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Liverpool gets a TGI Friday's in record-breaking deal

Seven-figure Pesto buy-out 'highest ever for a restaurant site outside London'

Written by . Published on February 6th 2014.


Liverpool gets a TGI Friday's in record-breaking deal
 

TGI Friday’s is to open in Liverpool - in a deal thought to be the highest anyone has ever paid for a restaurant site outside of London. 

The popular American-themed bar and restaurant will join the 13 other “brands” on Liverpool ONE’s Leisure Terrace this spring in the 5,785 sq ft unit.

So keen was the 60-branch chain to open in Liverpool, a city seemingly off its radar for many years, that it made an unsolicited offer to another chain, Pesto, which had a 25 year lease on the site. This was an undisclosed seven-figure, record breaking sum (rumoured to be around £1.3m) which Pesto couldn't refuse. 

It's more evidence that Liverpool is flavour of the month as far as big-hitter corporate catering goes. The popular burgers n fajitas franchise is the sixth food and drinks operator to sign at Liverpool ONE within the last 10 months, joining Byron, Browns, Hotel Chocolat Cocoa Bar Cafe, Home and Ed’s Easy Diner.

Pesto Liverpool OneNow Pesto off

Jeremy Collins, director of Jenics, who advised Pesto on the sale, told the Business Desk: "The offer was so substantial that it was difficult to reject and the proceeds will enable Pesto to reinvest in the roll out of its Pesto in the Pub’ concept, which is going from strength to strength across the North West and Midlands.” 

Located close to the Odeon cinema, TGI Friday’s will feature retro interior, booth seating, widescreen TVs and surfboard tables. 

Donna Howitt, Marketing and Business Performance Director at Liverpool ONE said: “Trends are also showing that more and more people are choosing Liverpool ONE as their destination for dinner out with their friends and family so we are thrilled to welcome this great new addition.” 

Read AA Grill's review here.

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13 comments so far, continue the conversation, write a comment.

Discerning DinerFebruary 7th 2014.

"...booth seating, widescreen TVs and surfboard tables." Well that's me out then.

AnonymousFebruary 7th 2014.

Can I get a side of fries and slaw with my bullshit please?

Lynne DeeganFebruary 7th 2014.

Sad to see another Pesto restaurant gone. The Pesto on Deansgate in Manchester closed a few months before Christmas and is now a burger place!

1 Response: Reply To This...
AnonymousFebruary 10th 2014.

yes because its was rubbish and knowone went anymore. Its now a byron so a step in the right direction.

AnonymousFebruary 7th 2014.

Why is it sad? The owners raked in a good wedge and someone else gets the space

AnonymousFebruary 9th 2014.

This site's users have got to be amongst the most pessimistic on the Internet! Good news, look forward to trying it out

4 Responses: Reply To This...
AnonymousFebruary 9th 2014.

Good observation, this lot generally despise investment and progress, and want everything to stay in a state of postwar decrepitude. Tragic really

Rigsby's catFebruary 10th 2014.

You're hardly a barrel of laughs, are you (2nd) anonymous?

Discerning DinerFebruary 10th 2014.

Hardly! It's just that all the new "restaurants" we get are full of gimmickry and tat with waiters who are either surly or cocky and familiar. The arrival of yet another American-themed fast food trough is hardly something to celebrate. Fat children will enjoy it I suppose.

Silver ServiceFebruary 18th 2014.

Those fat, scruffy, shaven-headed knuckleheads who eat with their fists because they can't handle cutlery like their wives/girlfriends can will probably like it too.

RamseyFebruary 11th 2014.

Well, not all. For instance, try Da Gurkha in South Road in Waterloo - I know it's not central Liverpool, but certainly worth the trip.

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