Peach signs 11th site and begins hunt for joint venture partner

The Peach Pub Company has secured its 11th site and launched a search for its next joint-venture partner.

The company will open its second Almanack in Leicester in October after signing a deal with Hammerson at the retail property developer's Highcross leisure development.

The site will have an 80-seat restaurant with additional space for eating at the bar, as well as a private dining room with its own bar for a further 60.

It will only be the company's second new-build pub after the original Almanack opened in Kenilworth, Warwickshire last year.

Peach co-founders Lee Cash and Hamish Stoddart are also looking for their fourth joint-venture partner to invest in the company, which is continuing to expand despite the recession.

"And it won't stop with the one site; we're looking for someone who can take on two or three great Peach pubs in time and really build a profitable business as our partner."

Peach has appointed recruitment firm Cartwheel to run the process with a deadline of 19 June for applications.

Candidates must have solid operational experience in a profitable restaurant, hotel or pub environment, along with a drive to create their own successful business. E-mail jvp@cartwheel.co.uk for more.

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By Chris Druce

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