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!
Greek food delivery business based in the busiest part of London. The business is operating for more than 3 years and serving bar customers, the worker's lunch with a kiosk facing the street, and also delivery platforms (Deliveroo, Uber Eats, and Ju...
LEASEHOLD
A technology focussed company, operating an international private chef service where it provides its clients with restaurant quality experiences at affordable prices in the comfort of their own homes or holiday accommodation. As an innovative oper...
LEASEHOLD
The business was originally established back in 2010, before the current owners took over in 2018. The business has built up an excellent reputation during its time of trading. As seen by the online ratings and reviews, the business is extremely popu...
LEASEHOLD
26
|
Jan
|
UK M&A down 16 per cent in 2022, but sentiment remains optimistic | BUSINESS NEWS
New analysis from PwC has revealed that UK M&A activity decl...
26
|
Jan
|
Private equity-backed law firm targeting further M&A in 2023 | BUSINESS NEWS
Stowe Family Law, a Leeds-headquartered specialist family la...
25
|
Jan
|
Eastbourne seafront hotel on the market for £2.3m | COMMERCIAL PROPERTY
The Eastbourne Riviera Hotel, located on the town’s po...
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