September 15, 2015
Sourdough pizza chain Franco Manca is continuing its expansion across London and has taken over a restaurant in Stoke Newington, previously occupied by Stokey Stop.
Stokey Stop, advised by City fringe specialist Paul Belchak & Co, has sold its 22 year unexpired lease which has a passing rent of £40,000 a year for a substantial undisclosed premium. The 176 Stoke Newington High Street restaurant comprises a 2,500 sq ft restaurant over ground and lower floors.
Franco Manca was founded by Giuseppe Mascoli and started in Brixton Market in 2008. The restaurant now has over 15 outlets in the capital and was recently purchased by Fulham Shore plc.
Shelly Sandzer advised Franco Manca.