Pubs ‘n' Bars offloads two under-performing sites

26 November 2007 by
Pubs ‘n' Bars offloads two under-performing sites

Pubs ‘n' Bars has disposed of two poor performing leasehold managed pubs for more than £50,000, the group announced today.

The company sold the Meyrick Arms in Clapham and the Brixton Hobgoblin, both in south London, for £22,058 and £34,159 respectively.

Mel Belligero, chief executive of the group, said: "In line with the company's stated strategy, we continue to dispose selectively of poor performing sites but remain acquisitive."

In September the company became one of the first to draw a direct link between lukewarm trading this summer and the introduction of the smoking ban in England.

Most operators had blamed the appalling summer weather for flat sales to that point but Pubs'n'Bars said while the poor weather confused the impact the ban was likely to have contributed to a 4% slide in its sales since July.

Pubs'n'Bars owns and operates 96 community pubs, mostly in the south of England, which it describes as "locals" with "character" with the majority of customers coming from the immediate area.

Smoking ban hits sales at Pubs'n'Bars >>
Pubs ‘n' Bars claims smoking ban will be bad for business >>

Pubs ‘n' Bars takes ownership of Community Taverns >>

Pubs ‘n' Bars purchase of Moorgate London delayed >>

By Chris Druce

E-mail your comments to Chris Druce](mailto:Chris.Druce@rbi.co.uk?subject=Pubs ‘n' Bars offloads two under-performing sites) here.

[The Caterer Blog](http://www.caterersearch.com/blogs/catering-news-blog/) Catch up with more news and gossip on the Caterer Blog here
[Newswire For the latest hospitality news, sign up for our e-mail news alerts.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking