Brakspear buys two more pubs
Pub firm Brakspear has bought two more pubs, taking its estate to 146 in total.
The new sites are the Star & Eagle in Goudhurst, Kent, a pub restaurant with letting rooms, and the William Bray, a bar and restaurant in the picturesque village of Shere, Surrey.
At the same time, JT Davies & Sons, Brakspear's parent company, has reported a 5% uplift in turnover to £15.3 million in the year ending 31 December 2011, while operating profit rose 14% to £4.1m. Pre-tax profits grew to £2.6m.
The figures reflect improved performance across the Brakspear estate, thanks to significant investment in pub refurbishments and in bolstering support for tenants through a new mystery customer scheme and enhanced support from business development managers.
Savings achieved through a streamlining of Brakspear's management and head office functions were reinvested into pub improvements, and into the purchase of the new sites.
Chief executive Tom Davies said: "2011 was a year of laying foundations for the growth that we are pushing forward this year. We believe we already have the best tenanted-only estate in the business and now we are bringing more great pubs with talented retailers into it through our acquisition programme.
"We're looking forward to working with our new business partners and to strengthening the support we offer to them and to our existing estate, to ensure that all pubs trading under the Brakspear name deliver healthy returns to everyone involved."
Brakspear acquires two pubs and is on the lookout for more >>
By Neil Gerrard
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