Wednesday, January 20, 2016

News: Rotherham pubs change hands

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Leisure property specialist Fleurets has acted on the recent deals for two Rotherham pubs.

The Fairways at Brinsworth has been acquired by Lincolnshire brewer George Bateman & Son Ltd for an undisclosed sum off an asking price of £1.1m.

Fleurets acted for the owners Yorkstone Property Limited, who had owned and operated the Fairways, a former Spirit managed house with seven hotel rooms, since 2008.

An independent family business, the Bateman family has been brewing beer in Wainfleet since 1874.

The deal for the Fairways is part of a continued expansion and investment programme as the company looks to attract new talent to work in the many vibrant community pubs that make up the brewer's 60 plus portfolio. Acquisitions will also continue to be a priority over the next twelve months, with Batemans keen to purchase a number of new sites.

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Stuart Bateman, managing director of Batemans, said: "We have a much defined strategy in place for Batemans, to secure its future and ongoing success and key to this is investment – both into our people, and our estate.

"We are searching for talent: be they tenants, POA [Pub Operators Agreement] operators; managers; assistant managers and trainees. We want to have the best people working in our sites, and want the pubs they run to be of the highest standard. This investment programme will continue this year, as we look to acquire other sites and increase the number running under POA agreements and management."

Across the borough, Kevin Winfield, a Midlands based investor, has recently acquired the freehold for the Midland public house, off an asking price of £149,500.

Local multiple operator, Your Friendly Local Limited, sold the Masbrough pub after ten years ownership. The existing management, couple Pauline and Ricky, are set ensure "business as usual" as they continue their management tenure under the new owners.

Nick Thomas from Fleurets' Leeds office, said: "Easily run with a simple wet sales trade, the Midland is a profitable business, a key factor in the decision of Kevin Winfield to acquire the pub. With Pauline & Ricky managing things day-to-day there will be a pleasing continuity for customers."

Kevin Winfield, new owner of The Midland, added: "Having seen the pub first hand and met with the management, I could see that this was a well run and established pub, which didn't require too much tinkering with. I am delighted to have acquired the Midland and would like to thank Nick Thomas and the Fleurets team for their assistance."

Bateman's Brewery website
Fleurets website

Images: Google Maps

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