Popular Weston pub sold to local buyer through Christie & Co
Specialist business property advisor, Christie & Co has completed on the sale of Scallys, a well-established wet-led pub on the North Somerset coast, which has been under the same ownership for the past 27 years.
The venue, a two-storey detached building built in the 1930s, enjoys an enviable location in the popular seaside town of Weston-super-Mare, which attracts significant numbers of tourists during the summer months. North Somerset attracts up to three-million-day visitors and 250,000 overnight visitors each year, with Weston-super-Mare being the most popular town in the area.
The pub has been owned by Dawn and Kevin Coupe since 1993 and has built a strong reputation amongst local residents during this time, due to its regular live music nights, along with dart and pool competitions over the winter months. It is also known as being a biker-friendly venue, making it a popular choice for drinks and entertainment amongst the biker community.
Having successfully completed on the sale, Dawn and Kevin are now looking forward to a well-earned retirement on their canal boat, the Grumpy River Pig. The business has been purchased by the Kimitri family, a local buyer who has various investments within the area, including the Bare Grills Smokehouse.
Mr Vas Kimitri comments, “We are very pleased to add Scally’s to our portfolio. The venue will remain closed to undergo a vast refurbishment, bringing it in line with today’s market. It will remain as a bar whilst incorporating a new food offering in a cool and casual environment.”
Nicholas Calfe, Director in Christie & Co’s Hospitality team handled the sale and comments, “It was a pleasure acting for Dawn and Kevin and I am so pleased we were able to secure a cash purchaser in these difficult times, to ensure they enjoy their retirement and after so many years in the trade. They probably need a rest!”
The vendors, Dawn and Kevin Coupe comment, “We are thrilled to have completed on the sale of Scallys. Thank you, Nick Calfe and Christie & Co for helping find the right buyer, it has helped us move on to the next chapter of our lives and we couldn’t have done it without you. We wish the new owners the best of luck and look forward to seeing their plans for the venue come to life.”
Scallys was sold on a freehold basis off an asking price of £325,000.
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
P: 020 7227 0794 or E: firstname.lastname@example.org
Contact the agent:
Nicholas Calfe, Director – Hospitality
P: +44 (0) 776 424 1295