Search

Owner of two Norwich pubs eyes expansion after strong year

PUBLISHED: 13:48 17 January 2018 | UPDATED: 17:55 17 January 2018

St Andrews Brewhouse in Norwich. 
Picture by SIMON FINLAY.

St Andrews Brewhouse in Norwich. Picture by SIMON FINLAY.

The company behind two Norwich pubs has said it is aiming to double its portfolio after floating on the stock exchange.

The City Pub Group, which owns St Andrew’s Brewhouse and Georgian Townhouse, was admitted to the AIM in November, freeing up funds for future acquisitions.

The group said it would double its stable of 33 pubs and restaurants over the next three to four years.

Last year saw a strong performance from the business which said like-for-like sales were up by 3.8% with total turnover at £37.4m, an increase of 34% on the year before.

Clive Watson, executive chairman of The City Pub Group, said: “Trading was robust over the festive period and throughout 2017. Our new openings are performing well and we are excited about our recent high-quality acquisitions. We continue to seek and find a ready flow of acquisitions to build the group and we are close to exchanging on further units.”

Search hundreds of local jobs at Jobs24

Management Jobs

Show Job Lists

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy

Insight

A property opportunity for wine lovers has come on to the market in Norwich.

Ask for help, be ready to change direction and love what you do, says Lisa Angel, as she lays out 11 pieces of key advice for aspiring start-ups.

Celebrating Success

cover

Enjoy the
Celebrating Success
digital edition

Read

Green 100

cover

Enjoy the Green 100
digital edition

Read

Meet the Team

Mark Shields

Business Editor

|

Chris Hill

Agricultural and Farming Editor

|

Business Most Read

Awards

Norfolk Future 50 EDP Business Awards Green 100