Simon Longbottom, of Greene King
By shaun lowthorpe
business editor
Wednesday, January 4, 2012
11:00 AM
Pub group Greene King is opening new outlets in Norfolk using the franchising model as a means of expanding the business.
The Bury St Edmunds based brewery chain is looking to extend its nationwide “Meet and Eat” franchising platform into Norfolk.
Launched last year there are now 23 sites across England operating under the franchise model.
The Gemini in Dereham became the first to open under the franchise model last month with Steve Goodchild and Lisa Mead moving up from Essex to take over as franchisees after more than 20 years working in the motor industry.
The Beehive, in Sprowston, which is currently under temporary management, is set to the be next pub to open during the spring.
Under the arrangement with Greene King, which is usually arranged on a 10-year rolling basis, pubs get a £105,000 cash injection, to help fund a specified refurbishment of the pub, and act as a trade deposit and working capital.
There is also access to NatWest as an official funding partner, with full training, clear operating procedures and systems, complete marketing plans and ongoing support.
The move comes as Roy Seaman, boss of Norwich-based Franchise Development Services (FDS), is predicting a bumper 2012 as businesses look to franchising as the means to expand their companies.
According to FDS, there were 150 new companies that have joined the 1,500 companies already offering a franchise in the UK in 2011, while franchising is projected to grow jobs into 2012 by at least 10pc and the number of new franchisors is once again likely to exceed 100.
Simon Longbottom, managing director of Greene King Pub Partners, said despite the tough economic climate and competitive market place in the pub sector, statistics showed that franchisees, using a business model with an established way of working, had a far higher chance of success than people who started independent businesses.
“With Meet & Eat you get a fully refurbished and decorated pub that’s ready to trade,” he added.
“You have food and drink menu set up for you, including a stable of award-winning world-class beer brands.
“Greene King prides itself on a wealth of experience, knowledge and support it offers to all the pubs in its estate. The Meet & Eat franchise opportunity is relatively new to us but we have more than 200 years of experience of operating great pubs and we’re delighted to open up a new route to running one with us.”
Ms Mead felt the franchise model was the was the “perfect option” for them.
“We met with the franchise team who took us through the process and explained everything in detail,” she said. “It was very quick and easy.
“The Gemini now looks a world away from where it was before the refurbishment. But the best thing is getting the locals back into the pub and in the first month we hosted two parties and had full bookings for Christmas lunch.”
As a teenager Matthew Newbury had high hopes of working behind the scenes in the theatre.
3 comments
the beehive at sprowston hosts 2 pool teams & darts teams but the proposed plans indicate restaurent seating only and no room for the regular teams.not a good idea to alienate the pub locals from the start. the blueboar pub learnt this lesson and have know reinstalled pool tables & dart boards.
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markryder
Friday, January 6, 2012
Great company, Greene King. I remember it when they were brewers. The World does seem to be dividing more into the haves and have nots. I have worked all my life and owe nobody anything. But I cannot fathom how so many people can afford to eat out regularly. A coffee in one of these branded bistros costs as much as a family`s food for the day.
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Mad Brewer
Wednesday, January 4, 2012
If people do not have any money to spare then they cannot spend it in the pub, and with so many anti-drinking, lets tax it out of existance, do-gooders I am surprised that anyone would even consider taking on one of these pubs.
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"V"
Wednesday, January 4, 2012