29 November 2023

Remarkable Pubs adds ex-Antic site to estate

Remarkable Pubs, the London operator, has added to its estate in the capital after acquiring a former Antic Pubs site in Leyton. The 15-strong Remarkable has taken on the former Leyton Technical pub, which was operated by Antic until late last year. Remarkable is to reopen the pub as the Leyton Engineer early next year. In the spring, the company reported turnover of £6,480,353 for the year ending 30 June 2022, up from £2,989,443 in 2021 and exceeding the £6,128,812 reported in the last full year before the pandemic, ending 30 June 2019. It also returned to profit in the period, reporting a pre-tax profit of £466,432 compared with a loss of £365,215 in 2021 (2019: profit of £987,349). Michael Penfold, of AG&G, acted on behalf of the landlord on the Leyton deal.

AG&G are chartered surveyors specialising in the licensed leisure industry, with the skill and experience needed to value, assess or promote a property not simply as bricks and mortar but as a business. If it involves the price of a licensed premises, its profitability, rental value, investment prospects or value in a dispute, AG&G can help.

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