As you know we have drafted a a share offer where we ask for the community to invest in saving the pub ready to go out.
Before we can run the share offer which is supported by our business plan with all the financial detail, we obviously have to agree a price with the owners.We’ve been negotiating and have just offered £440,000 at the current time with the agreement of our funders, as the maximum we can go to.
This is very close to the pre COVID asking price of the pub and we feel it is more than generous and a price we have been professionally advised upon by our various professional advisers to increase our chances of success in buying and eventually saving and running the pub. Currently we have no agreement from the owners but are waiting to hear back from them.
We will keep you updated and thank you for your support.