Star Pubs & Bars will invest £14.2m in its Just Add Talent (JAT) managed operator pubs in 2019, it has been announced, increasing the number of venues to 150 by the year end.
More than £12m is to be spent converting pubs to meet the quality and criteria needed for the JAT managed operator-style of business, which includes an average of £30,000 on both kitchen equipment and EPOS systems; £1.2m is also earmarked for upgrades of existing JAT sites and £1m for pub gardens.
The investment is on top of the £3.5m spend on 87 former Falcon pubs in the last quarter of 2018 – including the installation of improved cellar equipment, coffee machines, and energy efficient measure – and all operators and staff at the invested pubs undertook refresher training on retail standards and food.
“We’re committed to building a strong managed operator pub model within our estate, which we see as hugely beneficial to our core leased and tenanted business,” comments Lawson Mountstevens, managing director of Star Pubs & Bars.
“We know that our licensees want more help on saving costs and driving sales. Our JAT model helps us do this by trialling new initiatives and improving deals with our suppliers.
“It also gives our business development managers more detailed insight into daily pub operations, which helps to improve the business building support they provide leased operators.
“We are a predominately leased and tenanted business, and it is our intention to remain so.
“Our ambition is to ‘Build Britain’s Best Pub Company’ and within that for JAT to be the preferred managed operator agreement. This investment helps us to achieve that.”
(Image: The Centurion, Chelmsley Woods, which reopened at the end of 2018 following a £400,000 investment)