Wetherspoons puts 32 pubs up for sale as food and labour costs rise

by 24britishtvSept. 28, 2022, 6 p.m. 29
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JD Wetherspoon has announced it is selling 32 pubs due to rising food and energy costs and a lack of staff.

The pub chain, which has around 300 pubs and hotels in the UK and Ireland, said it made the decision because it was at risk of millions of pounds in upkeep and increased wages.

Eddie Gershon, its spokesman, said: "On occasion, Wetherspoon does put some of its pubs up for sale. This is a commercial decision.

"We understand that customers and staff will be disappointed with it. The pubs will continue to operate as Wetherspoon outlets until they are sold."

The pubs are in city centres across England, with 10 in London, including in Battersea and Islington.

In May Tim Martin, the chain's boss, announced a series of widespread changes to the business as a result of increasing costs.

This included a rise in drink prices of 10p for a pint across the country and 20p in London.

The sales are being handled by commercial property specialists CBRE and Savills.

Toby Hall, senior director at CBRE, said: "The excellent mix of locations in this portfolio is rarely seen in the market.

"With more than half of the portfolio located in London and the South East and other strong locations in the South West, Midlands and North we believe the pubs represent an excellent opportunity for existing pub operators and new entrants".

The pubs up for sale:

Barnsley - Silkstone Inn

Beaconsfield - Hope & Champion

Bexleyheath - Wrong 'Un

Bournemouth - Christopher Creeke

Cheltenham - Bank House

Durham - Water House

Halifax - Percy Shaw

Hanham - Jolly Sailor

Harrow - Moon on the Hill

Hove - Cliftonville Inn

London Battersea - Asparagus

London East Ham - Miller's Well

London Eltham - Bankers Draft

London Forest Gate - Hudson Bay

London Forest Hill - Capitol

London Hornsey - Toll Gate

London Holborn - Penderel's Oak

London Islington - Angel

London Palmers Green - Alfred Herring

Loughborough - Moon & Bell

Loughton - Last Post

Mansfield - Widow Frost

Middlesborough - Resolution

Purley - Foxley Hatch

Redditch - Rising Sun

Sevenoaks - Sennockian Southampton - Admiral Sir Lucius Curtis

Stafford - Butler's Bell

Watford - Colombia Press

West Bromwich - Billiard Hall

Willenhall - Malthouse

Wirral - John Masefield

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