An oversupply of casual dining outlets?

Published on: 5th July 2018

The UK casual dining market is undergoing a real period of transformation with operators facing difficult times due to cost pressures and consumers spending less and less on eating out. Mark Convery, retail agent in our Newcastle team commented on current trends in the casual dining sector and what impact it's having in the North East, in particular on Newcastle's burger restaurants.

Recent surveys have shown that a quarter of consumers will spend less on eating and drinking out in 2018, which will only apply further pressure on the heavily congested casual dining sector.

The transformation of Newcastle’s food and drink market has been gaining pace for some time, but perhaps the most notable change in recent years has been the number of casual dining venues that have opened in the city centre. At Eldon Square and Newgate Street in particular we have seen Tapas Revolution, Red’s True Barbecue, The Alchemist and Turtle Bay all open within the recent past.

Whilst on the face of it, this is brilliant news for the consumer there has also been a negative effect on the independent operator as chain operators move in and increase the competition for the pound in the public’s pocket. Some would argue that these chain brands are no competition for the quality and uniqueness of the independent operators, but it must be remembered there is only a finite market for outlets such as these.

Burger Wars
In particular, over the past couple of years, the North East’s insatiable appetite for gourmet burger chains has grown significantly with Byron, Five Guys and Smashburger all opening within walking distance of each other.

The growth of the popularity of such burger chains is a reflection of a change in consumer perceptions. It largely echoes consumers desire for high quality, fresh food in a more informal setting, whilst satisfying the ongoing demand for fast service – sounds easy right?

Both nationally and locally we have seen a number of burger chains experiencing trading difficulties. Most notably Handmade Burger Company was placed into administration last year and ceased trading and Byron Burger entered a rescue deal that could see up to a third of their UK stores closing their doors (including their MetroCentre outlet). The burger operators are not the only ones experiencing the pressures and there are already a number of units that have opened relatively recently being marketed for assignment, the failure of Handmade Burger Co and the restructuring of Byron however shows a clear example of the pressures and with the recent announcement that Jamie’s Italian are looking at a restructure, it does make us wonder whether there will be more casualties in the casual dining sector over the next few months?

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North East leisure industry - A Year of Alternatives

2018 is set to be an exciting year for the North East leisure industry: not only in terms of the huge programme of events scheduled to take place within the region but also because of the development of exciting leisure offerings in Newcastle City Centre. Our North East property experts have once again teamed up with Sintons Law to help create the annual leisure supplement published in the Journal. 

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Leisure Supplement 2018 page 001

2018 is set to be an exciting year for the North East leisure industry: not only in terms of the huge programme of events scheduled to take place within the region but also because of the development of exciting leisure offerings in Newcastle City Centre.

Our North East property experts have once again teamed up with Sintons Law to help create the annual leisure supplement published in the Journal

[fulltext] =>

To view the full supplement please click here.

Contact Us

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Hitting the right note - the importance of independent music venues to North East music

Following previous success’s, this year marked the fifth year of Independent Venue Week, a nationwide celebration of small music venues around the UK.  Over 170 venues participated in the event that aims to recognise the people that run independent venues across the UK, their contribution to music and encourage gig goers to get out there and support local venues. Across the North East there has always been a strong independent scene, from established venues such as The Cluny, The Riverside and Think Tank, to new and emerging venues such as The Boilershop and Wylam Brewery’s Palace of the Arts in Exhibition Park.

Read More....

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Following previous success’s, this year marked the fifth year of Independent Venue Week, a nationwide celebration of small music venues around the UK. 

Over 170 venues participated in the event that aims to recognise the people that run independent venues across the UK, their contribution to music and encourage gig goers to get out there and support local venues.

Across the North East there has always been a strong independent scene, from established venues such as The Cluny, The Riverside and Think Tank, to new and emerging venues such as The Boilershop and Wylam Brewery’s Palace of the Arts in Exhibition Park.

[fulltext] =>

Historically the region has produced a range of musical talent, including The Animals, Mark Knopfler, Sting and the wealth of folk artists such as The Unthanks, but more recently we have seen newer acts from the North East performing on the national, and even global stage.

One of the first acts to reach national recognition was Maximo Park. Formed in Newcastle in 2000 Maximo Park shot to fame when their debut album, A Certain Trigger, was nominated for a Mercury Prize. Similarly, Field Music are another Mercury Prize nominated rock band from Sunderland who alongside Maximo Park, and DJ Patrick Topping have really helped put the North-East music scene on the map, as well as paving the way for emerging artists such as Sam Fender, The Old Pink House and This Little Bird.

There has always been a collective attitude between popular bands from the North East, with numerous bands sharing members over the years including Field Music, The Futureheads and Frankie & The Heartstrings.

The similarities don’t stop there, as the bands all forged their careers in independent venues. These venues, will often present artists with their first experience of playing in front of an audience and enable them to hone their skills.

