel Street

Six former Med Kitchen and Café outlets in London have been sold following the collapse of previous owner Winepage, which was forced to call in the administrators last year.

The restaurants in Notting Hill, Chiswick, Islington, Clerkenwell, Covent Garden and St John’s Wood were sold for an average premium of £250,000, with the latter four bought back by the group’s former managers Rupert Hill and Ray Defazio.

The remaining two outlets were acquired by independent operators.

Richard Negus, director at property agent Fleurets which brokered the deals, said the properties were sold despite a difficult market, in which buyers remain reluctant to pay premiums to administrators.

“The quality of locations and properties stimulated sufficient interest to ensure that premiums were achieved for all of the restaurants,” he said.


Near bankruptcy a ‘steep learning curve’ for Paul Rankin >>

Six former Real Hotel Group hotels up for sale >>

Café Med plans 17 new Med Kitchens  >>


By Kerstin Kühn


E-mail your comments to Kerstin Kühn here.


Caterersearch.com jobs

Looking for a new job? Find your next restaurant job here with Caterersearch.com jobs

 


 

Blogs on Caterersearch.com
Catch up with more news and gossip on all Caterer's blogs
Newsletters
For the latest hospitality news, sign up for our e-mail newsletters.

Recommended articles

Articles from the web

 
blog comments powered by Disqus
Profiting from 2012: Case Studies

Slash VAT, Boost business - Sign the petition now!

Latest Video

housekeeping

Video: highlighting housekeepers

In this week’s issue, guest edited by Raymond Blanc, we explore the important roles of housekeepers.

Watch here

The Caterer and Hotelkeeper discussion forum

  • Dingley Dell Flying Visits @ The Victoria Dingley Dell Flying Visits @ The Victoria
  • Dingley Dell Flying Visits @ The Victoria Dingley Dell Flying Visits @ The Victoria
  • Dingley Dell Flying Visits @ The Victoria: Mark Hayward Dingley Dell Flying Visits @ The Victoria: Mark Hayward
  • Dingley Dell Flying Visits @ The Victoria Dingley Dell Flying Visits @ The Victoria
  • Dingley Dell Flying Visits @ The Victoria Dingley Dell Flying Visits @ The Victoria
  • Dingley Dell Flying Visits @ The Victoria Dingley Dell Flying Visits @ The Victoria

Best of chef

Best of Chef – now available online

Best of Chef – now available online
View it now

Videos

Marcello Tully, Kinloch Lodge Video: Michelin-starred chefs turn out in force for Wellocks' chef conference Video: Highlights from Hotelympia 2012 Video: Foraging – why all the attention?
Marcello Tully
Masterclass
Watch the video here
Wellocks'
chef conference
Watch the video here
Highlights from
Hotelympia 2012
Watch the video here
Foraging:
why all the attention?
Watch the video here