Sun, 06 Nov 2016 | BUSINESS SALE
The majority owners of the Loungers pub chain have decided to offer the business for sale.
Fifteen years ago Jake Bishop, Alex Reilley and Dave Reid used their life savings to set up a single pub in Bristol. The pub built a reputation around its quality gastrononomics and quirky decor and it wasn’t long before the trio began opening new locations.
With the help of private equity firm Piper which took a stake in the business, the chain has now grown to 77 pubs, 12 00 employees and a combined turnover of £48 million, producing annual profits of £2.5 million according to accounts filed in 2015.
According the the Sunday Times, the business is forecast to produce underlying earnings of £15 million.
It is reported that Pipers want to sell their entire stake in Loungers Group with the two remaining owners Bishop and Reilley (Reid sold in 2012) still considering how much of their stake to throw in the hat.
Advisory firm GCA Altium has been reportedly hired to find potential buyers which could include pub chains Greene King and Fullers. Apparently buyout firms buyout firms Inflexion Private Equity and Equistone have also shown interest.
Click here for more leisure, lifestyle and pubs for sale in the UK
A very successful popular farm shop; an expanding and profitable business. Prominent main road location with passing road traffic. Located adjacent to a busy Petrol Station and close to the Garden Centre. Dorchester approx. 7 miles. Wareham approx. 1...
LEASEHOLD
Prominently located on Bournemouth’s West Cliff. Generous site approaching ½ acre with dual access. Well-equipped rooms with direct dial telephones, colour televisions, tea making facilities, trouser presses, ironing facilities and hairdryers. Key fo...
LEASEHOLD
Highly regarded 2 AA rosette restaurant and function/ wedding venue. AA 5 star guest accommodation rating. Purpose built bedroom block (1999). High quality fittings and equipment. UPVC double glazing with window blinds. Gas fired central heating. Bat...
FREEHOLD
08
|
May
|
Pipeline manufacturer acquired by engineering group | BUSINESS SALE
UTS Engineering has acquired pipeline manufacturer and servi...
08
|
May
|
JMG Group expands commercial insurance services with acquisition | BUSINESS SALE
JMG Group has expanded its commercial insurance services and...
08
|
May
|
Assets to be sold as steel processing firm ceases trading | ADMINISTRATION
A steel processing business based in the Liverpool City Regi...
28
|
Apr
|
WHP makes third acquisition in a month | BUSINESS SALE
WHP Telecoms has continued its recent acquisition spree with...
14
|
Apr
|
PE-backed telecoms group continues on acquisition trail | BUSINESS SALE
WHP Telecoms, which is backed by private-equity firm Equisto...
24
|
May
|
Luxury steak restaurant chain seeks buyers | BUSINESS SALE
The owner of the Gaucho chain of steak restaurants is hoping...
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
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.