Wear Inns has completed its refurbishment programme and is eyeing growth, with offers in on four sites.
Chief executive John Weir said the company was seeing strong results from a series of investments across the 26-strong estate with like-for-like sales up 3.5% as the company approaches the end of its third quarter.
He said: “Food sales continue to show the biggest growth but drink sales have been really healthy too. It’s been sold trade all the way through the last few months. The Rugby World Cup didn’t really do much for us but it didn’t damage us either.”
On the refurbishment programme, Weir said: “We are a small company and so we have to make sure we spend our money wisely. We’ve been really pleased with sales uplifts we’ve seen after investment.
“We’re now in a position where can focus all our attention on growing the estate.”
Weir said he had been actively looking for single site acquisitions and was positive of movement in the New Year.
He said: “We’ve looked at a lot of sites – with some the expectations were a little beyond us and others, the demographics just didn’t fit. We are very keen to grow but not at any cost. I think the offers we’ve put in are fair and we can do something with the sites.”
