Red Oak Taverns has completed a further pub acquisition, The Crown in Romeland, Waltham Abbey from brewer, McMullen’s. This is the fourth single site acquisition this year for Red Oak.
Speaking about the acquisition, property director for Red Oak Taverns, Graeme Bunn said, “The Crown is located in the centre of Waltham Abbey and is a traditional pub serving the local community. We are delighted that McMullen’s chose to work with us in selling one of their assets”.
Plans are in place to invest in improvements at the pub. It is operated by new tenant, Nancy Tobias, she said, “I’m looking forward to creating a family friendly community pub with a new food menu and welcoming everyone back”.
Red Oak Taverns continues to grow its pub estate and is seeking single site and package acquisitions to add to its free of tie and tied pub estate.
The sale was handled by Fleurets. Elysia Wilson-Gunn, Senior Associate of Fleurets commented, “Delighted to have been instructed by McMullen’s we have sold The Crown Public house to Red Oak Taverns knowing it will be in capable hands and continue to operate successfully.”
Background Red Oak Taverns
Founded in 2011 by Aaron Brown and Mark Grunnell, Red Oak Taverns is an entrepreneurial national pub company which comprises over 200 mainly leased and tenanted pubs. The Company is privately-owned by its co-founders and a small number of like-minded individual investors. The pub estate is mainly concentrated in the South, South-West, North-West and the Midlands. Red Oak Taverns prides itself on its flexible partnerships with its Tenant Partners with the aim of developing long-lasting relationships.
Further details can be found on the Company’s website: www.redoaktaverns.com
For further press information on Red Oak Taverns contact:
Phone – 07802 782115
E-mail – email@example.com