The pub has sat empty since January 2019. It is being taken over by the independent Beautiful Pubs Collective under the leadership of Sam Hagger, who was named Small Business Executive of the Year as well as overall Leicestershire Business Executive of the Year at the Leicester Mercury's 2018 Business Executive Awards 2018. The group has made its name by spotting the potential in under-performing pubs and redeveloping them with an unwavering eye on quality in terms of offer, service and finish.
Works are already underway in a joint £110,000 redevelopment, with the investment being shared between the Beautiful Pubs Collective and the pub's freehold owner, Everards of Leicestershire. Hagger is keeping his cards close to his chest at the moment and will not be drawn on the concept for the refurbished venue. However, he is keen to insist that there will be no duplication between his company's new venture and their other Beautiful pubs.
“You can expect a stunning pub, offering multiple reasons to visit under one roof” smiled Hagger. “Despite the current political and economic uncertainties there has never been a better time to invest in Leicester. I believe the King Richard III is the perfect opportunity for us to create a unique, exciting venue in the heart of the city, alongside our forward-thinking property partner.”
The revival of the King Richard III will give existing members of the Beautiful Pub Collective new opportunities to flourish in their careers, as well as creating five full time and five part time jobs.
Work on the venue is expected to be completed by mid May, and more information about the new concept driving the development will be released in due course.