The FINANCIAL -- London-based steak and burger group Black and Blue Restaurants
has announced the sale of two of its high-street sites and the
acquisition of a new location.
The restaurant group has sold two of its smaller, high-street outlets at Gloucester Road and King’s Road and has acquired a new site opposite Waterloo station in a move signalling a change of direction for the company focused on larger, more centrally-located sites.
The group has taken on the former Arch One site in London’s Waterloo.
Commenting on the purchase and sales of the sites, director Nick Hill said: "The sale of our Gloucester Road and King’s Road sites signals a step change in our growth strategy, which has developed on the back of the incredible success of our larger, more centrally-located outlets and this is where we see the company heading."
As Caterer and Hotelkeeper said, both the Gloucester Road and King’s Road sites will cease trading this wekend, while Black and Blue Waterloo will open in mid-February.
Black and Blue opened its first branch in Notting Hill Gate almost 14 years ago. Since then, directors Hill and Alan Bacon have opened sites across London, including Wigmore Street, Mortimer Street, Southbank and Borough Market.