PROPERTY ROUND-UP
Chester Pub receives £500k investment
This week’s property round-up includes sites involving Hydes, Parker Pub Co, Roxy Leisure, The George IV, Sixes and more.
Property Law
OPINION
OPINION: Pub valuations as a going concern
When you're valuing a pub or other type of leisure and hospitality business, if it’s open and trading as a going concern (and, mostly, when it’s not), you value it as a fully equipped and operational entity, having regard to trading potential.
City pub to receive £150,000k refurbishment
North-west multiple operator Blind Tiger Inns has taken its 20th pub with Star Pubs, increasing its estate to 22 sites.
PROPERTY ROUND-UP
Admiral injects £260k into city pub
This week's property round-up includes mentions from Admiral Taverns, Banx Pub Company, Henley Pub Co. and more.
GBPA winner hopes for increased trade during Christmas
Great British Pub Award (GBPA) winner for the Best Pub for Sport – The Gardeners Arms, known locally as the Murderers – hopes for a boost in trade as sporting events increase throughout the remainder of the year.
Gipsy Hill Brewing acquired by Sunrise Alliance Beverages
London-based Gipsy Hill Brewery has entered a "strategic partnership" with independent UK brewing group Sunrise Alliance Beverages that will target great quality and eco awareness.
Heartwood Inns opens 4th site with rooms
The Coat & Bear situated in Newbury, Berkshire has opened its doors, following a multi-million pound renovation provided by Heartwood Inns.
PROPERTY ROUND-UP
The Firbank reopens following £200k investment
This week's property round-up includes mentions from Admiral Taverns, Stange & Co.,Greene King and more,
1,200 pubs ‘likely to close this year’
More than 1,000 pubs will likely be shut this year, 200 more than 2023 and 400 more than 2022, one organisation has estimated.
£2.66bn tax hike looming
Hospitality, retail and leisure firms are set to pay £2.66bn more in business rates, experts have warned.
First Allsopp’s pub opens after 80-year hiatus
A descendant of Samuel Allsopp, the founder of Allsopp’s Brewery, has spoken of his pride in opening his first pub and reviving his family’s brewing history.
Montgomery Group expands with second pub opening
After The Montgomery Group announced plans to launch its second pub earlier this week, The Morning Advertiser (MA) caught up with its founder to find out more.
PROPERTY ROUND-UP
Admiral invests £374,000 into its estate
This week's property round-up includes mentions from Admiral Taverns, Arc Inspirations, Star Pubs, Mongomery Group and more.
Inside Uber’s carbon-negative pub
The Morning Advertiser had a look around Uber’s pop-up site, which the car booking app said was London’s first carbon-negative pub.
11% of UK pubs at risk of imminent closure
More than one in 10 British pubs are at imminent risk of closure with 20% of the total number of venues deemed technically insolvent.
MA LEADERS CLUB
‘Four-fold business rates rise enormous’
Business rates could quadruple for a number of operators when relief ends next year, one trade body boss has warned.
Uber launching carbon-negative pub
Car booking app Uber is opening a London venue, which it claimed is the capital’s ‘first carbon-negative pub’.
Heartwood opens third pub with rooms
Award-winning multiple operator Heartwood Collection has opened its third pub with rooms, The White Hart in Lewes, East Sussex.
PROPERTY ROUND-UP
Young's transforms old bank into new town pub
This week's property round-up includes mentions from Young's, Punch Pubs, Manahatta, DGB Hospitality Group, Robinsons Brewery, and more.
65 nightclubs lost so far in 2024 as closure rate intensifies
Some 65 nightclubs have closed their doors for good so far this year as the “unprecedented crisis” intensifies.
50 pubs a month vanished in first half of 2024
More than 450 pubs closed their doors for good in the first six months of 2024, with the north-west region having been hit hardest.
First half of 2024 saw 2 chain pubs close daily
Chain pubs were one of three categories that accounted for half of all net closures in the retail and leisure sector, one report has showed.
PROPERTY ROUND-UP
Boxpark confirms new site
This week's property round up includes mentions from Boxpark, Weston's Cider, Wren's pubs, Red Engine and Fleurets.
Town pub closes its doors with 'no reopening planned'
The Pinkneys Arms in Maidenhead, Berkshire has officially shut with the pub set to be boarded up following challenges including "crippling increases in operation costs".
Admiral snaps up more than 50 sites in five months
Admiral Taverns has procured more than 50 sites in the past five months as part of its ongoing growth strategy.
