A WOODLEY pub will be given a facelift as part of a thorough overhaul.
The Good Companions, on Loddon Bridge Road, is currently a Greene King pub, but the firm is currently advertising for new landlords to come forward and reopen it as part of its Hive brand.
Each pub under this marque is set up by Greene King, and is run as a franchise.
The company aims to convert 170 sites to the Hive brand over the next five years, including the Goodies. More than 30 have been converted so far.
Greene King said, when announcing the brand in 2021, that the pubs would offer an innovative range of drinks including craft beers, a food menu with pub classics and regular entertainment from live sport to quizzes, music and events.
As well as giving an internal and external makeover worth up to £300,000, the brewery takes liability for the property and pays all running costs including stock and supplies, marketing, training and ongoing support. The franchisee receives a guaranteed annual income as a management fee, plus a percentage of the weekly sales, with bonuses also available.
At the time, managing director for Greene King Pub Partners Wayne Shurvinton said: “This is a new format where the franchisee gets an invested ready to go pub with a lower risk from inception and going forward.
“It’s a model where we want our franchisees to feel part of something bigger, with the collaborative relationship with our talented team supporting them and backed by the scale of Greene King.”
In its advert for The Good Companions, Greene King say they plan to completely refurbish the pub and, in doing so, will “create a pub of which the community can be proud”.
The advert adds: “We will be investing in refurbishing the pub both inside and out and will be converting a part of the existing car park to form a new beer garden with a covered pergola which will increase the current garden space significantly and improve the layout of the current external trade space.
“Internally we will achieve some structural alterations to include a new side entrance and lobby and increase the size of the current sports area.”
And to make the plans complete, they are looking for an experienced pub manager to step and become the franchisee.
It has a forecasted turnover of £535,000, and a forecasted profit of £40,000.
For more details, log on to: https://www.greenekingpubs.co.uk/pub-to-let/good-companions-reading
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