Regional Pub acquisition
Owner Managed Business, £5m turnover, 3 Directors 84 staff
Regional pub company established in 1970 and operating an estate of 22 outlets comprising a good mixture of traditional town centre bars, community ‘locals’ and food led pubs. The business has a history of successful trading and a strong regional reputation for quality of offering in a challenging market place. The company owned a 50% interest in a company operating 6 pubs in the south east. Due to the joint venture arrangement this company was under different management and not operating at its true potential.
Our client acquired the remaining 50% interest in the group. We provided advice on the structuring of the deal, obtaining finance, taxation advice, tax clearance and due diligence to the funder.
The 6 new units are now managed by our clients’ capable management team. Our client has been able to continue with its strategy of expanding its pub estate and improving market share.