Sunday, May 12, 2013
Opportunities for Low Cost Entry into Being Your Own Boss!
Ladies and Gentlemen of the real world... May I introduce to you all, a glimpse, an invitation, a moment to consider how it might be running your own business, free from the oppressive demands of 9-5 working being told what to do working for the MAN - come into the tied pub sector and be YOUR OWN BOSS!
Here are some pub leases available with Star Pubs and Bars right now. very much the kind of thing you'll find on Punch, Enterprise, Admiral, Marston's, Greene King and on any number of the 'family brewers' tied lease websites too...
These are all Low Cost Entry businesses which allow anyone with a small amount of capital to get into the pub sector, set up business and get a foot into being self employed. The kind of places the British Beer and Pub Association love to bang on about as being the reason why the tied pub sector has so much more potential for people than trying to buy a freehold. Have a look and see what you think:
FMT is 'Fair Maintainable Trade' and is what the pubco thinks any REO "Reasonably Efficient Operator" should be able to make the business turn over and extract a profit from. Their estimated earnings are in the particulars of each pub.
Railway Hotel, Bromley. FMT: £420K tenant's start up costs: £110K
Northumberland Arms, West Allotment (Newcastle) FMT: £210K tenant's start up costs: £39.8K
Otto Bar and Grill Glasgow: FMT: £470K tenant's start up costs: £81.1K
Wheatsheaf, Leyland FMT: £215K tenant's start up costs: £31.4K
Half Moon Inn, Stakeford, Choppington FMT: £370K tenant's start up costs: £22.3K
The Ship, City of London FMT: £350K tenant's start up costs: £38.7K
This is a small selection of the many pubs available - Star Pubs and Bars helpfully provide descriptions of their offers along these lines:
"an established and profitable business with income streams from drinks, food and lettings. Great opportunity for an experienced food operator"
"This well-known, high volume site is a tremendous opportunity for an experienced operator who can develop a catering offer to can take advantage of the local demographics."
"The site is ideally positioned to attract a broad range of customers from the surrounding university and hospital. The ideal lessee will have both bar and catering experience and the ability to make a mark on an exciting new business opportunity."
"Rare opportunity to acquire a busy, traditional pub in the heart of London’s square mile. With an established good reputation,"
All the pubco's and 'family brewers' are doing the same kind of thing, the language is barely indistinguishable; they each offer the best pubs, the best discounts, the best product support and teams of expert business development managers backed up with the reputation of the best pub business in Britain and so on - and they all charge pretty much the same as each other and offer the same kind of contracts and obligations for people wanting that 'low cost entry into running their own business...
Hope you enjoy the opportunity of seeing a little side of the tied business model in operation.