Another pub in Preston city centre is shutting its doors.

The Market Tavern, located on Market Street opposite Switch Nightclub, will be shutting down during the week beginning Monday 8 January.

Despite the pub undergoing a major refurbishment 18 moths ago, costing £130,000, the Market Tavern is now not making enough money to keep it up and running.

The Market Tavern is situated opposite to the Preston Covered Market which has recently seen extensive restoration work, and reopened in December following a major revamp.

The pub’s closure comes just weeks before the new Indoor Market, under the covered market, is due to open.

Read more: A famous Preston pub is closing its doors

Landlord for the pub, Graham Rowson, has run pubs in the Preston area for over 30 years.

A spokesperson for the Market Tavern said: “We will be closing down next week because unfortunately the pub is not making enough money to keep it going.

“We used to be making around £7000 per week, but now we are making around £2000 per week.

“We aren’t making money because of the new market, which is resulting in less customers for us.

“The Dog and Partridge pub also closed down last week, another one in the same area.”

Read more: Here’s all the confirmed traders for Preston’s new market

The Market Tavern is now in need of a new landlord or landlady to take over the premises.

Currently, no one has yet come forward to take over the Market Tavern.

Have you been for a drink inside the Market Tavern pub? What do you think about it closing down? Let us know in the comments below