£11.5m price tag for Speratus Group
Garreth Wood has put six of his Scottish pub venues in his Speratus Group up for sale. On the market are 99 Hanover Street, Auld Hundred and the Golf Tavern in Edinburgh and Paramount Bar, the Illicit Still and Nox in Aberdeen. Offers in excess of £11.5m are sought. Speratus will turn its focus to expanding its philanthropic Boozy Cow burger concept and has just completed the purchase of a site in Stirling and has plans to open two more restaurants this year. The group has said that all the profits from the Boozy Cow will go to charity. In February the first Scottish charities to benefit from a share of the £263K profit from the Boozy Cow’s Aberdeen and Edinburgh burger bars are the ARCHIE Foundation, VSA, CHAS, STV Children’s Appeal and the Youth and Philanthropy Initiative. Christie & Co is handling the sale of the pubs.