The new owner of The Atrium in Grantham has pledged a £725,000 investment to turn the premises into a job-creating modern community pub.
The Atrium, in High Street, has been bought by Blackpool-based pubs operator Amber Taverns after former owners Fairway Investments went into administration.
Our plan is to create a modern community style public house with a contemporary twist.Gary Roberts, operations director
The venue was run by LT Management on behalf of administrators FRP Advisory before being bought by Amber Taverns in November last year.
Amber has submitted a licensing variation application to South Kesteven District Council to allow the redevelopment of the premises.
The new owners are promising a new look, new jobs and even a new name.
Gary Roberts, operations director for Amber Taverns, said: “The licensing variation has been submitted to enable us to undertake the redevelopment of the premises including altering the internal layout.
He said: “Our plan is to create a modern community style public house with a contemporary twist and a premium offer.
“Our product range will include craft beers, cask ales, cocktails and speciality liqueurs and spirits.
Mr Roberts added: “We have a fairly traditional view that the operation is similar to a pub so it is likely to open at around 11am and close at 11pm on weekdays and at midnight or a little later at the weekends.
“It definitely will not be a late night bar.”
He said that Amber Taverns is planning to spend £725,000 on revamping the premises but the sum could go higher in order to achieve the best results.
It is hoped the venue will reopen by the end of April, subject to licensing and planning, and also create a number of jobs.
Mr Roberts said: “Current trends see around four full-time positions and between 15 and 20 part-time positions being created.”
He said it is intended to run the premises as a managed outlet.
He said The Atrium name was likely to be dropped with Amber Taverns open to suggestions for alternatives.
Amber Taverns, which was established in 2005, specialises in renovating failing pubs.
It has a reputation as a fast growing business, doubling its turnover in four years by 2014.