Last month we completed the leasehold sale of the Woolpack Inn in Witham and this month we should also complete on the sale of a lovely pub just outside Colchester. We received an asking price offer soon after putting the business on the market and the deal should go through this month. It shows that there is still a good appetite out there for pub and bar deals and good quality buyers looking for the right opportunity.
This month we have also had another pub business go “Under Offer” with a buyer in place that already owns another pub and small brewery and looking to acquire free of tie leasehold sites in Essex to expand the business and widen the opportunity to sell their own beers and ales. The key point with both these deals is the realistic prices that they went on the market for. If a business is priced realistically it can move quickly.
We are still marketing a couple of other pubs on a leasehold and freehold basis throughout Essex whilst talking to another couple of business owners that are looking to sell their pub business and put it on the market. We hope to have at least 2 new instructions this month on this basis. If you are thinking of selling your pub or bar business in Essex we would like to hear from you. We offer a FREE, no obligation valuation and based on our success of selling these type of businesses in the county would hope to have the opportunity to work with you on the sale of your business as well.