Tue, 13 Oct 2015 | BUSINESS SALE
Two well-known pubs in Cardiff have been put up for sale due to a decline in customer numbers.
SA Brain, a brewery based in the Welsh capital, has put The Westgate, in the Riverside area of the city and, The Grange, in Grangetown, on the market.
Reports from Wales Online confirmed the sale but noted that prices for the properties, both of which include first-floor living accommodation, are only available upon request of the selling agents.
Among local residents there is some concern that the pubs will be bought up only for them to be put to alternative uses or turned into residential housing by developers. Grangetown councillor Ashley Govier told the news outlet: “It's sad to see any local business closing down in the district and we are doing all we can to keep the area alive.”
A spokesman for the brewery, meanwhile, noted that the decision to sell was due to the “insufficient custom to sustain the businesses going forward”.
He added: “The Grange sits in our tenanted division and despite being advertised ‘To Let’ for some time, no interest has been shown from potential operators to run it.”
Buyers are thought likely to be attracted to the turnaround potential of the two businesses, with the Westgate's location of particular interest due to the fact that it is close to the Cardiff Castle and the Millennium Stadium, now known as Principality Stadium.
View other lifestyle and leisure industry businesses for sale.
This unique and renowned freehold bar and restaurant in the heart of York City Centre offers over 250 covers across its spacious interior, pavement seating, and a rare rooftop terrace.
FREEHOLD
A well established and strongly profitable engineering business, located in the Midlands. The company will be an attractive acquisition for both a larger trade buyer and also those looking for a stable engineering business.
This European pharmacy manufacturer specialises in providing custom clinical trial batches for leading pharmacy companies across the continent, playing a crucial role in their R&D efforts.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.