Thu, 04 Aug 2011 | BUSINESS SALE
London-based pub Company Faucet Inn has made another acquisition in the form of Gordon Ramsay’s pub The Warrington.
The owner of Faucet Inn, Steve Cox, has purchased the Maida Vale-based pub from Gordon Ramsay and Chris Hutcheson. The price paid has not yet been disclosed.
The Warrington - which comprises a Grade II-listed saloon and an art nouveau interior - was acquired in 2006 for around £5.2 million and was up for sale this time around with a price tag of around £5.5 million. Ramsay is rumoured to have spent £80,000 on refurbishments at the pub in a bid to use it as a launch pad for a chain of gastro pubs.
A Gordon Ramsay spokesperson told the Morning Advertiser, “We can confirm that the sale of The Warrington has been agreed and contracts have been exchanged with completion in August."
"The operation is not part of Gordon Ramsay Holdings but is jointly owned by Gordon Ramsay and Chris Hutcheson, both of whom have agreed to the sale," added the spokesperson.
Faucet Inn's acquisition of The Warrington takes their pub portfolio to 25, following the acquisition of six pubs last year from Mitchells & Butlers.
This is an exciting opportunity to acquire a well-established restaurant business in a highly desirable area of Brentwood.
LEASEHOLD
This well-established UK business offers a unique opportunity to step into a leading position in its sector, benefiting from a substantial client base and strong referral rates.
This business offers a comprehensive turnkey solution in the building sector, known for its skilled workmanship, reliability, and extensive expertise in damp proofing, timber treatments, and structural waterproofing.
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.