Category Archives: Buying a Pub or Restaurant

Raising finance from the Vendor

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 »

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

Questions and Answers before you take a Tied Tenancy (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. These questions are based on a standard Tied Tenancy, 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 »

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 »

Check Lists for people buying Licensed Property Businesses.

  Check Lists for people buying Businesses, especially Licensed Property, Pubs, Restaurants, Bistros, Bars, small Hotels. This Checklist covers a large area of Taking over a Business. As no two situations are the same, only the basic position is outlined. The answers do not provide a complete or authoritative statement of the law, nor do… Read More »

Energy Performance Certificates for your business premises

Energy Performance Certificates for your business premises. The legislation has been changed click on M.E.E.S (Minimum Energy Efficiency Standards) Overview How to get a certificate Exemptions Appeal a penalty charge 2. How to get a certificate, You can only get an Energy Performance Certificate (EPC) from a commercial energy assessor. The type of assessor you’ll… Read More »