Massive Sold

By Claire Miller

- Last updated on GMT

Related tags: Tavern, Bar, Public house

The Massive Pub Companys sites in administration have exchanged contracts with buyer Bridgehouse Capital

THE MASSIVE Pub Company has exchanged contracts and is selling over 30 sites to Innventive Pubs, a subsidiary of private equity company Bridgehouse Capital.

Massive, which has 33 sites in administration, has faced several attempted sales falling through.

The deal, which is thought to be worth £8 million, includes Auberge English pubs, the French restaurant chain, Tup sports bars and Thomas &Carter gastropubs.

The 33 sites had a turnover of £20.2 million in the last financial year, 14 of them are Unique leases, a couple are leased through Scottish & Newcastle, one is a Punch pub and the remaining 16 are free-of-tie leases.

Bar Room Bar directors Tony and Ross Sanders advised on the deal. Previous potential buyer Swallet Management Solutions had been unable to complete on its offer.

Related topics: Business

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