Thu, 07 Jul 2022 | BUSINESS SALE
Pub operator Marston’s is considering selling a portfolio of up to 50 pubs that are not considered a core part of its operations. Wolverhampton-based Marston’s currently operates an estate of close to 1,500 pubs across the UK, employing around 12,000 staff.
Like many large pub operators, Marston’s has reorganised elements of its portfolio over recent years. In 2019, the company sold a package of 137 pubs to Admiral Taverns for £44.9 million before announcing that it would sell a portfolio of 29 pubs to Hawthorn for an undisclosed sum in January 2020.
The firm then agreed a deal in December 2020 to operate 156 SA Brain’s pubs in Wales in a mix of both leased and management contracts.
While the pubs being considered for sale in the latest disposal have not yet been named, it has been reported that the sites in the non-core portfolio are located across England and Wales.
A spokesperson for Marston’s commented: "As you would expect, we review our estate from time to time as part of normal course of business. We are potentially looking to dispose of a small package of non-core pubs which no longer satisfy our pub strategy.”
"In the event of a successful transaction, any disposal proceeds raised will be used to further reduce the Company's debt in line with our stated strategy. A further announcement will be made as appropriate."
Earlier this year, Marston’s said that it was seeking to reduce its net debt to under £1 billion by 2025. At that time, the company reported that it had seen a return to pub operating profit, with trading levels approaching pre-COVID levels.
Read about how the UK pub sector's recovery from COVID-19 is creating M&A opportunities.
Find businesses for sale here.
If you are looking for an exit, we can help!.
This hotel, bar & restaurant trade from an impressive 4-storey landmark detached character premises with wealth of stunning feature and excellent year-round trade.
LEASEHOLD
The business specialises in providing international hospitality companies through forums and networking events a route to two key markets. The business operates on a B2B basis across the UK & France, offering events for MICE agents and end-user corpo...
RELOCATABLE
This sale offers a compelling opportunity to acquire a successful limited company that operates 2 highly regarded hospitality businesses: a charming 4-star boutique hotel in the picturesque Gloucestershire countryside and a well-established pub in th...
FREEHOLD
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.