Picture this.
A beautiful pub in the country with restaurant and 6 letting rooms. A pub company that says it IS doing £179,000 per year on wet and they will charge £40,000 rent.
Add to this food (Est by Brewery £45,000 minimum), and accommodation (Est by brewery £60,000) Not unreasonable for the lot!
Then add £83,000 of improvements. [...]
The Industry has to change radically.
Some ideas to think about, submitted to the MA Forum 17th June 09.
Existing turnover has to be a key factor in any rental or freehold calculation, it is the pub’s or businesses market share at any time.
To ignore it leads to a totally false valuation.
Taking a new lease or tenancy.
1. [...]
Barfly - as a Licensee who was sold a great deal by my pubco I feel I can comment from experience.
Its true that they prey on Naive people who do not look into the venture in enough detail, it is also true that they have very good sales people who can sell anyone an attractive deal.
I [...]
ALMR pleas for 6 months to save the trade
Richard – Nick Bish is sincere in his efforts to move forward. He recognises that the status quo is not an option for the future.
One problem he faces is that many within the pub co’s, and breweries that have copied their model, simply refuse to even consider [...]
Enterprise Inns spokesman has grudgingly admitted that change is needed following the Select Committee Report.
His enthusiasm for change was somewhat muted compared to Punch’s comments, but their actions with certain properties that I have been involved with in the last week have shown no sign of the Leopard having even changed a couple of spots. [...]
Greg Mulholland MP:-Pub Co bosses should stand down.Mulholland MP: Pub Co bosses should step down
It’s a great idea but as we have seen with the bankers it is jobs for the select few, if one or two of their own are removed they are immediately replaced by similar people and the removed one’s appear in [...]
Specialising in all aspects of Licensed and Leisure Property
Cookseys DMP is a firm of Chartered Surveyors operating from offices in Bristol, Reading, London and Cardiff that has an established nationwide reputation. We are a professional practice of Chartered Surveyors that have been able to identify and fulfill a truly specialist role, tailor-made to client [...]