Category Archives: Editors Comments

Taking a Pub Lease with clauses that can only end in Tears, (Barrel Dregs)

 Taking a Pub Lease with clauses that can only end in Tears, (Barrel Dregs) Please note, access to this site is totally free if you would like to subscribe (No Charge) on www.buyingapub.com, they are free to be read for your guidance and aimed to help you get through a time of considerable pressure and… Read More »

Assigning a Pub/Commercial Lease and the Pitfalls, Authorised Guarantee Agreement (AGA)

Assigning a Pub/Commercial Lease and the Pitfalls, Part 1 Authorised Guarantee Agreement (AGA) Introduction:- Most people, when they decide to take the plunge and become Self Employed in a Retail Business, end up taking a Commercial Lease, unless they have enough money to buy a Freehold. By Retail, this includes licensed, catering, accommodation, dry goods,… Read More »

Essential Questions and Answers before you take a Commercial Lease

  Essential Questions and Answers before you take a Commercial Lease All these questions you need positive answers to, in writing, from your Landlord before  you consult a Solicitor/Commercial Lawyer or consider taking a Commercial Lease. These questions are based on a standard Commercial Lease, they do not represent or replace using a Commercial Lawyer… Read More »

Rent Valuations by Pub Co’s, BDM’s at Rent Reviews and some other questionable activities. (Barrel Dregs)

Rent Valuations by Pub Co’s, BDM’s at Rent Reviews and some other questionable activities. Having studied the so called method of rent assessment used by the Pub Co’s for Rent Reviews. Firstly all rents are supposedly worked out by Valuers and BDM’s on the future sustainable earnings potential by a competent operator/reasonably efficient operator (REO)… Read More »

Questions and Answers before you take a Tied Lease (Part 1)

  Essential Questions and Answers before you take a Tied Lease All these questions you need positive answers to, in writing, from your Pub Co/Landlord before  you consult a Solicitor/Commercial Lawyer or consider taking a Tied Lease. These questions are based on a standard Commercial Lease, they do not represent or replace using a Commercial… Read More »

FMT and REO (Fair Maintainable Trade, Resonably Efficient Operator)

FMT and REO (Fair Maintainable Trade, Reasonably Efficient Operator) (From the Archives) An interesting article in the Morning Advertiser from my old colleague Phil Dixon about FMT (Fair Maintainable Trade) and REO  (Reasonably Efficient Operator) or still used by some though undefined, Competent Operator. FMT that obscenely used title for making wildly speculative estimations of a… Read More »

Always have everything in writing (Barrel Dregs)

Always have everything in writing (Barrel Dregs) Please note, access to this site is totally free if you would like to subscribe (No Charge) on www.buyingapub.com, they are free to be read for your guidance and aimed to help you get through a time of considerable pressure and demand. Barrel-Dregs has been run for many… Read More »

RICS and the definition of Competent Operator

The rental levels set by the RICS are for a Competent Operator (CO) or Reasonably Efficient Operator (REO). The RICS do not, nor ever have run pubs and very few Chartered Surveyors have ever dirtied their hands with such hard work. The Valuation Committee consisted of members whose main income is derived from perpetuating these… Read More »

False Pub Accounts (Barrel Dregs), a tale for the unwary business buyer

False Pub Accounts (Barrel Dregs), a tale for the unwary business buyer Please note, access to this site is totally free if you would like to subscribe (No Charge) on www.buyingapub.com, they are free to be read for your guidance and aimed to help you get through a time of considerable pressure and demand. Barrel-Dregs has… Read More »