Taking a Restaurant Chain into the UK
A restaurant chain turns to our Real Estate team for help with their first flagship European branch.
We were approached by an international restaurant chain with branches around the world which wanted to enter the UK market. The Firm had identified a potential location within Westfield London, a new premium retail development, and turned to us for assistance. The client wanted to take substantial space to use as their flagship European venue.
Asserson ensured that the pre-let agreement that was required met the client’s needs and provided them with sufficient security that they could plan appropriately. We helped them to ensure that they acquired all the necessary licences to run a restaurant in the UK, checked through the construction warranties so that there were no unpleasant surprises, and went through the lease documentation so that it could provide them with the right terms to underpin this significant business development for them. Amongst other things, it was important to them that they had flexibility since both the location and the market were new to them and they might need to evolve their offering over time.
Our client opened up in one of Europe’s leading shopping destinations and entered the UK market. The terms on which we helped them to take the space are allowing them to negotiate effectively with the landlord as they develop their venue and their business goes from strength to strength.