11/26/2019 | Hotel Mortgages

Christie Finance help established caterers with purchase of a Public House, through Christie and Co

Commercial Finance broker, Christie Finance have obtained funding for purchase of the Holcombe Inn, an 11 Bedroomed 5* Country Inn Hotel with an award-winning restaurant located in Holcombe, Bath, which was brought to the market by our sister company Christie & Co.

The Holcombe Inn has been purchased by Caroline Gardiner & Alan Lucas of Lucas Gardiner Ltd, a London based creative catering, consultancy & event company. The new owners have worked in London for the past 25 years and will bring a wealth of experience to their new home in Somerset.

In 2014 Caroline and Alan established bespoke catering company; Lucas Gardiner, which has grown rapidly over the last 4 years. Caroline previously trained at L’Ecole de Cuisine Francaise in Sussex, before embarking on her career in catering. Alan has over 20 years’ experience of fine dining cuisine having worked in restaurants and hotels, including the Mandarin Oriental.

Caroline will run the operations and logistics side of the company whilst Alan and his team of chefs will focus on the food production aspect. They both pride themselves on their love of seasonal British food and the menus will be littered with culinary classics reinvented for a modern audience all whilst ensuring that the best quality ingredients are always at the forefront.

They commented; “The plan was always to move away from the hustle and bustle of London and create something unique and food led in the countryside and we were very lucky to find The Holcombe Inn that is already a very established food led business with a great team and ethos. We are looking forward to working closely with our chefs & local suppliers to produce modern, contemporary, seasonal food using ingredients from our own gardens. We are also delighted to inherit a fabulous team of staff who seem to always get great reviews and we are delighted to be working alongside them”.

Gary Boyce, Director at Christie Finance, arranged finance for the buyers and commented “Recognising Caroline and Alan’s significant experience in the sector and given their success at forming and growing Lucas Gardiner Ltd, we were able to build a compelling business case to present to banks on their behalf. The Holcombe Inn enables them to use their expertise and contacts to expand the already profitable and popular business. The addition of a quality event catering offering alongside the core business will further diversify income and awareness and I expect this to be a great success.”

Nicholas Calfe, Director (Licensed) at Christie & Co, handled the sale comments “This sale demonstrates the continuing demand for quality freehouses and the importance of having a mixed income stream, highlighting the importance of the bedroom trade, which the Holcombe Inn enjoys. The three income streams ensure you attract your local drinkers and diners, destination food trade with the quality letting rooms drawing people from across the country, particularly weekenders from London.”

“We worked closely with the vendor to guide them on what they needed to prepare and make available the necessary information to ensure the sales process went quickly and smoothly. My clients were proactive and organised in this regard, we were able to achieve completion within three months of the offer being accepted.”