Pub Buyers and unpleasant facts (Barrel Dregs)
Please note, access to this site is totally free if you would like to subscribe (No Charge) on www.buyingapub.com, they are free to be read for your guidance and aimed to help you get through a time of considerable pressure and demand.
Barrel-Dregs has been run for many years, we change all the identifiable details, but give you an insight as to many of the sharp or bad practices by a number of companies, in most cases they are just legal but morally unacceptable.
We have a number of Pub owning companies that we will not recommend, their actions have featured in Barrel-Dregs too many times, we did hope that by highlighting their antics they might change, but in Barrel-Dregs terms “Leopards do not change their spots, they cover them with more Mud.”
There are serious problems in the pub industry at the moment and if any people living abroad want to buy an English Pub, save a bit more money and buy a genuine freehold pub, don’t consider a lease without very expert advice or contact this web site if you would like an informed opinion and where to get advice.
Since Pub Co’s started, an amazing amount of stories have emerged about the way that the industry is being misused by a number of major Pub Co’s, they are not concerned with the welfare of licensees, in fact they are not an essential commodity for the companies but a very expendable commodity.
When I first went into the business the average span for a licensee was three years in a pub and they moved on to a better pub, it was a career for life for most of them. Statistics given to me show that one of the bigger Pub Co’s average changeover of pubs would indicate one year for lessees, four years ago I was told that it was 276 days, the delay would appear to be caused by the lessees trying to sell their leases in a very difficult market, the remainder walked out or were evicted, if these statistics are correct it is a terrible indictment of Pub Co’s method of operation.
If any Pub Co operators read this article, please take note, I would like to be proved wrong, but my sources were responsible people, if it does apply to your company in a greater or lesser degree, have a rethink on the way you operate.
If you have struggled and failed or have an opinion on Pub Co’s please let us know.
The aim of this website was to get through to all the people who drink in bars and pubs etc and the people that own and run them to publish their funny and horror stories.
We now realise that if it is successful, it will also be a great site for useful information for people owning these businesses and making people who are considering buying these businesses taking a more professional approach on how they achieve their aims.
A large number of us are concerned at the failure rate in the industry, caused by a number of reasons, mainly lack of knowledge or misinformation and a shrinking market, with more people using gyms and changing their leisure habits.
Questions and Answers before you consider a Tied Lease LINK
Please Note:- We are not trying to discourage buying and selling of leases, we just want to discourage the legal Rip-Offs that go on, we firmly believe that those taking up a fair Market Rent Option, as it stands at present, could have leases worth serious money, though a number of Pub Co’s will fight tooth and nail to stop this improvement.
If you like the website send it to anyone who will benefit or enjoy it anywhere in the world, we would appreciate stories from any bar or customer anywhere, also a large number of people come back to this country to buy a pub or bar and struggle, purely through lack of information.