Given its vast popularity, you would be forgiven for thinking business is thriving for JD Wetherspoon.
But profits at the UK-wide chain have fallen 18.9 per cent to £50.3million in the first half of this financial year as costs rocketed - especially labour, which increased by about £33million.
This is despite revenue rising 7.1 per cent to £889.6million and like-for-like sales increasing by 6.3 per cent in the period.
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As a result, the pub group is selling 16 of its sites across the UK - including one in Bristol.
St George's Hall in Church Road, Redfield, is one of the pubs up for sale, meaning it could close if a buyer is not found.
Chairman Tim Martin warned costs would continue to rise in the second half, reports the Daily Record.
He said: "As previously indicated, costs in the second half of the year will be higher than those of the same period last year.
"The company anticipates an unchanged trading outcome for the current financial year."
He added in the six weeks to March 10, like-for-like sales increased by 9.6 per cent and total revenue jumped 10.9 per cent, helped by good weather and favourable comparables.
In the first half of the year, the firm opened two new pubs and closed six, bringing its total estate to 879.
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The 16 pubs Wetherspoon has put up for sale
- Queens Hotel, Newport
- Brun Lea, Burnley
- Friar Penketh, Warrington
- Bourtree, Hawick
- The Cross Keys, Peebles
- Chapel an Gansblydhen, Cornwall
- St George's Hall, Bristol
- Isaac Merritt, Devon
- Dee Hotel, Merseyside
- Last Plantagenet, Leicester
- Rhinoceros, Rotherham
- Alexander Bain, Wick
- Pennsylvanian, Rickmansworth
- Time Piece, Dewsbury
- Butler's Bell, Stafford
- Vulcan, Coatbridge
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