Deal: Mark Cumming, Christopher Regan and Michael Kheng
The Cloud Bar in Bailgate in Lincoln has been taken over by a local company after its former owner decided to sell it.
This was the last trading outlet of Kurnia, who have operated bars and restaurants in Lincolnshire for over 30 years.
Company Director Michael Kheng said he will now focus on his licensing consultancy, which he set up over 7 years ago to assist the hospitality industry.
The Cloud Bar has been taken over by a local company headed by Christopher Regan.
He has two other outlets in Lincoln, and last year invested over £400,000 in the the Ye Olde Crowne Inn.
Later this month Christopher will also open the Lincolnshire Red Steak House on Newland, on the site of the former Essence club, after a £300,000 refurb.
Christopher Regan, 23, also owns the Broadstone Bar in Retford.
At 18 Christopher turned around a Manchester student bar after securing funds to buy the lease and then selling it on for a profit.
He then worked abroad in property development around the Red Sea before returning to England to start up in the hospitality sector.
Christopher says his long term goal is to create a group of pubs and bars that are different, unique and fresh for the industry.
He said: “I have no major plans to change the Cloud Bar at this stage. I love the venue and the style fits well within our model.
“Once we have been trading there a while we will see if feel any changes are needed and if so then we shall look at implementing them in 2013.”