Aaya, the Japanese sushi restaurant owned and run by Gary Yau, brother of Hakkasan and Wagamama founder Alan Yau, has called in administrators less than a year since it opened.
While the 110-cover restaurant received raving reviews from critics, being named Best Oriental Restaurant at the London Restaurant Awards last year, administrators Begbies Traynor today confirmed property agents Shelley Sandzer had been asked to oversee the complete sale of the operation.
Steve Burns from Shelley Sandzer said that while the property went on the market just yesterday at a guide price of £400k, they have received some ‘very good, serious enquiries’ already. “Aaya is very well fitted and situated in a prime location in Soho,” he said. “There is still a high demand for that sort of restaurant.”
Aaya is the latest restaurant that has fallen victim to the recession, joining the likes of Tom Aikens, Folio Hotels, Le Frog, and Smollensky’s, who have all called in administrators over the past six months.