De Villiers Commercial has today announced the acquisition of the first shopping centre site on behalf of burger and peri peri restaurant chain Frankster’s, as part of a national rollout which is being spearheaded by De Villiers.
The new site, a 155-seat restaurant in Leeds’ White Rose Shopping Centre, was an off-market opportunity sourced by De Villiers and is the third acquisition for Frankster’s in the past 9 months, following new restaurant openings in Blackburn and Bradford. As part of its national expansion, Frankster’s plans to open five new restaurants by 2020, creating more than 120 jobs.
Frankster’s was founded in 2016 with a 100% Halal menu that includes burgers, peri peri chicken, shakes and breakfast. Today, the restaurant chain serves over 20,000 meals per week across five locations.
Irfaan Patel, CEO and founder of Frankster’s, commented: “It’s been a busy 18 months for Frankster’s and De Villiers have been a key part of our success in helping us secure and negotiate the right type of retail and restaurant units for our expanding brand. Location is clearly very important to us and De Villiers have recognised this from the outset. We are excited about the future as we continue to roll out across the country.”
Tom Warren, Associate Director at De Villiers, commented: “The success of Frankster’s business model in an overall weakening restaurant market is creating opportunities for us to find great locations and negotiate favourable terms. We are delighted to help Frankster’s realise their growth ambitions as we continue to support them in rolling out new restaurants nationwide.”
For more information about this case and how De Villiers can help with new acquisitions please contact Tom Warren