A high profile cocktail and events venue is on the property market as the owners 'evaluate several options for the future of the business'.
A high profile cocktail and events venue is on the property market as the owners "evaluate several options for the future of the business".Albert & Co's Frankville, in Shrewsbury is a part of a group of night time venues including Albert's Shed but the owners say they are having to focus on their bigger venues.
David Gregg, the company's general manger, confirmed that Albert & Co Frankville at 128 Frankwell, Shrewsbury is currently being marketed for sale by Sidney Phillips.He said:"As the current lease on the premises nears its renewal date, we are evaluating several options for the future of the business, one of which is potentially disposal which is why it is currently listed, predominantly to gauge interest.
Mr Gregg said:"The business has historically performed well for us and continues to do so, particularly with private hire functions and ticketed events however, with a brand new venue, Albert & Co Fairground, set to open in Southwater, Telford, alongside our existing Telford Albert’s Shed venue, we are mindful that we operate with a small but talented management team and the added pressure of another large venue may well require us to focus solely on our larger, higher volume venues.
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