Restaurants for Sale

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Type “restaurants for sale” in Google, Yahoo or any of the other search engines and you will find a growing number of familair high street cafes and restaurants on the market along with other commercial properites such as Hotels.

Restaurants for sale
WFiL FEBRUARY 2021 BLOG Restaurants for sale

Covid-19 and many other factors have devastated the high street with cafes and restaurants taking the brunt of this storm.

So what are the reasons behind these closures? Well explore the list below for some insights.

What does London Eater say?

These London Restaurants Have All Closed During the Coronavirus Crisis. The places permanently closed during the COVID-19 pandemic. Below are some of the “Reasons behind its permanent closure,”

It is not known whether its closure is a result of the Coronavirus pandemic, but the restaurant was well-established, popular, and thriving at the end of last year.

Covid-19, increased rents and a lack of sympathy from agents and landlords have all come together and forced the issue

Failed to reach a debt restructuring deal with its bank and was placed into administration

The entire venue will close as a result of COVID-19

 The “effects of the last few months have been immensely devastating.”

Global pandemic has proven a bit too much for our small shop.

Covid-19, increased rents and a lack of sympathy from agents and landlords have all come together and forced the issue

It is not known whether its closure is a result of the Coronavirus pandemic, but the restaurant was well-established, popular, and thriving at the end of last year.

Restaurants for sale
Restaurants for sale

A New High Street

The pandemic offers us an opportunity to shine a light on the less visible reaches of the restaurant ecosystem. There are the landlords, whose rents are so extortionate that many restaurants in city centres struggle to break even

But the industry is on the precipice of oblivion: most restaurants in the UK are closed, and those that have switched to takeaway and delivery know it’s merely a sticking plaster. In London, the country’s food metropolis, the shutters are down from Soho to the Old Kent Road.

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