Fuller’s has further strengthened its managed pub estate with the acquisition of The Gun in London’s Docklands from the ETM Group for an undisclosed sum, MCA has learnt.
The sale of The Gun leaves ETM operating nine sites in London and the Six Bells near Sudbury, Suffolk.
The Coldharbour-based The Gun has been a public house for over 250 years. In 2001 a fire destroyed much of the interior of the old building and the pub remained closed for three years, before ETM founders Tom and Ed Martin acquired the premises.
They spent about nine months restoring the Grade II-listed building in close consultation with English Heritage and re-opened the doors in 2004.
Tom Martin said: “After 12 years of buoyant trading, the decision to sell The Gun is part of a strategic overview of the business that includes the opening of three new central London sites later this year.
“The success of The Gun is due to the consistent excellent quality of service, food and drink as well as its unrivalled riverside location. We have thoroughly enjoyed being the proud guardians of the 200-year-old Grade II listed property since 2004 but are delighted that Fuller’s are now taking the helm and are confident that they will maintain the venue’s high standards as they do in all of their London pubs.”
Fuller’s chief executive Simon Emeny told MCA: “The Gun is a wonderfully iconic pub on the banks of the River Thames overlooking the O2 and the Greenwich Peninsula. It is popular, well-known and held in high regard for its exceptional food and location. Opportunities to buy pubs like The Gun don’t come along every day and we are delighted to add this London gem to our portfolio.”
There will be no redundancies, current staff will remain and all existing bookings will be honoured.
The Gun currently comprises a 40 cover dining room in the main bar, a back bar with two snugs, two dining rooms for private parties and a riverside terrace that seats 40.
There is also a large outdoor terrace to the right of The Gun which is opened for events and private summer parties from May-September.
Last month, Fuller’s reported like-for-like sales growth in its managed estate of 4.8% during the year to 26 March 2016. Total revenue in the managed division grew by 12% to £238.4m.
At the end of its financial year, the company operated 191 managed sites.