6/24/2021 | Pubs

Christie & Co retained to acquire new sites for Rileys Sports Bars

Specialist business property advisor, Christie & Co has been exclusively retained by Rileys Sports Bars to acquire multiple new sites and assist in the expansion of the group’s portfolio in the UK.

Rileys is a leading chain of sports bars and incorporates the oldest and only significant remaining group of pool, snooker and darts clubs in the UK. Rileys bars are large format venues, each with a number of quality pool and snooker tables as well as darts lanes. Rileys ambition is to give their clients the best playing conditions in the towns in which they operate, all set in a relaxed and comfortable environment.

In addition, Rileys brings all live sports action to life by showing competitive sport on HD screens around the club, as well as offering a dedicated sports zone serving food with a large cinema-style HD projector. Competitive sport also happens within the clubs by hosting local and national pool, snooker and darts competitions including the Professional Darts Corporation Qualifiers.

The brand is now looking to expand its number of venues in more densely populated areas of cities, introducing new innovative products which will make them stand out in the market place.

On behalf of the group, Christie & Co is seeking large freehold and leasehold opportunities in prime city or town centres across the UK, as well as further premises in London which will complement the company’s existing venues in the capital. Please see editors notes for the full target list.

Suitable properties could include sports bars, industrial units, new developments, former car show rooms, retail stores and office space or shared units with licensed leisure and sports operators. Ideally, 8,000-10,000 square foot of floor space is required, including a minimum of 4,000 square foot of ground floor area. Outdoor space is preferred but not essential.

Rileys Chief Executive Officer, Craig Mayes comments, “We are delighted to be working with Christie & Co. The team conducted a thorough review of our estate when the business was acquired by Weight Partners Capital back in 2014 and their recommendations were instrumental in getting us to the position we are now – we are actively seeking property to expand our coverage across the United Kingdom.”

Neil Morgan, Senior Director in Christie & Co’s Licensed Hospitality team is leading the acquisition drive and adds, “We are delighted to be assisting Riley’s with their business expansion plans. The importance of community-focussed hospitality venues has been recognised all the more over the past year due to the COVID-19 pandemic, so this acquisition project presents an exciting opportunity for the brand. We welcome anyone with a potentially suitable site to get in touch.”

For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
P: 020 7227 0794 or E: bronte.hughes@christie.com

Contact the agent:
Neil Morgan, Senior Director – Corporate Hospitality
P: +44 7831 101 260
E: Neil.morgan@christie.com

Full list of target cities/towns.

Outside London: