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News Article Comments : Peach opens first city centre pub
Peach has unveiled the latest addition to its pub estate — an £800,000 investment in a new build site, the Almanack in Leicester city centre.
The new pub is Peach’s eleventh and is leased from Hammerson, the developers of the city’s flagship High Cross retail and leisure centre complex.
It is the second Almanack to be opened by Peach and will be followed in two weeks’ time by the launch of the company’s first wet-led operation, the James Figg, in Thame, Oxfordshire.
The 3,800 square foot unit Almanack will have covers for 120 diners plus a 60 seater private meeting room and provide jobs for 25 full and part-time staff.
“This is probably our most ambitious project to date and the first venue we have ever located in a city centre,” said Peach’s co-founder Lee Cash.
“We are breaking new ground in something which represents a slightly different retail product for us.
“Our big challenge here is to make the Almanack a destination venue and encourage a middle class audience to travel i
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Phil Johnson 17/11/2009 11:30:43  |
RE: Peach opens first city centre pub £800,000? -centre of Leicester? -£100,000 per annum rent? Oh dear me. They haven't done their calculations right at all on this one! The new Hghcross Centre = £354m investment last year and now the local papers are urging people to use it more often. "The Curve" theatre, built at 7 x's the original estimated cost (£35.4m to the taxpayers), not as nice as the old Haymarket theatre and very pricey-local papers urging people to use it more. After the initial furore of opening etc they are struggling for customers! We have more empty 'prime office space' (which was supposed to attract all manner of businesses) here than London as rents & rates are so high. City centre pubs closing down due to lack of custom due to smokeban. (One highly intelligent BDM told a licensee to sell "Mars Bars & Kit-Kats to supplement her meagre turnover-she walked out 2 weeks later!) City centre pubs not opening in the daytime and many closing early at night, need I go on? Leicester city centre is full of immigrants nowadays which is exactly why I and many others no longer go there. Born & bred English white folk are a minority faction nowadays. Add to that all the cheap offers of decent food from cafes, Chinese restaurants (eat all you like for a fiver), Indian restaurants (similar), kebab shops, chip shops etc and the future does not look bright. As with many areas of this once proud country unemployment is rife as the dole queues get longer by the week! The initial bookings of tables will fall away as usual and it will just become another struggling pub where once the prices are dropped to suit local pockets, the wino's will invade! I hope whoever is running the place is on a guranteed monthly income because then they won't have to worry where their wages are coming from a few months down the line! edited by: Phil Johnson at: 17/11/2009 11:43:05 This post replies to this thread |
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Sam Bailey 19/11/2009 23:46:03 |
RE: Peach opens first city centre pub It does make you think, doesn't it? Who does the better financial evaluation? The person investing 800k, or the bitter fool criticising them? This post replies to Phil Johnson > RE: Peach opens first city centre pub |
