Brakspear has bought its first pub on a sale and lease back basis, purchasing The Running Horses in Mickleham, Surrey. Owners Steve and Josie Slayford become the lessees at the award-winning pub.
The Slayfords have been at The Running Horses for 17 years, initially as lessees before buying the freehold in 2009, and have turned it into a successful food-led pub with five letting rooms. It was recently named ‘Surrey Dining Pub of the Year’ in the Good Pub Guide for 2013, cementing its reputation for top quality food and service, combined with a thriving traditional bar. Sited close to Box Hill, the pub does a brisk trade with walkers and others visiting the popular landmark.
“Selling to Brakspear gives us the best of both worlds,” said Steve. “We continue to run the pub, which is what we love doing, but now we can invest in the business again. Brakspear’s designer has already started to work on a refurbishment, which will refresh the dining areas and give them a more informal feel.
“We had a few expressions of interest in the pub, and we chose to sell to Brakspear because we like the way they do business: it feels like a partnership where we’re given a lot of autonomy in how we run the pub and they give us the support we need to do it well.”
Brakspear chief executive Tom Davies added, “We’re delighted to be adding The Running Horses to our estate: it’s a great pub with a fine reputation, thanks to the sterling work by Steve and Josie over many years. With the forthcoming refurbishment, and other support we can offer them, we’re confident they will make the pub even more popular and successful.” Brakspear and the Slayfords are jointly funding the pub refurbishment of around £50,000.
This latest purchase is the seventh by Brakspear since July this year and brings the total number of pubs in the estate up to 148.
Caption to attached image: (l-r) Steve and Josie Slayford, lessees at The Running Horses, with Tom Davies of Brakspear
Notes to editors:
- Brakspear as it exists today was formed in 2007 when the Brakspear family sold its interest in the company’s 100+ pubs to JT Davies, who owned 50 pubs. Most of the 148 pubs in the combined estate are now branded Brakspear and sell Brakspear beers. The Davies family is closely involved in running the business.
- The company’s heartland is in and around Henley-on-Thames, Reading, Berkshire, Oxfordshire, Middlesex and up the M4 corridor into London. The estate’s furthest reaches are Northampton to the north, Chichester to the south, Dover to the east and Salisbury to the west.
Issued on behalf of: Brakspear
By: ShielPorter Communications
Further information: Ros Shiel