Everards chief executive Steven Gould has told MCA there could opportunities for 40 acquisitions over the next four years if the sale of its current brewery site goes ahead as expected.
The Leicestershire brewer and tenanted pub operator recently secured planning permission for its Castle Acres estate, which marks a crucial next phase in its plan to move to a new £30m purpose built site at nearby Soar Valley Way, which will include a smaller brewery, pub, restaurant, coffee roaster and cycle centre.
Having earlier this week secured full enhanced planning permission for the site, which allows for 290,000 sq ft of retail development on the Fosse Park estate, Everards is now negotiating a deal for the sale with owner Crown Estate, which if successful will unlock the brewery’s next phase of growth.
Gould said he was confident they would be able to sell the prime site, which is on one of the biggest out of town retail parks in the UK, but said they also had another option if it failed, and could move to business park Optimus Point, which is currently being fitted out as a logistics centre for the brewery.
Everards will continue to target sites in its core location, within a 70 miles radius of its headquarters on the outskirts of Leicester, including parts of Buckinghamshire, Derbyshire and Shropshire.
Gould said the building of the new site depended on the sale of the current site.
He said: “We can’t do one without the other. Hopefully the sale will be concluded within the next few weeks.”
Everards hopes to be in the new site by Q4 2018, with foundation work currently underway.