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.
This is a superb opportunity to acquire a digital marketing business based in Shrewsbury, Shropshire. The business is available on a leasehold basis. The business operates as a creator of specialist, bespoke marketing services that boost clients’ sal...
A well-established and profitable installer of sheet metal ventilation systems using galvanised steel. The business has a rich history, having operated for over half a century, and has developed a truly enviable reputation amongst their client base i...
This is an opportunity to acquire a Traffic Management Service which has achieved extraordinary growth since its inception in 2022. The business has already managed to build strong relationships with their clients, many of whom return to the service...
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.