Wed, 19 Apr 2023 | COMMERCIAL PROPERTY
Pub group The Pub People Company has announced plans to acquire up to 60 pubs after securing financing from investment manager Downing LLP. Downing has committed to financing the company’s expansion after acquiring the business last year.
The firm is targeting the acquisition of freehold venues across Yorkshire, Lincolnshire and the East Midlands. Commercial property agent FHP has been engaged to source suitable properties for the company’s estate, with opportunities from both groups and independent owners being explored.
The Pub People Company was founded in 1993 and currently operates a portfolio of 40 managed pubs in and around Nottingham, Sheffield, Derby, Chesterfield and Lincoln. The firm’s expansion plans come at a time of busy M&A activity in the pub sector, with rising costs prompting many large groups to sell off parts of their portfolio, creating acquisition opportunities for operators looking to grow.
The Pub People Company Managing Director Andy Crawford said: “The Pub People Company is keen to invest in further venues in the East Midlands, Lincolnshire and Yorkshire areas. We’ve got a great following in our current estate of 40 pubs and we would like to expand on those.”
“The pub sector continues to have its challenges but with a long established business, strong backing and well invested properties in the area, we’re keen to add to our estate. We are looking to acquire freehold pubs in community and town locations across the region and are keen to speak to individual pub owners and groups who may be looking to sell.”
FHP Director Doug Tweedie added: “This is an exciting time of expansion for The Pub People Company and we’re happy to be helping them to find new freehold pub sites.”
“We’ve formed a strong team between the two parties, which means we are able to appraise and make decisions on new acquisitions quickly and efficiently. We’re looking forward to speaking to like-minded individual owners and pub groups about new opportunities.”
Read more about what's driving M&A activity in the hospitality industry.
One of the best ways to find properties below market price is to look at recent administrations.
An acclaimed Thai restaurant in Glasgow, renowned for its authenticity and award-winning cuisine, is now available for acquisition.
LEASEHOLD
This is an exceptional opportunity to acquire a well-established and reputable Pan-Asian/Noodle restaurant in the heart of Glasgow's West End, benefitting from a prime trading position amidst a bustling retail and licensed area.
LEASEHOLD
An established fish and chip shop in the heart of Edinburgh is now available for sale, offering a fantastic opportunity to own a popular and thriving business with loyal customers.
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.