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Food and Drink Group acquires seven Puzzle pubs
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Heritage Great Britain
c£70,000pa + benefits + relocation support
location: Isle of Wight, United Kingdom
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The Food & Drink Group has acquired seven leasehold Central London pubs from The Puzzle Pub Company for £1.2m.
The sites currently trade under the Puzzle or Stone Horse brands, but will be rebranded during a refurbishment programme later this year.
Stephen Thomas, chair of The Food & Drink Group, said: “This acquisition meets our strategic objectives and will enhance shareholder value.
“These are good trading sites in some excellent locations which will enable the group to continue to deliver its growth aspirations.”
The seven sites delivered sales of £3.7m and EBITDA of £300,000 in the last financial year.
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The Food & Drink Group has acquired seven leasehold Central London pubs from The Puzzle Pub Company for £1.2m.
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