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Major update on Wetherspoons closure plans as another pub goes on the market

18 June 2024 , 08:16
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Check if your local Spoons is at risk of closing
Check if your local Spoons is at risk of closing

WETHERSPOONS has put another pub on the market and almost a dozen more are still at risk of closing.

Locals could lose as many as 11 Wetherspoons drinking spots, which remain up for sale or under offer.

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Wetherspoons has put another branch up for sale with more at risk of closingCredit: Getty

Pubs in Cardiff, Cornwall and Bristol all remain on the market.

And now, The Bank House in Cheltenham has become the latest Wetherspoons branch to be put up for sale.

It has been listed through property consultants KBW, with a price tag of £2,800,000.

Widow brings pillow with late husband's face on it to pub every New Year's EveWidow brings pillow with late husband's face on it to pub every New Year's Eve

Wetherspoons does not own the building outright and currently pays £157,000 a year in rent to occupy the building.

The Sun has contacted Wetherspoons for comment.

It comes after Wetherspoons, which has 809 pubs across the UK, confirmed that 18 pubs were sold, or surrendered to the landlord between January and May this year.

As it stands, three pubs are up for sale through estate agent Savills, and seven are under offer.

If a pub is under offer, it means that a buyer has presented an offer that is being considered by the seller.

It doesn't mean that the sale is guaranteed, and it could remain open if it doesn't complete.

The four pubs that are up for sale are:

  • The Ivor Davies, Cardiff
  • Thomas Drummond, Fleetwood
  • The Quay, Poole
  • The Bank House, Cheltenham

The seven Wetherspoons branches that are currently under offer are as follows:

  • Jolly Sailor, Bristol
  • Alfred Herring, Palmers Green, London
  • The Regent, Kirkby in Ashfield
  • The Sir Daniel Arms, Swindon
  • The Hain Line, St Ives
  • Foot of the Walk, Leith
  • London and Rye, London

The Cross Keys in Peebles, Scotland and The Bear's Head in Penarth have been removed from sale after shutting their doors for good in recent weeks.

Meanwhile, The Sun can exclusively reveal that the The Wrong ‘Un in Bexleyheath has been removed from sale and will remain as a Wetherspoons.

Gangsters ‘call for ceasefire’ after deadly Christmas Eve pub shootingGangsters ‘call for ceasefire’ after deadly Christmas Eve pub shooting

But it's not all bad news for drinkers, as the chain also opened two pubs this year.

The Lion and Unicorn opened at London's Waterloo station in early April.

Plus, Wetherspoon opened its first pub at a holiday park at Haven’s Primrose Valley in Filey, North Yorkshire in March.

In an exclusive interview with The Sun, Wetherspoons boss Sir Tim Martin he is planning to ramp up plans to launch "Super Spoons" pubs - making existing sites even bigger.

It has recently made a big bet on giant pubs, such as its one in Ramsgate which can cater up to 1,400 punters.

And work on its “Super Spoons” in Newcastle is now underway which will include a 26-bedroom hotel and 3,000 sq ft beer garden.

What is happening to the hospitality industry?

Many Food and drink chains have been struggling in recent months as the cost of living has led to fewer people spending on eating out.

Businesses had been struggling to bounce back after the pandemic, only to be hit with soaring energy bills and inflation.

Multiple chains have been affected, resulting in big-name brands like Wetherspoons and Frankie & Benny's closing branches.

Some chains have not survived, Byron Burger fell into administration last year, with owners saying it would result in the loss of over 200 jobs.

Pizza giant, Papa Johns is shutting down 43 of its stores soon.

Tasty, the owner of Wildwood, said it will shut sites as part of major restructuring plans.

The brand plans to close 20 loss-making restaurants after a “challenging” start to the year.

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Olivia Marshall

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