Wildwood operator Tasty has sold its Dim T More London site near London Bridge to an undisclosed party for £2m.
The money will go towards paying off the company's remaining bank debt, and to fund the group's refurbishment plans. A further announcement will be made on completion of the sale.
Tasty also reported that fourth-quarter sales were “in line” with expectations and, “with the continued assistance of landlords, the board remains confident that current market forecasts for the year ended 31 December 2019 will be achieved”.
The group reported a reduction in losses after tax to £800,000 last year, following other site disposals and an operational restructure. The group is left with five Dim T restaurants and 51 sites under its Wildwood brand.