Nadine Shah, South Tyneside singer-songwriter and an ambassador for Independent Venue Week commented on the importance of these venues. “Every small music venue has its own unique history and character. Coming from the North East it's hard to pick a favourite but The Cluny in the Ouseburn valley is most probably the venue I've not only played at the most but also seen the most other bands.

“It’s of the utmost importance that we protect these places. Independent venues are the backbone of the music industry, places where we nurture and grow tomorrow's musical icons. The “agent of change” principle will require those responsible for new residential accommodation to ensure that measures are put into place to allow venues to continue to operate whilst co-existing with these new developments. The UK prides itself on its musical output and without these measures being put into place to ensure the safety of these venues then the British music industry itself will quickly become a grey dull version of its former vibrant glittering self.”

Julian Ive and Steve Parkin, owners of The Cluny commented, “We believe in supporting local artists, as so much about the character of our cities is within the independent venues that form their makeup. Without independent venues such as The Cluny we would all go to the same bars, drink the same beer and listen to the same music!

“Music is the very core of our business, changing customer expectations means that we constantly need to be offering something different and live music nights give fans the chance to watch acts that one day, may well be headlining at festivals and selling out stadiums.”

The independent music scene in the North East is constantly evolving and the resurgence in the popularity of such venues is evident throughout the region. After a busy year last year and another successful independent venues week, we look forward to the year ahead and envisage the North East music scene continuing to go from strength to strength.

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How caravan parks are revolutionising the staycation

In recent years, the UK holiday and caravan park market has seen considerable growth with established holiday parks in high demand. With idyllic countryside or beachside locations, holiday and caravan park holidays have long been a staple holiday destination for many UK tourists but with recent political uncertainty, and a subsequent drop in the value of the pound, new holidaymakers are being attracted to holiday closer to home leading to further growth in the popularity of ‘staycations’ across the UK. The recent recession, coupled with the increasingly trendy ‘staycation’ concept has helped to make holidaying in the UK a much more popular choice amongst UK tourists. Much has been written about the Brexit vote and its positive impact on the UK holiday and caravan park market but there has also been a transformation in the parks themselves.

Read More....

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In recent years, the UK holiday and caravan park market has seen considerable growth with established holiday parks in high demand. With idyllic countryside or beachside locations, holiday and caravan park holidays have long been a staple holiday destination for many UK tourists but with recent political uncertainty, and a subsequent drop in the value of the pound, new holidaymakers are being attracted to holiday closer to home leading to further growth in the popularity of ‘staycations’ across the UK.

The recent recession, coupled with the increasingly trendy ‘staycation’ concept has helped to make holidaying in the UK a much more popular choice amongst UK tourists. Much has been written about the Brexit vote and its positive impact on the UK holiday and caravan park market but there has also been a transformation in the parks themselves.

[fulltext] =>

 

As ever holiday park businesses have been forward thinking to embrace the new demand, creating and developing many new forms of accommodation to appeal to different customers. Be it traditional caravans, high quality lodges with hot tubs, Pods, Yurts, Teepees or Treehouses, there is accommodation to suit everyone and every taste. Whist the key ingredients of a successful holiday business remain unchanged; location, accommodation, price and service; the increased and wider demand enables a far greater diversity in what we are seeing parks offer to their customers. Other than simply providing accommodation successful parks offer ‘experiences’ to their customers whether this means a luxury lodge with spa facilities, or a ‘back to nature’ experience with outdoor showers and a fire pit under the stars.

There has been a real shift in focus as park operators invest further capital in the holiday and caravan park market, with the majority actively seeking new opportunities or investing to expand their parks with additional hire fleet accommodation or by developing new concepts of holiday accommodation. At the end of 2016, the UK’s largest caravan park operator, Parkdean Resorts was sold to Canadian private equity firm, Onex Corporation for over £1.35 billion, an insight in to the attraction and scale of the UK holiday park market. Throughout 2017 and in to 2018 we continue to see a very strong demand for holiday parks across the UK.

Staycations look set to continue in their popularity; a real boost to the UK holiday park industry and testament to the great service and range of holidays on offer from holiday park operators.

Adam Burkinshaw
adam.burkinshaw@sw.co.uk
0134 782 2005

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[layout_type] => blog [menu_text] => 1 [page_title] => Latest News and Insight on the UK Commercial Property Market | Sanderson Weatherall [page_heading] => Latest News [menu-meta_description] => News, industry insight and features on the UK Commercial Property Market from Award Winning Property Consultancy Sanderson Weatherall [secure] => 0 [page_description] => [page_rights] => [robots] => [access-view] => 1 ) [initialized:protected] => 1 [separator] => . ) ) URL: /news/22-blog/1416-how-caravan-parks-are-revolutionising-the-staycation?layout=default&breadcrumb=noimage

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