Calling Pub Owners! I need some info!!!!!!

[bigTee]

I may be investing in my local but don't trust the current books. (Rent not paid for 5 months and current tenant is on a luxury cruise!!!!!!!!)


But need someone with knowledge on beer sales with the figures i have to see if it's a profitable venture...


Anyone in the industry willing to have an email chat??

[R2D2]

Landlord - here's your thread!

[Mexico.]

I would not invest in a pub at all stay away from it!

[Mc Lovin]

Mexico. said:

I would not invest in a pub at all stay away from it!

+1

[bigTee]

oh yeh. Forgot about Landlord!!!!!!

[V8mate]

Is it a freehold pub with no tie or tied/tenanted business?

[Landlord]

bigTee said:

oh yeh. Forgot about Landlord!!!!!!

:straightensfreebrewerytie: PM me mate - I'll see how I can help.

Can you give me some info on the lease too (freehold/leasehold - tie/free of tie etc).

[bigTee]

V8mate said:

Is it a freehold pub with no tie or tied/tenanted business?

10 year lease with option to sell on after 2 years.

Beer bought from Coors only at reduced rate.

Currently BANKING £5k a week.




And i have the option to run it for two months before i decide if i want the lease so i can see the true figures that goes in the till.

[mel]

Having just looked at BigTee's profile and the website of his other business, I'd say any man that can sell a small jar of vomit for over 40 quid will be perfectly suited to the pub game!

£40 puke

[Jem0911]

I have had the pleasure of running a pub.

Great when I was single sold it when I got wed.

Please think carefully before going into such a venture.

[bigTee]

Landlord said:

bigTee said:

oh yeh. Forgot about Landlord!!!!!!

:straightensfreebrewerytie: PM me mate - I'll see how I can help.

Can you give me some info on the lease too (freehold/leasehold - tie/free of tie etc).

Email sent!!!!!!!!!!!!!

[bigTee]

mel said:

Having just looked at BigTee's profile and the website of his other business, I'd say any man that can sell a small jar of vomit for over 40 quid will be perfectly suited to the pub game!

£40 puke

[bigTee]

Jem0911 said:

I have had the pleasure of running a pub.

Great when I was single sold it when I got wed.

Please think carefully before going into such a venture.

i will. as i say, i have the option to run it for a few months before i commit.

[GasMonkey]

bigTee said:

Jem0911 said:

I have had the pleasure of running a pub.

Great when I was single sold it when I got wed.

Please think carefully before going into such a venture.

i will. as i say, i have the option to run it for a few months before i commit.

Are you talking about the pub here or your future wife ?

[bigTee]

GasMonkey said:

bigTee said:

Jem0911 said:

I have had the pleasure of running a pub.

Great when I was single sold it when I got wed.

Please think carefully before going into such a venture.

i will. as i say, i have the option to run it for a few months before i commit.

Are you talking about the pub here or your future wife ?

[JazD]

1. Request copies of signed off accounts for the past couple of years.
2. Have a solicitor check the terms of the lease
3. Check how much rent is owing and what / if any repayment plan has been agreed. If not, and its a tied house make sure that the outstanding rent is written off before you take it on.
4. Check whether there are any other debts eg utilities, rates etc.

As with Landlord, feel free to PM if you want

Good luck!

D

[bigTee]

Thanks Guys,

The biggest thing in my favour is the owner allowing me to run the pub for a couple of months before making my mind up.


this will give me a good understanding of what really is going on.

[JazD]

Who's the lease with just out of interest?

[GreatGranny]

The husband of a friend of my wife has recently invested in his local and has regretted it ever since. Sales are down and he's just hoping for a good summer. It takes twice as much time as he thought, has twice as much stress and at the moment he has nothing to show for it apart from an extra stone in weight.

He did just dive in their and it sounds like you are a little more cautious.

[10 Pence Short]

If it's wet trade only, forget it unless you're an absolute freehouse and have good footfall relatively unaffected by changes in the economy.