Tue, 20 Jul 2021 | COMMERCIAL PROPERTY
Pub group JD Wetherspoon is seeking a buyer for seven of its locations, as the UK pub sector’s dealmaking surge continues. The seven sites, which are all either freehold or long leasehold, are available individually, in small packages or all together as a full portfolio. All the pubs in question are located in town centres in England or Wales.
CBRE and Savills have been appointed to lead the sales process for the sites, for which asking prices have not been disclosed. The sites up for auction are: The Bell Hotel in Aylesbury; Chapel an Gansblydhen in Bodmin; The Robert Peel in Bury; The Drum in Leyton; The Sir Daniel Arms in Swindon; The Postal Order in Worcester; and The North & South Wales Bank in Wrexham.
The company has said that fixtures and fittings at the sites, barring leased and branded items, are available for inclusion in the sale. JD Wetherspoon added that all staff would be transferred in the sale, as per TUPE regulations. The latest auction comes with two other JD Wetherspoon sites, Sir Isaac Pitman in Trowbridge and Coatbridge's The Vulcan, already under offer.
A spokesperson, commenting on behalf of joint agents CBRE and Savills, said: "Following the success of our earlier marketing campaigns for JD Wetherspoon we are delighted to be launching these seven outlets to the market.”
"These sizeable venues are all fitted to a high standard which will make them appealing to a broad range of potential buyers."
JD Wetherspoon has recently issued a trading update in which it revealed that its net debt stood at £865 million, which it says it expects to reduce to around £833 million by the end of the current financial year.
Read more about what's behind the spate of dealmaking in the UK pub sector.
One of the best ways to find properties below market price is to look at recent administrations.
View the latest distressed UK businesses here.
Its traditional setting and Italian charm provide an ambience which the owner firmly believes cannot be found elsewhere and he calls it a Hitchin fine-dining gem! The delicious menu is heavily influenced by the owner's Venetian roots, using only the...
LEASEHOLD
The business benefits from its location on the edge of a new food court with a complete building refit including a newly fitted restaurant, fixtures, fittings and equipment costing an estimate of around £400,000! There is a state-of-the-art kitchen a...
LEASEHOLD
Supplies food servery counters and restaurant and catering equipment for clients throughout the UK. Prides itself on providing a professional, flexible and cost-efficient service at every stage of the process, from initial project design through to c...
LEASEHOLD
|
20
|
|
May
|
Administrators seek buyer for gourmet instant noodle brand | ADMINISTRATION
Bournemouth-based instant foods brand Mr Lee’s Pure Fo...
|
19
|
|
May
|
Knights continues acquisition-lead growth strategy with £11.5m deal for law firm | BUSINESS SALE
Legal services company Knights has acquired Portsmouth-headq...
|
18
|
|
May
|
Insolvencies forecast to surge 37 per cent in 2022 as inflation hits 40-year high | BUSINESS NEWS
Businesses in the UK look set to come under continuing press...
Sign up to receive our acquisition alert emails to get your FREE guide
|
28
|
|
Oct
|
Prominent Cardiff home of fast food chain up for sale for £2.1m | COMMERCIAL PROPERTY
The building on Cardiff’s Queen Street housing the cit...
|
20
|
|
May
|
Administrators put Liverpool’s Shankly Hotel up for sale | COMMERCIAL PROPERTY
Administrators from Kroll (formerly Duff & Phelps) have enga...
|
20
|
|
May
|
Young’s explores potential sale of tenanted pub business | BUSINESS SALE
Young & Co’s Brewery (Young’s) has hired propert...
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