Sun, 17 Mar 2019 | BUSINESS SALE
The Lambton Worm and The New Plough pubs in County Durham have been put up for sale by leisure group Tavistock.
The decision to sell the pubs has been triggered by the company’s strategy to focus on its brewery operation and gin distillery business.
The brewing business S43 is gaining favour amongst beer connoisseurs as it expands from its traditional cask ale range to new American craft brews.
Its Poetic License Distillery has been similarly innovative in the gin market, launching several new distinctive gin flavours and brands over the past two years.
Tavistock Managing Director said, "Having decided on a shift in strategy, we are looking to reduce the number of outlets we have in the portfolio. Whilst we are disposing of good, profitable properties, it will free up valuable management time and resources for the expansion of both our distilling and brewing operations."
The New Plough in Burnopfield is a modern freehold pub and 70-cover restaurant with open-plan trading areas, decorated in a rustic manner. It is being marketed at a price of £450,000 by Christie & Co. Burnopfield is about 10 miles from Newcastle upon Tyne and 15 miles from Durham.
The Lambton Worm in Chester-le-Street is a boutique hotel with 14 en-suite bedrooms. It has a separated restaurant area and a lounge bar with live music. The hotel and restaurant have combined seating for 140 covers. The hotel is for sale at £900,000 freehold.
Both pubs have been recently refurbished and are trading profitably.
Well established online tour agent (ota) - fully relocatable turnover for year end march 2019 £313,655. Business opportunity & partnership over 11 years trading with a fantastic reputation.
RELOCATABLE
An exciting opportunity has arisen to acquire a well-established online bridge club with over 2 decades of trading history. Based in London, this online gaming company enjoys a thriving membership base of dedicated bridge players across the world.
An award winning, exclusive beauty salon based in East Anglia has come to market after having built up an envious reputation providing top quality treatments to it's clientele.
LEASEHOLD
|
03
|
|
Aug
|
Private equity-backed CTS makes second acquisition of 2021 | BUSINESS SALE
Construction Testing Solutions (CTS) has completed the acqui...
|
03
|
|
Aug
|
Agricultural firm targeting acquisitions after strong results | BUSINESS NEWS
Agricultural firm NWF has said it will consider targeting ac...
|
02
|
|
Aug
|
TGM Partners scoops up manufacturing firms in double acquisition | BUSINESS SALE
TGM Partners, a company specialising in the acquisition and ...
Sign up to receive our acquisition alert emails to get your FREE guide
|
10
|
|
Aug
|
Sanlam UK buys Tavistock Financial in £1m deal | BUSINESS SALE
Cheltenham-based firm Tavistock Financial has been sold to S...
|
01
|
|
May
|
Hotel for sale in Hartlepool | COMMERCIAL PROPERTY
A hotel has been put on the market in Hartlepool, but its ow...
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