MKR Property secures hat-trick of sites for Honest

February 1, 2020

MKR Property are delighted to have acted on behalf of Honest Burger in securing the former Ernest Jones in Paternoster Square St Pauls, Simurgh restaurant on Garrick Street Covent Garden and the former Cau restaurant in St Katherine Docks.

Active Partners-backed Honest Burgers is to further strengthen its central London estate after securing a site in St Katharine Docks, Propel has learned. The company, which was founded in 2011 by Tom Barton and Philip Eeles, is to take over the former CAU site at the mixed-use district. The 37-strong company will be on site soon with three new central London restaurants, which will take the business up to the 40-site mark. Alongside the St Katharine Docks opening, it will also open at the former Ernest Jones site in Paternoster Square, St Paul’s, and at the ex-Simurgh restaurant in Garrick Street, Covent Garden. Sales at Honest rose 38% to £31m in the year to the end of January 2019, while pre-tax profits jumped 22% to £873,266. Honest sold a 50% stake to Caravan and Leon investor Active Private Equity in 2015 for £7m.
Propel Info, February 2020