Bavarian Beerhouse Tower Hill closed permanently on October 22, 2018
Increased business rates, wages and rent made a healthy trading impossible.
E.g. Business rates: The City of London increased the business rates from £35K to £80K a year. Furthermore, they requested an annual payment in advance, monthly payments became impossible.
E.g. Rent: The landlord Network Rail increased the rent from £120K a year to £204K a year. Since October 2017 we tried to negotiate a reasonable increase, but without success.
On the other hand sales dropped, one reason is surely the uncertainty of the Brexit negotiations.
We say Tschuess and ByeBye, we had a great time in London.