The Great British Pubco Scam. Pubs are closing all over Britain yet pubs are places that most people love and think fondly of as some of the most significant, treasured, iconic parts of our culture, places to be cherished, nurtured and looked after. Yet they're closing everywhere... WHY? It doesn't make sense does it? Read on... A bit about me. And a bit about them. And some photographs...
Thursday, May 15, 2008
In my own case I wanted a pub an area I know well and where I knew my knowledge and experience would give me a strong chance of making it work (in some ways it did Time Out bar of the year nominee 1996, Evening Standard Pub of the Year runner up 1998 etc etc). BUT ALL the pubs in the area were tied. And there was a Wetherspoons. One was on the market - The Sun and Doves - which was the one I wanted, and I negotiated hard to get it. I also did a lot of research into the tied conditions with other tied pub lessees (mine was advertised as coming free of tie in 1998, but it didn't, which is a whole other story) and they all, without exception, said the tie was fine to work with. My business plan said so too -
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