GRS Inns pub portfolio for sale

Tue, 23 Feb 2010

A chain of pubs formerly owned by GRS Inns, the pub management company owned by London Town, which recently went into administration, has been put up for sale.

The portfolio of leased public houses has been put on the market by the appointed agent Christie & Co. The pubs are spread across Britain, with some sites located in Hampshire, East Anglia, South Yorkshire and Scotland.

GRS Inns and parent company London Town went into administration at the end of last week, having buckled under the weight of its debts.

The GRS Inns sites have been secured in the short term under an agreement with the new owner of London Town's managed services and managed pub subsidiaries LT Pub Management Ltd, a new investment vehicle headed by former London Town management.

David Chubb, PwC joint administrator of London Town said: "In order to avoid immediate closure of the 44 leased pubs in GRS Inns, we have negotiated a short term management contract and hope this will allow time to attempt to secure the longer term survival of these pubs."

Mr Chubb added that if buyers are not found for the pubs they would revert back to the owners of the freeholds, who include Enterprise Inns and Punch Taverns.


Subscribe today to read and search all our news, premium articles, business sale listings and buy/sell resources.


Latest Businesses for Sale


Printers/ Stationers - Andover, Hants

Asking Price: 
Turnover:  £640,000
Location: 

Digital printing specialists, commercial and retail stationers, lithographic printing and various ancilliary services. Freehold retail shop and long leased factory unit. Sale price includes all equipment and properties. NP £80k...


Hotel Accommodation - Folkestone

Asking Price: 
Turnover:  £500,000
Location: South East

Three Victorian houses joined together to form a luxury 8,500 sq. ft. facility. Includes reception, two lounges, four dining rooms, 16 en-suite bedrooms, music room, two kitchens, conservatory, bar, sauna, hot tub and more...


Suppliers of Souvenirs - Derbyshire

Asking Price: 
Turnover:  £1,200,000
Location: East Midlands

With over £60k worth of trading, the company has a very reputable name within the tourist and leisure market. Excellent potential...


View More Businesses for Sale >>