At a recent steering group meeting Stuart and Lynda told us about an exciting new development. A prospective buyer has come forward with a firm interest in purchasing the pub as a going concern.
A fellow member of the Society of Independent Brewers involved in the brewing industry locally, the prospective buyer is known to Stuart and Lynda and shares their values and passion for real ale. Stuart and Lynda believe that such a sale would be a good solution for all concerned: it would achieve their objective of maintaining the current ethos of the pub and enable ownership to be transferred relatively smoothly and easily.
Stuart and Lynda will be having detailed discussions with the prospective buyer and if these progress well there will be an opportunity for the community to meet him at an event to be held at the Prince of Wales. As this seems to be the best way forward, we are not currently pursuing a community share option. However, the situation may change and we will in any case keep you updated. Be assured that things are looking positive at present for retaining a pub that meets the needs of the community.
Thank you for showing your support for the Prince of Wales pub.