ever wondered what the rent is like for a london restaurant?

2 Jul

london 6.36pm 2015 thursday

i hear often people saying the rents in london are high for businesses, but how high? i saw this article in the evening standard today saying TGI Fridays(the restaurant chain which stands for thank goodness its friday) has taken over from Yate’s the wine bar that used to occupy the ground floor of the capital Fm building next door to the odean cinema in leicester square., the rent is £2million a year. !! even with those rents they can still make a profit… 

added 3.7.15 friday. i was at leicester square just now, and see that the windows are all boarded up. they are changing the insides i guess to make it into a TGI.

there is a pub next door to it, ‘the moon under water’ it is called. so not surprising jakes which they say is a wine bar, not that i can remember seeing it in the past when i was there,  could not compete. there are plenty of drinking places in the square. 

2 Responses to “ever wondered what the rent is like for a london restaurant?”

  1. brushes and papers Friday July 3, 2015 at 7:26 am #

    They must have magic wands somewhere. 😄

    • alifesgayventure Friday July 3, 2015 at 8:23 am #

      haha, they must have magic wands because the prices they charge is very high, but yet customers still go there. either that or in london, if u cater to tourists you cannot lose. location is the only reason why they are so busy, and leicester square is a premier tourist location, and that place next to the odean is top of the tops. and now with two sides of the square completely taken out due to building works, they have even less competition.

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