Punch Pub Company, one of the UK’s most progressive and innovative operators of leased and tenanted pubs, has acquired the Railway Tavern in Tonna, Neath.
The Dulais Fach Road outlet will be integrated into the company’s national estate, which comprises more than 4,000 pubs, and operate on a leasehold basis under the control of new licensee David Jones.
One of David’s first priorities will be to introduce a seven day food offering at the Railway Tavern as well as a summer ‘DIY barbecue’ scheme where customers can buy ingredients from the pub and cook them on its barbecue in the beer garden.
Neil Griffiths, Punch Pub Company’s director of acquisitions, said: “We are always looking for pubs with good locations and potential for development.
“Since August last year we have spent around £1.5million per week on acquisitions, which equates to almost one new pub for every working day.
“Many of these acquisitions came as direct approaches from freeholders looking to sell their pubs quickly and often taking the route of sale and lease back. This gives them a cash injection into the business, while allowing them to continue running the pub.
“The Railway Tavern is a welcome addition to the Punch portfolio and we look forward building up a successful and profitable partnership with the new licensee.”
To aid its acquisitions programme, Punch Pub Company runs a bounty scheme where people can earn a £2,500 reward for spotting an available pub, providing Punch was not already aware of it and goes on to make a successful purchase. For details of the scheme, call 01543 443500.
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