UTILITY UPDATE WITH NATIONWIDE ENERGY
Utility prices unlikely to return to 2022 levels
Volatility is greater in gas and electricity commodity costs in winter. Gas demand exceeds available supplies with reserves bridging the gap.
Music venue to reopen after 4-year closure
Bootleggers in Kendal, Cumbria is set to open once again creating an estimated 30 new jobs. The site is set to be reopened by Westmorland Group.
'Poor reviews can be seriously damaging'
Stanley’s of Streatham in south London, received a negative Google review, which claimed the pub was not offering enough vegan menu options.
Drinks sales continue difficult run
Drinks sales have continued a difficult run as year-on-year sales slump by 5%, the latest Daily Drinks Tracker from CGA by NIQ has revealed.
OPINION
OPINION: Hospitality must become the go-to place once again
I love pubs. I love old fashioned pubs, quirky bars, sports venues, gastropubs, you name it, I love them all.
PROPERTY ROUND UP
North Yorkshire pub reopens after £250k refurbs
This week's property round-up features investments from Robinsons Brewery, Star Pubs, Admiral, Open Brewers and more.
Drinks sales down for second week in a row
Drinks sales in managed venues have dipped below 2023 levels for second consecutive week despite last week’s widespread good weather.
Site numbers rise despite sales fall after riots
New research has revealed drink sales in city centres fell by a whopping 10.2% during the rioting that followed the fatal stabbings in Southport at the end of last month.
Number of hospitality sites in growth again
For the first time in two years, the sector has recorded quarter-on-quarter growth in outlet numbers.
Drinks sales slump due to poor weather and civil unrest
Drinks sales in pubs fell year-on-year in the week to Saturday 10 August as “disappointing weather and civil unrest” swept across the nation.
‘Ongoing business challenges translating into closures’
Closures in the pub market are predicted to be steeper than pre-Covid levels this year, driven by a range of contributing factors.
PROPERTY ROUND-UP
Heartwood Collection to invest millions across new sites
This week's property round-up includes investments from Heartwood, Fleurets, Fuller's and more
Hot weather increases drinks sales by 7%
With the weather set to remain good this week, pubs can make hay after last week brought a 7% uplift in total drink sales after the previous gloomy week saw sales slump.
CAMRA: ‘fight continues’ for enhanced planning protection for pubs
The Campaign for Real Ale (CAMRA) has urged the “fight continues” to bolster planning protections for pubs on year after the Crooked House “scandal”.
CAMRA repeats calls for 'action' one year after Crooked House fire
The Campaign for Real Ale (CAMRA) has reiterated calls for action to be taken to protect pubs on the one-year anniversary of the Crooked House ‘scandal’.
City pub saved following public inquiry
A public inquiry to determine the fate of a south-east London site has concluded the venue must be returned to a pub.
Plea for new Gov to confirm Alcohol Duty System review
Independent breweries have called on the Labour Government to confirm the newly implemented Alcohol Duty System will be reviewed after three years.
PROPERTY ROUND UP
Thornbridge injects £1m into new Sheffield site
This weeks property round-up includes investments from Thornbridge, Heartwood, Greene King, Star Pubs and more.
NTIA demands ‘immediate action’ to save Boxpark Shoreditch
The Night-Time Industries Association (NTIA) has called for immediate action to save Boxpark Shoreditch after its closure was announced due to a “planning requirement”.
More than 2 sites lost a day in 5-week period
Some 84 outlets were lost in the hospitality sector from 1 June to 6 July, with suburban and urban areas hit the hardest, according to new data.
Industry insolvencies soar by 20%
Insolvencies in the hospitality sector increased by a fifth (20%) in the 12 months to May 2024, official figures found.
PROPERTY ROUND-UP
Star operator adds 12th pub to portfolio
This week's property round up includes investments from Star Pubs, Greene King, Dodo and more.
Increased M&A activity signals rise in investor confidence
An uplift in merger and acquisition activity in the market has signalled investor confidence has improved, according to a new report.
UTILITY UPDATE WITH NATIONWIDE ENERGY
Utility commodity costs drop but still higher than February
Pubs continue to face multiple challenges from both energy costs and supplier practices.
OPINION
OPINION: Innovative financing 'imperative' for pubs
There are three main areas to the successful operation of a public house, those being ownership, location and offering, including price, food and events etc.