Tragus to sell off 12 high street restaurants

Twelve high street restaurants have been put up for sale by restaurant company Tragus, after it was decided that they were surplus to the company's business plan.

The twelve restaurants comprise branches under the company's well-known brands including, Strada, Bella Italia, Café Rouge and Ortega. The sale is being handled by property agency Fleurets.

A spokesman for Fleurets said that they had been given the instruction to sell the sites after it was determined that the outlet no longer form part of Tragus's core development plan and are considered no longer suitable for their respective brands.

"Their disposal is part of a longer term growth strategy," the spokesman said.

The branches are being marketed for sale individually or as a group of purchases. It is understood that they include a number of Café Rouge branches in London, as well as Strada restaurants in Brighton, Guilford, Nottingham and Hampstead in London.

The decision to sell has come barely months after the launch of a fast-casual version of Café Rouge at London's Euston train station, focusing on the quick service of hot and cold baguettes, soups and salads. At the launch of the Euston branch, chief executive, Graham Turner, said that the smaller concept was a "logical step" for that particular brand.

See our restaurants for sale section.