Loading
Caterer & Hotelkeeper Magazine

Tags:

Your Shout: Julian Mitchell, Christie & Co

Wednesday 28 July 2004 16:46
Ever-increasing rents on the high street are helping to drive smaller restaurant operators away from the edge of the main retail thoroughfares and into the leafy suburbs.
 
And as they are pushed further out of town centres, the big-name chains are now fighting them for sites in tertiary locations.

Some of the really prime sites in big cities such as London, Manchester and Birmingham, which once might have gone to fast-food operators, are reverting to multiple clothing retailers who are willing to pay the premiums such properties now attract.

A typical example is a 4,000sq ft unit on the high street in one of west London's more upmarket "villages", currently in the hands of a big fast-food chain, where the annual rent looks about to rise almost 50% to £140,000. Today, only the large high-street multiples and the like are willing to pay such sums.

About the only operators who seem able to stay in and around the edges of the prime central areas are the big coffee-shop chains.

The good news for smaller restaurant operators is that by moving from the edge of the prime retail zone into tertiary sites they are getting closer to their customers. They - and their customers - also avoid any involvement with the late-night high-street scene, where fear, at least, of binge-drinking crowds of young people is keeping older customers away from town centres.

As they move into the fringes, some restaurant operators, such as Loch Fyne and Blubeckers, are looking for the same kind of straightforward pub-to-restaurant conversions that, in the 1990s, companies such as McDonald's went in for.

The bad news is that, as rents rise, they are now being followed into the fringe sites by the "corporates", fast-casual dining chains of the likes of Ask, Strada and Nando's, which are competing with them for premises.

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