'The pubs will continue to operate as Wetherspoon outlets until they are sold'
JD Wetherspoon has put 32 pubs up for sale. The news comes in the wake of a previous announcement by the chain which said it could face loses of £30 million due to rising staff wages and pub repairs.
It is understood that 'commercial' reasons are behind the firm's decision to try and sell the venues. The pubs on the market will continue to operate at Wetherspoon outlets until they are sold. Spokesman Eddie Gershon said: "This is a commercial decision. We understand that customers and staff will be disappointed with it. The pubs will continue to operate as Wetherspoon outlets until they are sold."The venues are being marketed by commercial property specialists CBRE and Savills, Mirror Online reports. None of the pubs currently up for sale are in Lancashire.
CBRE senior director Toby Hall said: "The excellent mix of locations in this portfolio is rarely seen in the market. With more than half of the portfolio located in London and the south-east and other strong locations in the south-west, Midlands and the north of England we believe the pubs represent an excellent opportunity for existing pub operators and new entrants".
JD Wetherspoon employs 43,000 people nationwide and made a £76.6million profit in 2020. Last year, chairman Tim Martin came under fire as some of his 872 branches ran out of beer.
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