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Useful Tips and Good Ideas
Scrooge lives after Christmas
One of the larger pub co’s is taking a serious approach to the falling trade throughout their estate, they have taken pity on their poor lessees and those in trouble are being offered a rescue package to help them through. They will reduce the rent, possibly give some discounts on their supplied products, wonderful??? But [...]
Train To Gain
Train to Gain have a listing under Trainers, they are independent but have Government Funding for all manner of training for staff and management and advice on business direction, they are also operate in conjunction with Business Link. Whatever your business within the licensed industry from brewers to pubs and restaurants give them a ring [...]Twinpier Ltd
Helps provides debt relief for publicans. They give advice and develop strategies on a wide range of debt and credit issues. They can act as your third party representative and negotiate on all aspects of debt including cards, loans, mortgages, utilities, unenforceability, bailiff actions and court processes. All types of personal and business debts dealt [...]Advice About Bank Accounts
A word of advice always have two different Business Bank Accounts, not with the same bank, one with some money in and one that you trade day to day. If your day to day Bank Manager gives you a hard time and cuts your overdraft, you try and open another account, you have absolutely no [...]Catering Ideas and Tips
Monk Fish Whenever you get monk fish, always check for red blemishes on the flesh, if there are any put the point of a slim bladed knife in to the red blemish occasionally you may find a nematode, which looks like a piece of dark brown wire about one to two inches long. Lift it [...]Sewers Etc. When Buying a Pub
Not everyones favourite subject but an essential to know about when buying a pub. When purchasing a rural food pub, always determine if it has mains drains, and if not ensure the septic tank is up to the job – a replacement can cost tens of thousands of pounds which will only allow you to [...]Advice on Leases
If you are buying a lease from a Pub Co, you will have to provide a Business Plan, you wll go to great lengths to reasearch your proposals and projections and present it to the Pub Co. Comment by a Rent Negotiator The mantra used by the Pubcos is that an application for assignment is to test [...]BII Rent Review Road Shows
The BII have managed to get certain Pub Co’s to produce Codes of Practice in the way that they operate, to create more openness and clarity in a variety of matters. A colleague of mine at the Road Show told me that he had been negotiating a rent with the Estates Manager with a national pub [...]Rent Leopards are Trying To Change Their Spots.
Two of the supposedly Senior Rent Valuers in the country after years of using a totally flawed method of rental assessment have now suggested that the current method is not suitable for lower turnover pubs, in fact it is not suitable for any turnover pubs. Anything that ignores the viability of turnover in respect of [...]Interesting Story this Week
Admiral have put a 100 pubs up for sale, the prices have been chopped right down, it would be interesting to know how much they paid for them, is this the return to realistic valuations based on viability and not over valued pubs based on over hyped unsustainable rents, or is this reality hitting the [...]Categories
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