News: Wetherspoons calling time on Rotherham pub
J D Wetherspoon plc has put 16 pubs up for sale - including a popular venue in Rotherham town centre.
The national operator, which recorded a turnover of £889.6m for the 26 weeks ended January 27 2019, is bringing the pubs to market via CBRE and Savills.
The list includes The Rhinoceros on Bridgegate in Rotherham.
The move follows on from the company's disposal of The Corn Law Rhymer, at the top of the nearby High Street (which is back up for sale) and would leave one remaining Wetherspoons pub in the centre of Rotherham - The Bluecoat at The Crofts.
The pubs continue to trade as normal but if the agents cannot secure a buyer, they are likely to be closed. Wetherspoons said it would look to redeploy staff to its other pubs in the region.
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Following a review of its estate, Wetherspoons has placed around 100 pubs on the market, most of which have now been sold.
With a 7% increase in turnover, the chain, which has 879 trading pubs, reported a pre-tax profit of £50.3m which was 18.9% lower than the prior year.
Tim Martin, founder and chairman of J D Wetherspoon plc, has warned of increased costs, particularly rising wages, and is looking to Brexit to lead to free trade and a reduction in prices in shops and pubs.
The Rhinoceros, locally known as "Rhinos" is named after The Rhinoceros Vase which was made in 1826 at the Rockingham Works near Swinton. At the time of its production the 1.15m high vase was the largest piece of porcelain to have been fired in one piece anywhere in the world.
J D Wetherspoons website
Images: Google Maps
The national operator, which recorded a turnover of £889.6m for the 26 weeks ended January 27 2019, is bringing the pubs to market via CBRE and Savills.
The list includes The Rhinoceros on Bridgegate in Rotherham.
The move follows on from the company's disposal of The Corn Law Rhymer, at the top of the nearby High Street (which is back up for sale) and would leave one remaining Wetherspoons pub in the centre of Rotherham - The Bluecoat at The Crofts.
The pubs continue to trade as normal but if the agents cannot secure a buyer, they are likely to be closed. Wetherspoons said it would look to redeploy staff to its other pubs in the region.
Advertisement
Following a review of its estate, Wetherspoons has placed around 100 pubs on the market, most of which have now been sold.
With a 7% increase in turnover, the chain, which has 879 trading pubs, reported a pre-tax profit of £50.3m which was 18.9% lower than the prior year.
Tim Martin, founder and chairman of J D Wetherspoon plc, has warned of increased costs, particularly rising wages, and is looking to Brexit to lead to free trade and a reduction in prices in shops and pubs.
The Rhinoceros, locally known as "Rhinos" is named after The Rhinoceros Vase which was made in 1826 at the Rockingham Works near Swinton. At the time of its production the 1.15m high vase was the largest piece of porcelain to have been fired in one piece anywhere in the world.
J D Wetherspoons website
Images: Google Maps
8 comments:
More demise of the town centre due to bad management and I don’t mean Wetherspoons...
Does witherspoons dislike Rotherham corn law rhino hope people stop useing bluecoat thanks for your support in our town
Another nail in coffin. If weatherspoons cant make it pay what chance has anyone else? The same as the corn law!
They're closing quite a few down nationwide, baring in mind how many are usually in Rhino's, would've thought it will get bought.Wouldnt be surprised to see another Whetherspoons at some stage either one of old banks or on Forge Island.Also note that High House is reopening! 👍🍺🍺
has anyone been into Rotherham town centre recently.
it's a shambles especially after dark. Shop doorways are habited by drunks/drugies. the only shops are pawn shops, mobile shop bookies etc.
only 20 years ago it was a busy place to go , now dead.
i went in the Corn Laws last summer one evening. it's a dump infested with ********people . your feet stick to the floor as you walk,
normally o love a Wetherspoons, but thatone, no way.
rotherham has died and we all know why...but are not allowed to say.
Robert, can say same about town centres up and down country, not just Rotherham I work all over country and see this even in quiet affluent areas.
Rotherham is a dump!!!wants exterminating!!!
Rotherham is not a dump, it is like a lot of places on the decline though. Hopefully the new regeneration which now has started with bring new life. I love The Cutlers Arms and am proud to say I am from Rotherham. There are bars opened up on the High Street.
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