Cross Oak Inns up for sale for up to £5m

19 April 2013 by
Cross Oak Inns up for sale for up to £5m

Pub operator Cross Oak Inns, which operates four food-led pubs in southern England is up for sale for up to £5m.

Christie + Co has been appointed to "review strategic opportunities" for the company, which could involve the disposal of the entire issued share capital, or the individual assets.

Cross Oak Inns is an Enterprise Investment Scheme (EIS) company, founded in 2004, that acquired, developed and operates a four freehold, free-of-tie managed pub restaurants in southern England. The four sites are:

• The Ostrich in Colnbrook, Berkshire
• The Poacher in Tudeley, near Tonbridge, Kent
• The Kings Arms in Ockley, Surrey
• The Inn on the Pond in Nutfield, Surrey

Neil Morgan, director and head of pubs for Christie + Co said: "The four assets of Cross Oak Inns plc represent the flavour of the quintessential English country pub, attracting a loyal, local customer base and serving as destination food-led pubs for out-of-town visitors. With over £1.5 million already invested in refurbishment of the portfolio and various planning permissions, the portfolio represents an excellent opportunity for potential buyers to either expand their estate or acquire a scalable platform in the sought-after managed house sector."

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