Market Taverns plans estate wide investment across all 14 London pubs
Market Taverns, the independently owned operator behind 14 pubs in London, is pursuing an estate-wide investment programme spanning protective, operational and transformational projects. Chief executive Miles Slade said the pipeline includes a major transformational project at one site, with further details yet to be announced. An initial focus on protections has overlapped with operational improvements at the Market Porter aimed at speeding service, such as repositioning glasswashers, beer fonts and tills. Creating more trading space is a key opportunity, with a focus on maximising capacity during busy periods. Modest changes, such as standing areas or drink shelves, could add covers. All pubs offer food, with two sites operating resident kitchen partnerships; new menus are being rolled out and chefs are encouraged to develop more specials. An elevation project to improve the quality of the offer is underway, and a further transformational investment linked to food is planned at one site. Market Taverns is open to acquisitions, receiving several opportunities each week but yet to find a match. Slade said the group favours London, with North and East London underrepresented. The aim is not rapid expansion but to add around five to ten high-quality pubs, achieving 14 or more that customers value. The firm is also running its first cask ale festival across 11 pubs, featuring 59 beers from independent producers. Source: The Morning Advertiser
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