01 October 2021

Simmons Bars takes on former Silk & Grain site in Cornhill as expansion continues

Simmons Bars has taken on the lease of former award-winning steak and cocktail restaurant Silk & Grain in Cornhill. Nick Campbell, Simmons’ founder and chief executive, said: “We are delighted to take on a new site in such prime location and in time for what we hope is a vibrant and busy Christmas period.”

Established in 2013, Simmons (backed by Lonsdale Capital Partners) currently has a portfolio of 15 venues with sites recently opened in Brick Lane, Old Street and Putney along with new openings planned for Bank and Tottenham Court Road. Earlier this summer, the group expressed its ambitions to expand to 30 sites over the next two years.

Michael Penfold of AG&G acted for Simmons, while Fleurets’ Andy Frisby acted on behalf of the landlord.

AG&G are chartered surveyors specialising in the licensed leisure industry, with the skill and experience needed to value, assess or promote a property not simply as bricks and mortar but as a business. If it involves the price of a licensed premises, its profitability, rental value, investment prospects or value in a dispute, AG&G can help.

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