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The Restaurant Group Puts 22 More Sites up for Sale

The Restaurant Group (TRG), which operates casual dining brands including Wagamama, Frankie & Benny’s and Coast to Coast, has put 22 more sites up for sale.

The majority of the restaurants, being marketed by property agency Savills, are understood to be under the Frankie & Benny’s brand and all will continue to trade until they are sold.

They join another 22 restaurants that have already closed and are on the market, making a total of 44 TRG sites currently up for sale.

It is not known where the latest 22 restaurants now for sale are located but TRG has already indicated in its financial results for the year to December 2018 that a total of 76 of its Frankie & Benny’s restaurants were in “structurally unattractive” locations.

TRG had around 650 restaurants and pubs as of the end of last year, and in 2018 it acquired brands including Wagamama for £559m (€626m) and gastropub group Food & Fuel for £15.4m (€17.8m).

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