Managing Director - Pubs & Restaurants
+44 20 7227 0778 View Team

Pubs

Christie & Co is the leading specialist team of pub agents, valuers and consultants, offering advice on over £7bn of pub assets each year. Our corporate head office is based in London, and supported by a network of 15 regional offices throughout the UK, giving us an intimate knowledge of every local market.

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So how can we help you?

Corporate services

Our corporate offering covers a broad range of services to suit investors and operators in the pub sector. Our services cover the entire investment lifecycle from strategy, to acquisitions, valuation and disposal services, amongst others. Click here to discover our corporate services.

Purchasing a pub?

Becoming a publican is a lifetime dream for many. Whether buying your first pub or expanding your estate, why not register on our website or contact one of our agents now for details of pubs we have for sale? It's free of charge, and we'll email you new pubs that match your criteria as soon as they come onto the market.

Thinking of selling your business?

It's important to seek professional advice early on to ensure that you position your business in the right way. A member of our team will visit you at a convenient time including outside operating hours, if discretion is required, to talk you through the sales process and help you make informed decisions. Our initial advice is free and provided without obligation, on a strictly confidential basis. 

To get an insiders' view of the market and expert advice on how to achieve the best price for your business, speak to one of our pub specialists, or call our Managing Director of Pubs and Restaurants, Neil Morgan.

We can also advise on all aspects of the purchasing process and even help you to raise the capital to fund a purchase or refinance through our sister company Christie Finance.


Formal valuations and a range of other advisory services

Our team of Chartered Surveyors offers a range of valuation and property related services to the pub sector, including:

  • Accredited “Red Book” valuations for loan security purposes
  • Dispute resolution/expert witness assignments
  • Market Rent Only option services (“MRO”)
  • Rent reviews on behalf of either landlord or tenant
  • Freehold 'bricks and mortar' valuations
  • Asset reviews for estate portfolios
  • Rating Advice 

In addition, our Pub and Restaurant Consultancy Team works with a wide range of clients from independent operators to the largest corporate clients. With an in-depth knowledge of the economic, financial and political factors affecting the market, and up-to-date transactional evidence, they are able to support you in making the right strategic decisions. Discover our Pub & Restaurant Consultancy.

For initial advice and to discuss the services we provide, please contact either Stephen Owens for valuation services or Ramzi Qattan for consultancy services.

18%

increase in the number of first time buyers and private operators acquiring pubs
 

85%

of pubs sold by Christie & Co remained as trading pubs

  View all pubs for sale

Market overview

Innovative operators continue to thrive

Operators both small and large found trading conditions mixed during 2017, with a combination of incredibly positive indications of health, along with the frustrations of legislation-induced cost increases such as National Living Wage rises and the business rates revaluation coming into effect in April 2017.

Yet on balance operators generally speaking enjoyed an excellent first half of the year as good weather brought people into pubs at the right times. Simultaneously, the weakened Pound drove inbound tourism across the UK, boosting the hospitality sector as a whole. Managed houses in the main have continued to trade well since, with strong Christmas trading, and tenanted pubs are becoming increasingly popular as both long-term investments and low-cost points of entry for aspiring publicans to enter the market.

Innovation remains high within the sector, with a rise in the number of multiple operators – generally smaller and agiler businesses – delivering improved customer experience and returns as a result. Brewpubs and purveyors of boutique accommodation (i.e. high margin letting rooms) remained incredibly popular ways of diversifying a pubs trade and boosting both performance and value. 

There was considerable interest from investors following the referendum on EU membership, which has created some attractive opportunities. Major deals included the long-anticipated Punch Taverns sale to Patron Capital and Star Pubs & Bars and the sale of Admiral Taverns by US private equity investor Cerberus to C&C and Proprium Capital. Yet the market remains incredibly fragmented, and opportunities for further consolidation remain.
 

Outlook for 2018

We see operational and financial pressures in 2018 being broadly similar to those in 2017, albeit exacerbated by a further increase in the National Living Wage and the uncertain consequences of Brexit. Some business failures are likely as we start to come down from the peak of the cycle, whilst successful operators and investors are likely to use this opportunity to expand. More optimistic operators will continue to innovate, and many will not only survive but grow and thrive.

Our Services

With experience across the entire market, from major players to independent operators, we can offer solutions tailored specifically to our clients' needs.

Independent services

  • Agency
  • Building Surveying
  • Consultancy
  • Development
  • Dispute Resolution
  • Finance
  • Insurance
  • Investment
  • Rating
  • Rent Reviews
  • Turnaround and Recovery
  • Valuation

Corporate services

  • Agency
  • Consultancy
  • Development
  • Turnaround and Recovery
  • Valuation
  • Investment
View All Services