5th Feb 2021 17:50
Marston's PLC - pub operator - Completes transaction to operate 156 SA Brain & Co Ltd pubs in Wales. SA Brain's is a Cardiff-based family business, which owns a portfolio of 156 pubs mainly located in South and West Wales. Marston's will operate 141 pubs on a leasehold basis with effect from February 2021, with GBP5.5 million in annual rent chargeable from April. The majority of the pubs will be on a long lease agreement of 25 years. The outlet level earnings before interest, tax, depreciation and amortisation on a pre-Covid basis will be GBP14 million. A further 15 leasehold sites will be operated under management contract.
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By Anna Farley; [email protected]
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