// archives

Archive for June, 2009

Pub Co Duplicity or Stupidity?

By Editor ⋅ June 28, 2009 ⋅ One comment
Pub Co Duplicity or Stupidity?
Picture this. A beautiful pub in the country with restaurant and 6 letting rooms. A pub company that says it IS doing £179,000 per year on wet and they will charge £40,000 rent. Add to this food (Est by Brewery £45,000 minimum), and accommodation (Est by brewery £60,000) Not unreasonable for the lot! Then add £83,000 of improvements. [...]

Pub Co’s and Competition Commission

By Editor ⋅ June 28, 2009 ⋅ One comment
Pub Co's and Competition Commission
The Industry has to change radically. Some ideas to think about, submitted to the MA Forum 17th June 09. Existing turnover has to be a key factor in any rental or freehold calculation, it is the pub’s or businesses market share at any time. To ignore it leads to a totally false valuation. Taking a new lease or tenancy. 1. [...]

Brulines Cont..

By admin ⋅ June 27, 2009 ⋅ Post a comment
Brulines Cont..
Enterprise fined a lessee for buying out and deducted the fine and their alleged other costs from their D.D. This was deemed in breach of the banking code and the money was replaced by the Bank in question. An interesting point, if Brulines information is used for fining or eviction by a Pub Co and assumed to [...]

A true Pub Co tale

By admin ⋅ June 27, 2009 ⋅ Post a comment
A true Pub Co tale
Barfly - as a Licensee who was sold a great deal by my pubco I feel I can comment from experience. Its true that they prey on Naive people who do not look into the venture in enough detail, it is also true that they have very good sales people who can sell anyone an attractive deal. I [...]

ALMR (Association of Licensed Multiple Retailers)

By Editor ⋅ June 13, 2009 ⋅ Post a comment
ALMR (Association of Licensed Multiple Retailers)
          ALMR pleas for 6 months to save the trade Richard – Nick Bish is sincere in his efforts to move forward. He recognises that the status quo is not an option for the future. One problem he faces is that many within the pub co’s, and breweries that have copied their model, simply refuse to even consider [...]

Enterprise Inns

By Editor ⋅ June 13, 2009 ⋅ Post a comment
Enterprise Inns
Enterprise Inns spokesman has grudgingly admitted that change is needed following the Select Committee Report. His enthusiasm for change was somewhat muted compared to Punch’s comments, but their actions with certain properties that I have been involved with in the last week have shown no sign of the Leopard having even changed a couple of spots. [...]

Punch Taverns

By Editor ⋅ June 13, 2009 ⋅ Post a comment
Punch Taverns
Roger Whiteside, the recently appointed director of Punch Taverns leased division has come out with some amazing statements, which a number of us have been trying to get through to the Pub Co’s for a number of years with absolutely no success. The Select Committee Findings have obviously focused some common sense thinking on his part, [...]

MP’s comments on Pub Co’s

By Editor ⋅ June 13, 2009 ⋅ Post a comment
MP's comments on Pub Co's
Greg Mulholland MP:-Pub Co bosses should stand down.Mulholland MP: Pub Co bosses should step down It’s a great idea but as we have seen with the bankers it is jobs for the select few, if one or two of their own are removed they are immediately replaced by similar people and the removed one’s appear in [...]

RICS, TRVG (Trade Related Valuation Group)

By Editor ⋅ June 10, 2009 ⋅ Post a comment
RICS, TRVG (Trade Related Valuation Group)
My mole in the RICS tells me that the TRVG did not like the comments made by the |Select Committee’s |Findings. The have supposedly decided to do absolutely nothing of any consequence to their valuation system, this is totally unconfirmed, but has been sent to me from a number of sources. It will be a sad [...]

Good Pub owning Companies

By admin ⋅ June 10, 2009 ⋅ Post a comment
Good Pub owning Companies
If you run a pub for a good, fair, thinking Pub Company please let us know. We are very short of them at the moment, we have no desire to recommend a company that new or experienced people will have a minimal chance of success. If you are looking for a pub it is worth contacting these [...]

« Previous —