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.
Extremely prime location. Unisex hair and beauty services. Refurbished to an impeccable standard. Large contemporary premises. Excellent reputation. Huge scope for growth. Offers invited.
LEASEHOLD
The smoothie bar is on-trend with its range of healthy and vegan-friendly refreshments. The business is now for sale on a leasehold basis. ‘British Smoothie Championships’ winner 2014. Busy location. Ample parking. Vegan-friendly. Good transport link...
LEASEHOLD
Fully-refurbished premises. Minimal competition. High annual turnover. Prime location. Excellent reputation. A new owner would be able to take advantage of the business’s state-of-the-art facilities as well as its brilliant reputation to continue tra...
LEASEHOLD
|
13
|
|
Sep
|
AFH Financial Group acquires two firms for £7.2 million | BUSINESS SALE
AFH Financial Group, a listed wealth management firm headqua...
|
12
|
|
Sep
|
Lucid Group completes acquisition of North West-based healthcare consultancy | BUSINESS SALE
Healthcare communication specialists, Lucid Group, has succe...
|
11
|
|
Sep
|
Controversial green energy firm goes bust and forced to appoint administrators | ADMINISTRATION
A small energy supplier providing green energy to 29,000 hou...
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