Batemans, the family brewer based in Lincolnshire, has purchased The Olive Bar & Grill in Barnby Dun, Doncaster, at an investment of more than £900,000. This is the company’s first major acquisition since the employment of its new Retail Director, Linda Green and is a key step in its on-going development plan to build the managed division of its business.
The Olive Bar & Grill currently generates a turnover in excess of £1million per year and will become Batemans’ second managed house. It boasts a strong food menu and is very popular with female customers, whilst also offering seven letting bedrooms. Batemans intends to trade the venue in its current format for the foreseeable future and will be retaining all the existing employees, while also investing £40,000 into on-site staff accommodation.
Managed division
With The Olive Bar & Grill, Batemans plans to build on the success of its first managed house, The Game Bird in Beverley, which the brewer saved from demolition in March of this year. As has previously been announced, Batemans intends to increase the number of managed houses in its estate to 15 over the next five years.
Already hugely popular
Brian Stevenson, Manager of The Olive Bar & Grill, said: “We’re really excited about becoming part of the Batemans family, and it’s been fantastic to see how keen Batemans are to support us and our existing employees. The Olive Bar & Grill is already a hugely popular site, and we’re sure that with Batemans’ help, we can make it even more so. The whole team at The Olive Bar & Grill are hugely passionate and aim to consistently deliver the best service and food possible. We are thrilled to be adding Batemans’ craft beers to our existing drinks offering and we believe these will be hugely popular with our customers.”
Linda Green, Retail Director for Batemans, commented: “The purchase of The Olive Bar & Grill is something of a realisation of a dream for Batemans, as we extend our portfolio to include a site that is very different from what we currently offer. When it comes to acquisitions, most would expect us to choose a traditional ale house, but The Olive Bar & Grill is a complete departure from that, and one we know we can make a real success as a managed house. We look forward to continuing with our acquisition drive throughout the rest of 2015 and beyond!”
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