Category Archives: Competent Operator

The Pub Code Adjudicator (PCA), Pub Co’s and would be Publicans.

The Pub Code Adjudicator (PCA), Pub Co’s and would be Publicans. One of the biggest problems in the Pub Co Tied Lease Sector is that you have two factions in todays world, you have Pub Co’s and all their supportive companies and so called specialists, the other faction are the lessees, who have very few… 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 »

Would you like to advertise with us?

Would you like to advertise with us? We do not push advertising, since our readers are people looking for business information and help. This puts them in the category of looking for reliable business agents and reliable companies that have pubs/restaurants etc. to lease or tenancies. They are also looking for suppliers of all commodities… Read More »

Competent Operator as defined in Pub Co rental valuations.

Competent Operator as defined in Pub Co rental valuations. (From the Archives) The definition of Competent Operator in rental valuations has been ignored for years by all Pub Co’s in rental valuations as an historical term. Nobody would define it and it was totally ignored in all previous enquiries into the problems in the licensed… Read More »

Vagaries of Arbitration and the need for a switched-on Stocktaker and Surveyor (Barrel-dregs 264)

  The Vagaries of Arbitration, and the need for a switched-on Stocktaker and Surveyor acting for you.   Arbitration should be a logical resolution to any dispute, sadly with rental disputes it would appear not, from a recent case.  It is assumed that the Arbitrator is totally knowledgeable on all aspects of the subject in… Read More »

Stocktakers are they an Asset or Liability? Barrel-Dregs (347)

STOCKTAKERS-  When they can be an Asset or sometimes, through their errors, a Liability? Stocktakers are they of  value? I have detected a serious issue relating to the use of professional stocktakers that needs to be aired. While many publicans may baulk at the cost of a regular stocktaking exercise, its value could be to:… Read More »

Pub Rental Valuation some thoughts

  Pub Rental Valuation some thoughts and worth reading. Existing turnover has to be a key factor in any calculation, it is the pub’s market share. The Turnover should be based on the VATable turnover declared, plus any other sources of income directly attributable to the premises i.e. accommodation, catering which may be separated and… Read More »