Over the last few years more and more people are choosing to convert former public houses into private residential dwellings.Steve Oliver of London estate agents Paramount Properties has been selling pubs for alternate use for the last 8 years and gives a quick guide on buying a pub.
Planners: A good starting point is the local planners they will be able to give you their opinion on the feasibility of your plans
Local amenity: Is the property the only pub in the village? Although not impossible it will be harder to get planning permission if it's the last pub in village, planners like to have a least one pub in the area.
Precedent: Has a similar property already been converted? If yes then this will help your case also.
Listed: Find out if the pub is listed by English Heritage. Properties of importance are listed from Grade I to Grade II. Being listed wouldn't be a reason to stop the pub from being converted but may limit what you can do to it.
Change of use: A public house is classed as A4 use, to convert a pub into a house you will need to submit a planning application for a "change of use" from A4 to C3
Unconditional: Most Pubco's will only sell their pubs on an 'unconditional' basis, that is, you agree a price whether or not planning for a change of use is in place.
Finance: Getting a mortgage on a commercial property can be a minefield and time consuming, so you will need to speak to a specialist lender.
VAT: Most pubs attract VAT (value added tax) on top of the purchase as well as stamp duty, if VAT is applicable you may be able to avoid paying VAT altogether as VAT isn't charged on residential properties be serving a VAT waiver known as a VAT 1614D form. Further details can be found at www.hmrc.gov.uk
Browse our list of Freehold Property Investments For Sale with extensive details on hundreds of closed down, empty, disused, derelict or run down residential and commercial properties for sale in the UK
29 Jun 2011
Guide to Buying a Pub
UK Pubs For Sale - Freehold Pubs For Sale: Change of Use & Planning Permission
The traditional British pub is currently under threat as never before. A combination of factors has led to more and more pub owners shutting down pubs and seeking to convert the buildings to other uses. Footfall in all pubs has gone down two-thirds in the last twenty years, and there just isn't the demand that there used to be. Beer sales are falling by 20pc year on year and pubs are closing at the rate of 5 a day. The price of freehold pubs continues to fall, as breweries, pub chains and pub companies offload unprofitable, struggling, run down or vacant pubs.Paramount Investments specialise in the sale of licensed and commercial properties and Sales Director, Steve Oliver has been selling pubs, wine bars, hotels and restaurants for the last 8 years. "The steady flow of these distressed pubs coming up for sale is creating tremendous bargains within the pub market for licensees and restauranteurs who know they can respond to the challenges facing the modern trade. However, with pub property prices at rock bottom, and the square footage of public houses and the surrounding land, such investments are proving to be the best value for property developers and investors."
Many of these pubs for sale on the market are freehold and occupy prime town and city centre locations with spacious yards, car parks, beer gardens and out buildings.
Steve Oliver continued: " Part of the reason these pubs are so attractive is that in some cases they come with planning permission for redevelopment. Pubs have a flexible A4 planning ‘business use class’ that normally can be changed to A1 use (say, for a newsagents), A2 (a delicatessen or a firm of solicitors or architects) or A3 (restaurants). And if you buy a property with planning permission, you can get on with your property development, modernisation or refurbishment project straight away."
But finding the ideal pub site to redevelop is not always that simple. Sites without planning permission are also available and most Pub Co's will only sell their pubs on an 'unconditional' basis, that is, you agree a price whether or not planning for a change of use is in place.
"Find out if the pub is listed by English Heritage. Properties of importance are listed from Grade I to Grade II. Being listed wouldn't be a reason to stop the pub from being converted but may limit what you can do to it, " advises Steve.
"Planners believe a pub is as essential to village life as a shop or post office. The loss of pubs, whether in rural or urban areas, can undermine the local economy and community. Although not impossible it will be harder to get planning permission for changing the use if it's the last pub in village as planners like to have a least one pub in the area. Your local planning authority will be able to give you their opinion on the feasibility of your plans and if a similar property has already been converted, then this will help your own planning application."
