Coliseum

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Related tags: Greatest hits, Birmingham, World cup

eyes Old Monk sites The Coliseum Group confirmed this week that it was taking a close look at some of the Old Monk sites now up for grabs since the...

eyes Old Monk sites The Coliseum Group confirmed this week that it was taking a close look at some of the Old Monk sites now up for grabs since the troubled pubco was placed into administration. The news that it was interested was first revealed in last week's Morning Advertiser. It's understood to be particularly focusing on the 10 Springbok bars that are among the assets to be sold off. They would be relatively easy to convert to the sports café concept Coliseum is committed to expanding. A spokesman commented: "They would be a short-cut to developing more units." But Coliseum itself is not in the best of financial health, and recently posted a £600,000 loss. The two existing sports cafés in London and Birmingham, though, have been hitting their targets, the former raking in spectacular sales of £140,000 during one week of the World Cup this summer. Other venues are planned for Manchester and Leeds. "If the Old Monk sites are not available at the right price, we won't go there," Coliseum added. Laurel, meanwhile, ruled itself out of the running this week.

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