The website for everyone that is involved in the licensed industry
Archive for July, 2009
BII and RICS and the definition of Competent Operator
The rental levels set by the RICS are for a Competent Operator. 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 consist of members whose main income is derived from perpetuating these rental levels and supposed high standards [...]Pub Rental Valuation some thoughts
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 run by a legal secondary business which is non [...]First Experiences of a Very Naive Pub Owner Part 6
A couple of hunting stories that I have just been reminded about. The first was at a particularly busy meet of the Exmoor Foxhounds at the pub. The hunting was not considered to be particularly good in our piece of Exmoor because of the raging East Lyn River and the very steep wooded slopes, consequently the pub was [...]RICS and the Licensed Industry
A colleague of mine wrote this for the Morning Advertiser Forum, in my opinion totally correct. As a former member, many years ago, I am apalled at their total disregard for any constructive comments made, correspondence sent to them, which they completely ignore. Their comments made about the Findings of the BEC Report into Pub Co [...]BII Codes of Practice 2 (further thoughts)
The BII Codes of Practice were written by individual companies to try and set guidelines in their dealings with tenants etc. They were approved by the BII and used for accreditation by the companies, it would appear that there have been a number of breaches of the Codes raising concern within the ranks of the [...]BII Codes of Practice 1
The Pub Co model works perfectly well but the present system has been so distorted by people and companies who have no understanding or real concern for the factors that have made this industry work extremely well for many years and the licensee is the one being used and abused in most of the cases. The [...]A Lease with a Sting in the Tail
I called on a Licensee friend today and he asked for my advice. One of his customers who had taken a new Pub Lease in 1993, made a success of the pub, sold it on some years later and had retired to a life of leisure. The pub was sold on several times more and [...]Taking over a pub
I have just visited a pub which had previously been a managed house for a Regional Brewer and was now going over to a lease. The new lessee did all the things by the book or so he thought, the so called reputable Regional Brewer did not. Equipment, one new microwave was definitely removed after [...]Pub Co Viability
The press this weekend stated that Punch assets were supposedly worth £267m above a debt level of £4.4bn and a cause for concern. Doubtless all the other major Pub Co’s are similarly affected for the reasons that have been well aired on this site. Punch and Enterprise are possibly talking to Fair Pint, a major [...]Pub Co’s facing reality
RE: Should pubcos go free of tie? I read all these articles by the so called guru’s and knowledgeable writers in the trade papers, most would appear to have been totally indoctrinated by the existing system without questioning the logic of the situation. If you are tied and totally focused on the current leasing and [...]Categories
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