Pubs For Sale For Redevelopment
28 Jun 2011
Belhaven poised to beat forecasts - Scotsman.com Business
INVESTORS are likely to raise a glass to the owner of Scotland's Belhaven brewery this week as brokers are tipping it to serve up forecast-busting annual profits.Pubs and beers owned by Belhaven should help Greene King report profits of £140 million on Thursday, against market forecasts of £139.4m, up from £123m a year ago, according to Numis Securities.East Anglia-based Greene King, which bought Belhaven
It said in April that the Scottish brewer's Belhaven Best ale had boosted volumes by 1.8 per cent while volumes of its English ales such as Greene King IPA, Old Speckled Hen and Abbot Ale had stayed level with last year.
Sunny weather helped its drink-led pubs, while food growth was also strong with the group reporting an 8.2 per cent uplift in the last quarter of the year through its Hungry Horse and Old English Inns brands.
Belhaven's pubs division has more than 300 tenanted, leased and managed pubs, from Stranraer in the south of Scotland to Wick in the north, and its brewing business is based in Dunbar.
Greene King announced in 2005 that it was buying Belhaven and runs it separately from the other Greene King businesses.
27 Jun 2011
Pub for sale Wiltshire, Pub for sale Bradford-on-Avon
Wiltshire Pub for Sale Beef & Barge Widbrook Bradford-on-Avon Wiltshire BA15 Gross Site Area: 1 acres* £ 575,000 + VAT Freehold Beef and Barge Pub for Sale, Bradford-on-Avon Supermarket plan for historic Leeds pub - Latest News - Yorkshire Evening Post
U.K. Retail Demergers Should Await Consumer Return, Analysts Say - Bloomberg
First-quarter sales at Costa Coffee surged 23 percent, Whitbread said last week, while sales at its budget hotel chain Premier Inn rose 8.1 percent. The company plans to double the size of Costa Coffee to 3,500 stores worldwide over the next five years.
“Nothing is likely in the near term,” Ellis said June 23. “It isn’t the easiest market environment to sell into at the minute, with ongoing consumer pressures. They would be better to hold off. It is now at the stage where a lot of investment in overseas markets is starting to bear fruit.”
The planned demerger of Punch Taverns Plc (PUB) this year to separate its leased pub division from Spirit, the faster-growing managed pub estate that includes Chef & Brewer, is unlikely to create shareholder value as weak consumer spending hurts leased outlets, say analysts.
“My valuation is 70 pence for Spirit and five pence for the Punch part of it,” Paul Hickman, an analyst at Peel Hunt, said in a phone interview on June 23. “It is fairly valued at the moment. The demerger is the delayed result of a company hitting the recession with too many pubs and too much debt. While trading is quite difficult, what they are doing is appropriate.”
Punch climbed 1.9 percent to close at 71.35 pence a share in London trading on June 24.
Punch Taverns is making “good progress” with its demerger the company said on June 8. The demerger needs the approval of bondholders.
Freehold Pubs, Wine Bars & Hotels For Sale: Wales Pub News; Flat Holm Island Pub Opens.
Wales Pub News; Flat Holm Island Pub Opens.
The Gull and Leek, one of the most unusual pubs in Wales, has opened, reports the BBC. But, as Andy Gourlay found, a visit requires some planning, because it is on the nature reserve island of Flat Holm.On the face of it, it's not the most promising site for a new pub.
In the middle of nowhere, you can't park and the locals are a noisy bunch intent on pinching your sandwiches.
But despite all that, the Gull and Leek, the new pub on the nature reserve at Flat Holm island is sure to be a hit with visitors who do manage to drop in.
Unless you happen to own a boat, there's no nipping over for a quick pint as a trip there takes a bit of forward planning.
26 Jun 2011
Pub for sale Greater London, Pub for sale London
West Midlands Pub for Sale Lickey Banker Ormond Road, Rubery Birmingham West Midlands B45 Gross Site Area: 28291 sq/ft* £ 400,000 + VAT Freehold Public house/development land for sale with full vacant possession. Unconditional offers are invited for our clients unencumbered interest. The property represents excellent value for continued licensed use / owner occupation. There is also enormous potential for redevelopment (residential / commercial / mixed use) subject to gaining the appropriate Local Authority consents. Lickey Banker Pub for Sale, Birmingham, West Midlands Pub for sale Greater London, Pub for sale London
25 Jun 2011
Wimborne People | The Top Ten Pubs In And Around Wimborne.
With the imminent arrival of Wetherspoons in Wimborne I though it would be a good time to a list of the top ten pubs in the area. So in no particular order here they are:
Where do you go for a beer in Wimborne?
The Rising Sun:
Sat next to the River Allen this pub not only sells excellent food, but is also one of the few pubs in town that shows the football. It has a small seating area out the back, plenty of tables inside and a reasonable size car park.
The Olive Branch:
A fantastic menu and restaurant with good seating by the bar and in the garden at the rear. There is a large car park, but it is almost always full due to the Olive Branch's popularity. It is important to note children are not permitted in the bar, but are welcome in the restaurant.
The Barley Mow:
This place serves good English pub food at very decent prices and the last time I went there they even had table service. There is a large car park and outdoor seating area at the rear. They also do a fantastic Sunday roast.
The Stocks:
Another great food pub with a large car park and outdoor seating area. Run by the Sibleys this is a very popular destination for families.
The Oddfellows Arms:
Although up for sale at the moment this is a very small and friendly place to go and drink, with a reasonable selection of beers. I have never eaten here so I can't comment on what the food is like. I am hoping however, that someone buys it and keeps it open.
The Kings Head:
A bright and comfortable bar with live music (on a Friday night I think). A great selection of drinks and excellent food served throughout the day.
The White Hart:
Tucked out of the way The White Hart is a popular pub serving good food and great beer. There are plenty of tables and seating and there is also a pool table for those who fancy a game with their pint. However, the toilets could be better and let the pub down.
The Horns:
A fantastic pub with great views and a very decent sized car park. There is outside seating at the front and their menu is pretty good and reasonably priced.
The Albion Inn:
Refurbished last year after it was gutted by fire, The Albion is a clean and pleasant place to drink. This is a small pub with the bar stretching half its length along one wall and most of the seating at one end.
The Cricketers:
With a new owner this pub has gone from strength to strength. There is a small car park opposite, but I wouldn't bank on ever getting a space there, as there are only about eight spaces, mostly used up by customers of the kebab shop near by. There is a small outside area, but is usually full of smokers, but inside there is a lot of room and plenty of tables.
Just in case you find yourselves on the way to Wimborne
Huddersfield Pub for Sale, West Yorkshire Pub for Sale
23 Jun 2011
Pub for sale Lincolnshire, Pub for sale West Parade, Lincoln
22 Jun 2011
New research says good value food is driving consumers back to pubs - Eat Out Magazine
New research says good value food is driving consumers back to pubs
Traditional full service restaurants may be struggling to attract consumers in today's tough economy and facing a decline in the number of customers, but foodservice in pubs is bucking the trend and seeing consumers return to eating out.
That is the key finding from foodservice experts at market research company, The NPD Group, as they report year-on-year growth in foodservice in pubs for the last two quarters, with the recovery primarily led by branded operators in the market, such as Wetherspoons and Harvester.
The NPD Group's research found that pubs serving food are capitalising upon longer opening hours by offering food throughout the day, from breakfast, morning coffee and lunch, through to dinner.
There are also signs that value is the key to the recovery of foodservice in pubs, while more expensive restaurants are still in decline. With their value for money approach such as breakfast offers and deals for early evening meals, NPD found that consumers regard pubs as good value and worth trading up to from fast food chains.
The level of customer traffic in branded pubs has increased by 4% in quarter one 2011, compared to the same period on 2010, while unbranded pubs have not experienced such a strong performance.
At the same time, the pub channel has shown a 2.2% increase in traffic and a 1.4% increase in average individual spend, while full service restaurants have experienced a 4.4% decline in visits for the first quarter 2011.
The average individual spend in a pub for the year ending March 2011 was £7.98, compared to £9.44 for a full service restaurant.
There are also signs that eating out in pubs primarily appeals to middle income families, with 28% of their customer base in this same period falling in the £19,000 - £29,999 household income bracket and 28% in the £30,000 - £49,999 bracket.
