Tue, 09 Mar 2021 | BUSINESS SALE
The Oakman Group has acquired six pubs formerly operated by Seafood Pub Company, which fell into administration last year. Seafood Pub Company will now become Oakman’s third brand (along with Oakmans Inns and Beech House) and will be overseen by original founder Joycelyn Neve.
The acquisition brings Oakman closer to realising its aim of building a portfolio of 40 pubs by the end of 2021. Following the acquisition, its estate now sits at 33 pubs, mainly situated within its traditional home counties base.
Founded by Neve in 2010, the Seafood Pub Company originally operated 10 pubs across Yorkshire and Lancashire, but fell into administration after being unable to access government financial support during the COVID-19 pandemic.
The six sites being acquired are the Alma Inn in Colne, Derby Arms in Longridge, the Fleece Inn in Addingham, the Forest Inn in Fence, the Farmers Arms in Great Eccleston and the Fenwick Arms in Claughton.
Seafood Pub Company founder Joycelyn Neve commented: “I have been a huge admirer of The Oakman Group, its ethos and its ambition. They have acquired the cream of the Seafood Pub Company sites and I’m confident that, with the Oakman team’s support, we will prove to be enormously successful. My expectation at this stage is that all six pubs will reopen on May 17 and we will immediately start work on putting our new teams together.”
Oakman Group CEO Dermot King said: “I am delighted that we have agreed terms to acquire these sites which represent the next stage in our strategic development as we look to extend our boundaries beyond our Home Counties heartland. We believe that there is significant untapped potential in the premium pub sector, and I am not placing any upper limits on our ambition.”
Read more about how pub companies are snapping up locations ahead of lockdown restrictions ending.
Find businesses for sale here.
If you are looking for an exit, we can help!
This is an excellent opportunity to purchase a well known and highly lucrative business with a bright and exciting future. Only now being offered for sale due to retirement, viewing is highly recommended to avoid disappointment.
LEASEHOLD
Offers an extensive selection of fresh fruit, vegetables, meat and dairy products from carefully selected local and European suppliers.Utilises state-of-the-art, refrigerated production and storage facilities to provide all products to an exceptional...
LEASEHOLD
A brand of fruit drinks. Currently being sold in stores across Northern Ireland. Year on year growth. Ideal opportunity for an already operating food/drinks manufacturer.
RELOCATABLE
|
22
|
|
Oct
|
96,000 sq. ft. Aberdeen office block up for sale for £19.5m | COMMERCIAL PROPERTY
Real estate and investment manager APAM Ltd has put the 96,0...
|
21
|
|
Oct
|
Firm behind unfinished £45m Liverpool student accommodation project collapses | ADMINISTRATION
Mount Group Student NatEx Ltd, the company behind the £...
|
21
|
|
Oct
|
Food importer acquired out of administration after succumbing to COVID and Brexit | BUSINESS SALE
Hull-based dried fruit and nuts importer Hider Foods has bee...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources