Hawthorn Leisure pub chain up for sale

Mon, 05 Mar 2018 | BUSINESS SALE

Hawthorn Leisure, a firm led by co-founder CEO Gerry Carroll, is being put up for sale by majority owners Avenue Capital.

Noah Bulkin launched the pub group in 2014 with the help of funding from private equity backer Avenue Capital. The investor now wants to sell the chain for between GBP115m and GBP130m, according to reports.

There is already news that rivals in the pub business, including Admiral Taverns and Heineken's pub arm, are thought to be interested in the chain.

Hawthorn Leisure's model is to use data to help get the pricing and drinks offering just right in order to stave off competition from market challenges such as cheaper supermarket alcohol and the smoking ban. The model has proved successful so far and the chain reported revenue of GBP41.5m in 2016, with operating profit increasing to GBP529,000, up from a loss of £677,000 in 2015.

The tenanted pub group started out with a GBP75.7m investment from New York private equity investors Avenue Capital, which funded the purchase of 275 pubs from Greene King. It has since purchased a further 11 pubs from Wetherspoons and 88 pubs from R&L, while selling off several sites it referred to as "non-core."


Share this article



Latest Businesses for Sale

Extensive Range of Catering Equipment, Furnishings & Wet Stock (Fast Sale)
UK Wide

Viewing: Wednesday 27 February 2019 between 10am and 3pm. Closing From 10am Friday 1 March 2019.

Asking Price: Offers Invited
Turnover: £500k - £1m

Tyre Services
Fakenham, Norfolk, UK Wide

Tyre specialist offering commercial and agricultural tyres. Major Tyres Ltd with Hankook performance tyres. Offers invited.

Asking Price: £299,950
Turnover: £380,000

LEASEHOLD


Tyre Garage
Midhurst, West Sussex, UK Wide

Busy vehicle tyre changing business, which is in a prime trading location in Midhurst, West Sussex. The business was established by our clients in 1984. Only now is the business being offered to the market, due to our clients’ desire for a well-deser...

Asking Price: £399,995
Turnover: £336,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
21
 
Feb
 

Lakeside hotel enters administration | ADMINISTRATION

A historic but well-preserved hotel located on the banks of ...

 
19
 
Feb
 

Pharmaceutical manufacturer enters administration | ADMINISTRATION

A pharmaceutical manufacturing company based in Bristol has ...

 
16
 
Feb
 

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
08
 
Oct
 

Housebuilder turnaround may net owners a fortune | BUSINESS SALE

Derbyshire-based Avant Homes is reportedly being groomed for...

 
06
 
Nov
 

Loungers pub chain on the block | BUSINESS SALE

The majority owners of the Loungers pub chain have decided t...

 
01
 
May
 

London brewer hoping to sell its European beer brands | MERGER

If the European Commission approves  Anheuser-Busch InB...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources