Two branded steakhouses in North Yorkshire on the market

Summarised from 2 outlets · Updated 30 Oct, 11:56 · Archive

Two Caramba steakhouses in York and Selby are being sold after their operator went into administration.

Two Caramba steakhouses in York and Selby have been put up for sale following the administration of their operator, AD Restaurants Ltd, on 30 July. The York restaurant closed earlier in the summer and remains closed. The Selby restaurant in Brook Street is understood to continue operating and was transferred to a new company, JA Restaurants.

Both restaurants are listed for leasehold on RightBiz. The York venue, a 100-cover purpose-built restaurant, is listed separately at £94,950. The Selby restaurant with 70 covers is available as part of a group listing at £164,900 combined. The restaurants have a combined annual turnover of £1,040,000. The listing states both restaurants have annual turnovers in excess of £500,000 individually.

Administrators BTG said in August that transferring the Selby restaurant's assets to a new company would 'enable that part of the business to continue trading, saving three jobs'. The sale includes the trademarked brand and all intellectual property, websites, social media and reviews if required. Both restaurants had received high ratings online, with York achieving 4.5 stars on Google and 4.4 on Tripadvisor.

How it is being reported

• Two 'branded' restaurants in North Yorkshire on the marketTwo well-known steak houses in North Yorkshire have gone on the market.The Press (York) · 30 Oct, 11:21
• Two 'branded' restaurants in North Yorkshire on the marketTwo well-known steak houses in North Yorkshire have gone on the market.Gazette & Herald (Malton) · 30 Oct, 11:11

In this story: AD Restaurants Ltd · Caramba · York · Selby · BTG · JA Restaurants · RightBiz

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem · Corrections log