Yesteryear plans to unload nine bars
Yesteryear Pub Company, founded by Tony Callaghan, is selling nine of its north-west sites prior to embarking on a change of strategic direction.
Yesteryear has put up for sale eight sites across Lancashire, including the Bowling Green and Number Fifteen in Ashton-under-Lyne; Maloneys in Bolton; Number Fifteen in Chorley; Maloneys and Number Fifteen in Oldham; the Jazz Bar in Preston, and Maloney's in St Helens; plus Number Fifteen in Macclesfield, Cheshire.
"All are viable going concerns, some with recent significant investment - and we expect to sell them in a seamless process," said Callaghan.
"I have been carefully assessing and considering the direction of my business for some time, and I have now settled on a clear-cut plan from the perspectives of both geography and the type of bar I want to be owning and operating.
"I have identified precisely the bars I want to acquire, and they tie in very closely, if not perfectly, with the way I see Yesteryear progressing.
"Once I have sold the nine bars I've named, I'll have the time and space to be able to move Yesteryear in the direction I have planned."
The properties are being marketed by Christie+Co.
Yesteryear currently owns 25 bars, several branded Fifteen, the remainder comprising unbranded, independent pubs and bars.
The properties are being marketed by Christie+Co.
The company emerged from a brief period of administration last year with Callaghan buying the vast majority of its sites. The pubs are being marketed by Christie & Co.
