Advice from those currently in the trade...

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Advice from those currently in the trade...

Post by Mr Admin on Tue Feb 19, 2013 1:41 am

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Re: Advice from those currently in the trade...

Post by Mr Admin on Sat Feb 23, 2013 2:49 am

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Re: Advice from those currently in the trade...

Post by Mr Admin on Sat Feb 23, 2013 3:10 am

No Seriously, if running a Pub has been a life long dream, then there is no better time to take one on: to preserve the amazing character and architecture of many pubs, which are stripped of their original charm, and churned into never ending gastro-pubs with cream paint, brown leather sofas, and .....

You need to stop and be aware of a few pitfalls. Firstly really do the maths. Be wary of entering a tied agreement with the brewery. They are on the decline, and if you sign up to one, you will have no one to blame when you find you are getting absolutely shafted on the price of beer. The Government has confirmed that all pub tied agreements will be covered by the proposed statutory code and adjudicator for pub companies and tenants.

The relationship over tied pubs is a huge issue between Pubcos and Tenants, so make sure you do your homework, especially if this is your likely route. If you are fortunate enough to be taking over a Free House, or a free-of-tie lease, then this is the ideal way to go.

If you have dreams of running a sports bar, think twice before jumping in and subscribing to Sky. If you end up in a tied lease, you don't want to be getting hammered from the front and the back by these reputable groups. You also need to make sure you have your licenses in order.

There are a lot of things to consider. There are a lot of breweries who don't need to sell beer, because twelve weeks into a lease, the tenants are doing a runner. The signing of leases therefore becomes as profitable for the breweries as the importance of the pubs succeeding.

If you have any questions, post them here. I am sure there are far more qualified landlords and landlady's (than me!) who would love to share the benefit of their experience, and offer valuable advice to newcomers to the trade, so get posting!
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