GK Pub Partners pumps £500k into 25th Hive pub

By Nikkie Thatcher

- Last updated on GMT

Cash injection: the £500,000 investment included a renovation of the Reading pub
Cash injection: the £500,000 investment included a renovation of the Reading pub

Related tags Greene king Pubco + head office Tenanted + leased Berkshire Finance

Greene King’s leased, tenanted and franchise arm Pub Partners has opened its 25th Hive Pub, following a £500,000 investment.

The Rose & Thistle in Reading, Berkshire opened last week (Thursday 24 November), after being closed for more than two years amid the pandemic.

The investment included a renovation to the pub and its garden, which now features beach huts and covered outdoor seating, alongside new wooden furniture.

Sport will be a key focus at the site meaning Sky Sports and BT Sports subscriptions are in place as well as a dart board.

Clear choice

It will have a new menu of pub classics on offer and an extensive drinks list from standard and premium lagers and ciders, stouts, ales alongside a range of spirits, wines, soft drinks and alcohol-free options.

The pub’s franchisee Paul Antony Billington said: “With the proven concept, full backing of Greene King and major investment, taking on Hive Pub as a franchisee was the clear choice for me.

“Plus, I have the security of guaranteed income and share of turnover and profits.”

The franchise concept has a £5,000 ingoing cost where licensees get a weekly paid income, a percentage of food and drink sales, a share in the profits of the pub and the chance to get a bonus.

More openings

Greene King Pub Partners managing director Wayne Shurvinton added: “With our £500,000 investment, the Rose & Thistle is our biggest Hive Pub transformation yet.

“It is another significant milestone in the rollout of Hive Pubs and our franchise team have done a great job. We continue to push forward with more openings.”

In July this year, Shurvinton told The Morning Advertiser ​the business was planning to reach 30 sites this year​ with the Hive Pubs branch.

Hive was launched by the pubco​ in November last year, which at the time it said was “a branded community pub model”.

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