The Seafood Pub Company gastropubs go on the market

pub & bar

By BigHospitality

- Last updated on GMT

The Seafood Pub Company gastropubs go on the market

Related tags: Seafood pub company, Public house

The 10 gastropubs that were formerly operated by award-winning seafood-focused pub group The Seafood Pub Company have gone onto the market.

The portfolio of properties comprises 10 managed inns and pubs located across affluent areas of England’s North West and Yorkshire. It has been brought to market by business property adviser Christie & Co upon instruction by joint administrators Ryan Grant and Kerry Bailey of BDO LLP.

Properties include Assheton Arms in Downham; Derby Arms in Longridge; and The Oyster & Otter in Blackburn.

All 10 properties are described as being in excellent condition, having recently received over £7m in capital expenditure across the sites.

Christie & Co says the portfolio represents an opportunity for an experienced operator to increase the size of its estate through the acquisition or for a new entrant to build up a high-quality estate of critical mass in a single transaction.

“Despite being currently closed, these sites can be reopened immediately post completion, with significant potential for growth across food, wet and accommodation revenues,” according to Noel Moffitt, senior director of corporate pubs and restaurants at Christie & Co.

The Seafood Pub Company entered administration in July a​fter failing to secure funding to help support it through the ongoing Coronavirus lockdown.

The company was founded by Joycelyn Neve in 2010.

Related topics: Openings

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