Red Oak Taverns hits 210 pubs
The business was founded in 2011 by Aaron Brown and Mark Grunnell and is an entrepreneurial national pub company, comprising more than 200 largely leased and tenanted pubs.
The duo continue to provide the majority of the day-today executive management resource to the group.
Perfect fit
On the latest purchase, Red Oak Taverns property and acquisitions director Graeme Bunn said: “This single site pub acquisition is a perfect fit with our current estate.
“It is operated by experienced pub operators, mother and daughter Gill Walker and Michelle Bayliss of the Little Pub Company, which has nine pubs and we look forward to working with them as tenant partners.”
Fleurets acted on behalf of the seller and managed the sale to Red Oak Taverns, increasing its estate to 210 pubs.
Earlier this month (February), the business revealed it bought two venues in the Midlands and one in the south west of England from Marston’s.
On the trio purchase, Grunnell said it was a great start to the year with the company’s continuing acquisition programme, enhancing its growing pub estate.
Diverse portfolio
He added: “By focusing on multiple and single site pub packages, we are evolving our diverse portfolio, providing unique and flexible pub opportunities within the sector.”
In the same month, Red Oak made its second purchase of 2023 as it exchanged contracts to purchase the freehold of the Thomas Wolsey pub in Ipswich.
Furthermore, last year the business refurbished a Leicestershire pub following a joint investment with its new licensee Henry Coakley.
The site’s fresh look included new furniture, flooring and bar layout while the exterior featured new signage and lighting with heated après ski-style tepees in the garden.
Moreover, at the end of 2022, Red Oak Taverns completed the acquisition of a Hampshire pub. The Temple Inn, Liss was a former Red Mist Leisure operated site.
