Pub Co, Licensees Horror Stories 4 (Barrel Dregs)
Another sorry story
Thanks for your help, I got stuck behind the bar again last night. I did however fish the leaflet out and I am calling them today. It’s all gone horribly wrong here (after a year of profitable trading).
My dad who I need for some kind of help in forming an action plan has stuck his head in the sand but the pub is losing about 2k a week and I am going crazy with worry.
The loan for the assigned lease is secured against my parent’s house (120k) and the guilt I feel for bringing the family to this, is immense.
We are on the Pub Co’s recovery scheme with 100 off 36gall but is drop in the ocean compared to the bills that are racking up…..Weekends are still busy but whereas we were taking 1 to 2 k on weekdays we are now doing 500 quid if we are lucky. It all started in October and really suddenly! I blame myself for not reacting but what could I have done in such a huge downturn. I’m at a loss as to what to do now as my dad who has been in business (not pubs) all his life just says hang in here, but I know it’s too late already.
The Pub Co can’t do anything as I’m on the discount already, bailiffs have walking possession of fixtures & fittings due to rates arrears and I’ve not paid food suppliers for 3 months. I just want to walk but my dad just won’t surrender the 120k investment and I don’t blame him!
If it wasn’t for the greed of the Pub Co and we were paying a sensible tied price for our beer we certainly wouldn’t be in this mess!
Sorry to put this on you as you don’t even know me but I needed to get it off me chest. I will be at the meeting on Monday. I really don’t know why the whole tied system does not wake up and revolt by just not buying from the Pub Co’s.
I feel it’s the only way.