Food & Fuel Expands with Another Site in Putney
January 26, 2012
The Prince of Wales, a highly-regarded dining pub located in Putney, has been sold to Food & Fuel Ltd by leisure agents Davis Coffer Lyons.
The pub, located on Upper Richmond Road, SW15, was sold by Etive Pubs Ltd, operators of the award winning Bull & Last near Hampstead, North London. Food & Fuel has purchased the leasehold interest of the property, adding to their existing portfolio of five gastro pubs, four café bars and one sports bar in London, including the Lots Road Pub and Dining Room and the Coco Momo venues.
Etives owners are now expanding to other business interests which include BarMade (www.barmade.com), a fledging leisure training and recruitment service, and El Colo Ibiza, a luxury boat charter company based in the Balearics. Back in London they are searching for a prime West End restaurant site for an English tapas small plate concept.
Food & Fuel is headed up by one of the industrys most respected entrepreneurs, Karen Jones CBE, previously Chief Executive at The Spirit Pub Group and co-founder of the Café Rouge restaurant chain. Jones is supported by former Spirit Executive Jo Cummings and Peter Myers.
Chris Bickle, Associate Director at Davis Coffer Lyons, said, The Prince of Wales generated huge interest from the market, chiefly because it offered an extremely strong business and it presented to a very high standard throughout. This is one of many trophy leasehold premium deals that we have concluded within the last 12 months which bodes very well for this niche market in 2012.
In October last year, the Bull & Last gained a highly sought after 5 Star rating in Time Out as well as winning the Observer Food Monthly award 2011 for Best Sunday Lunch. The Prince of Wales was purchased by Etive in mid 2007 on the back of the Spirit/Punch lease transfer project. After a substantial refurbishment the former managed site was transformed into a stylish dining pub that offered an accomplished menu that won rave reviews from both the industry and customers. The pub features a comfortable bar area seating around 65 with a separate dining area to the rear for around 40. Dozens of pewter mugs adorn the bar whilst the animal heads and decorative antlers hint at the game orientated menu at the restaurant.