Category Archives: Buying a Pub or Restaurant

Raising finance from the Vendor

Pub Co Tied Leases, Questions that you need to Ask and Answers that you need to know. (Part 1)

  Pub Co Tied Leases, Questions that you need to Ask and Answers that you need to know before you start spending money. (Part 1) All these questions you need positive answers to, in writing, from your Pub Co/Landlord before  you consult a Solicitor/Commercial Lawyer or seriously consider taking a Tied Lease and start paying… Read More »

Pub Co’s, Pub Code Adjudicator (PCA), New Legislation and Reasonableness, “Barrel-Dregs”

  Pub Co’s, Pub Code Adjudicator (PCA), New Legislation and Reasonableness, “Barrel-Dregs” A note from my learned colleague Potboy (Midlands), the foxy Pub Co’s would appear to have outwitted the poor old lamb, Pub Code Adjudicator (PCA), on would you believe, reasonableness. I can’t even think of a time that a member of a Pub… 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 »

Tied Tenancy, Questions that you need to Ask and Answers that you need to know. (Part 1)

  Tied Tenancy, Questions that you need to Ask and Answers that you need to know. (Part 1) All these questions you need positive answers to in writing from your Landlord or Brewer before you take a Tied Tenancy or you consult a Solicitor/Commercial Lawyer. In our opinion these Q.A’s. should be part of a… 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 »

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 »

Energy Performance Certificates and M.E.E.S.

If you would like to Advertise with us, please click on the following:- Link   Energy Performance Certificates and  M.E.E.S. This is important reading for any existing lessee/tenant or may be considering assigning their lease and anyone thinking about taking a lease or tenancy. This is a hot topic, broadly based around energy efficiency and… Read More »

Assigning a Pub/Commercial Lease and the Pitfalls, Part 3,

Assigning a Pub/Commercial Lease and the Pitfalls, Part 3, other issues. The Pub Co’s created another problem, if there were cash flow problems and the rent was not paid, the whole family would be evicted in a very short space of time because it’s a commercial property, whereas domestic accommodation is totally different, it can… Read More »

Assigning a Pub/Commercial Lease and the Pitfalls, Part 2, Dilapidations

Assigning a Pub/Commercial Lease and the Pitfalls, Part 2 Dilapidations With the advent of the Pub Co’s and tied leases, a new problem entered the industry on a large scale, previously Brewers had short term tenancies with limited responsibilities and the tenant was not responsible for repairs and structural faults, only painting and decorating, the… Read More »