SFP PROPERTY FACILITATE SALE OF LONDON RESTAURANT CHAIN

Overview –

The SFP Group had taken on a complicated bankruptcy appointment over a chain of Italian restaurants and required assistance from SFP Property. Although there were various complicating factors, it was determined that it was economic for the business to continue to trade. However, this required agreement from the landlords, and as there was significant rent arrears and conflicts across the portfolio, this may have been an issue.
 

The Role of SFP Property –

SFP Property conducted inspections of the sites, audits of the leases and arrears positions and assessed the relative merits of each parties bargaining position. It then conducted extensive negotiations with the landlords, which enabled the time to trade the business and conduct a sale process in an orderly fashion.
 

Outcome –

This ultimately resulted in a sale of the business, with an excellent recovery for creditors, both secured and unsecured.