Pub group looking to sell its commercial property division

Fri, 13 Jul 2018 | DIVISION SALE

Ei Group, the UK’s largest pub company, is looking to sell its commercial property division which has a potential valuation of up to £300 million.

Formerly known as Enterprise Inns, Ei Group has appointed Rothschild investment bank as its advisor to help consider a number of its business options, including the potential sale of some or all of its 351 properties.

The company’s commercial properties comprise of free-of-tie pubs and venues that were previously pubs but have since been adapted for other uses such as convenience stores and restaurants.

The free-of-tie pubs receive no direct support from the company and are run on long-term rental agreements, unlike the majority of the group’s other 4,700 pubs.

The May 2018 results showed that the average net income per property rose to 8.2 per cent to £68,600 annually; despite this, the group has previously faced much debt due to the onset of the recession and the smoking ban.

Ei Group was founded by Ted Tuppen in 1991, who bought a number of pubs from large brewers like Whitbread, Scottish & Newcastle and Bass following the regulation reforms. When the group was performing at its best, it owned 8,500 pubs across the country.

The group’s spokesperson has declined to comment.

For more news stories about business divisions for sale click here. For all our business listings, click here.


Share this article



Latest Businesses for Sale

Wood Burning Stoves Retailer
North Yorkshire, Yorkshire and the Humber, UK

Lifestyle wood burning stoves retailer, iInstaller and wholesaler: Includes stones and reclaim / salvage business. This is a well established family business within the fashionable and lifestyle choice sector of wood-burning stoves. These stoves are...

Asking Price: £165,000
Turnover: £746,000

LEASEHOLD


Fireplace Surround Business
West Midlands, UK

Renowned and respected business, favoured by customers for its unique product offering and its excellent service. Established in 1990, the business has overcome several recessions, continually growing its reputation, workload and customer base. The c...

Asking Price: £750,000
Turnover: £750,000

LEASEHOLD


Garden Machinery Lawnmowers Tool Hire Business
North Wales, Wales, UK

Garden machinery, tool hire, lawnmower sales and repair business, ideally situated within a popular residential area in North Wales. The business is split over two sites, one is a retail unit with workshop, close to the town centre, whilst the larger...

Asking Price: £225,000
Turnover: £310,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
17
 
Nov
 

Warm Zones enters administration | ADMINISTRATION

A North Shields-based non-profit business dedicated to helpi...

 
15
 
Nov
 

Berketex Bride enters administration | ADMINISTRATION

With over 50 years in selling wedding dresses, Berketex Brid...

 
13
 
Nov
 

Intermet Refractories completes MBO deal | MBO/MBI

Intermet Refractories, a metal casting component manufacture...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
01
 
Aug
 

Leading Welsh company completes MBO | MBO/MBI

Swansea based HJ Bassett, one of the first UK companies to i...

 
17
 
Dec
 

Travel Counsellors to explore £200m sale | BUSINESS SALE

The owners of Manchester-based holiday planner Travel Counse...

 
26
 
Jun
 

Network Rail appoints advisors to review portfolio | BUSINESS SALE

Network Rail has appointed advisors from Rothschild to revie...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources