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Gloucestershire Business News

Kingsholm sports bar goes up for sale

Hundreds have already made it their favourite pre-Gloucester Rugby match watering hole - but just weeks after opening the city's newest bar is up for sale.

Adjacent to the main entrance to the county's Cathedral to rugby The Heritage bar has been packed every match day since it opened during this year's Rugby World Cup (and one wonders if it would not make a perfect additional signing for the club itself?).

Capable of servicing 350 thirsty individuals at any one time, the popular sports and live music bar is the work of Gloucester businessman Reg Daldry, who invested £450,000 in converting the former Discount Cycle Warehouse.

Mr Daldry, whose day job is managing director of UK Demolition and Construction ltd, made the shock reveal of his new plans for the business on his social media channels, before speaking top Punchline.

"The truth is, running The Heritage is not for us. And we have just bought two more sites," said Mr Daldry, referring to his conclusions on running a public house and pending jobs afoot at his construction firm. And he intends to focus his efforts on the latter and continuing to grow the successful business.

"The bar has been doing really well. It's already making in excess of £10,000 a week month. We have kitchens which are about to be finished as well, which will allow us to serve tea, coffee and food during the day. We expect that to boost turnover to £15,000 a week."

Its success is not just helped by its close proximity to the ruby ground. While the Horse and Jockey pub remains opposite a few yards further up the road the Queen's Head closed unexpectedly before the start of the new rugby season.

Asking price is in the region of £700,000 (freehold) for The Heritage bar. Conversations are understood to have taken place with a major brewery and a well-known Gloucester business - but nothing is agreed yet.

As for the two Gloucester sites calling for Mr Daldry's attention - we can tell you one is on Bristol Road, one of Worcester Street, and both involve flats. Watch this space - on all counts.

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