American-inspired restaurant chain TGI Fridays will be coming to Lincoln before Christmas and will be based in the former Carluccio’s building.
The restaurant will serve beer, cocktails and a varied menu of American-style dishes, and is set to open towards the end of this year after the former occupants, Carluccio’s, fell into administration in March.
Banks Long and Co announced that the two negotiated and closed the deal during lockdown.
With operating restaurants all over the UK, TGI Fridays had been looking for a suitable venue to take on in Lincoln for some time.
TGI Fridays will also be taking over another former Carluccio’s site in Cobham, Surrey.
Back in July, CEO of TGI Fridays said: CEO Robert Cook said: “We’ve taken the opportunity to take on two new restaurants through the ugly world of administration and we’re really excited to bring Lincoln and Cobham into the stable and make them great Fridays restaurants.”
The former Italian cafe-deli and restaurant chain, was sold to the Boparan Restaurant Group earlier this year, however did not buy out the Lincoln site, leaving Banks Long and Co with a chance make the new deal.
Tim Bradford, Managing Director of Banks Long & Co, said: “The Carluccio’s in Lincoln was not one of the restaurants bought out of administration by Boparan, better known for its Giraffe and Ed’s Easy Diner brands, so we had to move quickly to secure a new deal with TGI Fridays.
“This deal demonstrates that, with the right constructive approach adopted by both Landlord and Tenant, deals can be structured to suit both parties – a message which at Banks Long & Co we are keen to promote to allow our High Streets to rebuild after the acceleration of the structural change in our city centre trading environments.”