Commenting upon the revival of foodservice in pubs, Guy Fielding, NPD's Business Development Director for foodservice said: "When the recession hit, people stopped eating out and either ate at home or traded down to fast food. Now, full service restaurants are still too expensive and they are out-pricing themselves, particularly with alcohol. But the value for money food on offer from pubs, at all points throughout the day, is enticing customers to return.
"The good news is that pubs are also attracting consumers back to the higher spend occasions, such as dinner and at weekends, when they can bring their children and the meal becomes a social occasion."
UK: Independent clothes shops in high street decline | News
Independent and start-up hospitality businesses, such as restaurants, pubs and cafes, are trumping independent retail stores on the UK high street, according to research by insurance provider Simply Business.A study of 75,000 high street businesses quoted by Simply Business since 2008 shows that last year 31% were restaurants, pubs or cafes, an increase of 2% since 2008.
In contrast, the number of independent clothes shops has declined, making up only 5% of high street businesses in 2010, compared to 6% two years ago.
The results suggest that independent fashion retailers are struggling to compete with the big high street chains and the increasing number of shopping malls, such as Westfield in London and the Bullring development in Birmingham.
"With the Government currently focused on increasing the number and diversity of independent retailers in Britain's towns, it's crucial that start-ups don't fall at the first hurdle and have every opportunity to compete with the big boys," said Jason Stockwood, CEO of Simply Business. "This means favourable planning laws, affordable business rates and easily accessible advice, support and finance."
UK Pub Sales News: Gloucester pub on sale for £30,000 leasehold
Property investors looking for pubs for sale might be interested to hear that the Fox & Elm in Tuffley, Gloucester, is on the market for £29,950 leasehold.
The Citizen reported that the premises include gardens, a three-bedroom flat and a dining room, with rent set at £16,000 for the next two years.
A skittle alley, children's play area and large car park are also part of the pub, which was last refurbished in 2004.
It also has 14 years left on a renewable Marstons Inns lease, while prospective investors might be pleased to hear that it turned over £180,000 in the last financial year.
Councillor Gerald Dee told the newspaper that it is hard for the pub to compete with cheap alcohol sold in supermarkets.
"I would like to see it continue as a successful pub but I am not sure if it could unless they started serving food," he added.
The Campaign for Real Ale noted that the site has hosted a pub for at least 60 years, having been known as the New Inn, the Blinking Owl and Fox & Elm over time.
15 Jun 2011
Cornish pub returns to Glastonbury
A taste of Cornish pub life will be returning to the heart of Glastonbury Festival next week, with St Austell Brewery’s hugely popular pub, The Cornish Arms.
Last year, for the first time, the Brewery recreated a typical Cornish pub at the heart of the festival, offering thousands of revellers a warm, Cornish welcome and a cool, refreshing pint of Cornish real ale. The Cornish Arms is the only bar at the festival serving cooled cask ale.
Over five days of trading the Cornish Arms sold a staggering 30,000 pints – and this year it’s expected to be even bigger and better.
Jeremy Mitchell, Marketing Director of St Austell Brewery, said: “Last year was our first time at Glastonbury and our first experience of an event on this scale - and what a fantastic experience it was.
“We knew it would be busy but had no idea just how busy. There was a fantastic reaction to our ales, with some people enjoying a little touch of home in the middle of the festival, and others trying our beers for the first time.
Bunk beds for punters proposed as solution to pub problems - Wales News - News - WalesOnline
Pubs in Cardiff could be saved from closure if they set up bunk bed services for their punters, a leading youth hostel company claims.
Hostel business Journeys says the humble bunk bed is key to saving many of our pubs from closing.
And the company is now on the hunt for interested pubs in the Cardiff area to join forces and set up hostel facilities.
Recent reports claim pubs are closing across the UK at a rate of 25 per week, while pub operator Punch Taverns announced in March it would sell off 2,500 of its pubs.
Meanwhile, the hostel industry is booming as travellers seek out cheaper accommodation options.
Journeys believes combining the two industries will help bring many pubs back from the brink.
14 Jun 2011
Site with planning for sale Staffordshire, Site with planning for sale Stoke-on-Trent
New Hall Street
New Hall Street
Stoke-on-Trent
Staffordshire
ST1
Gross Site Area: 7459 sq/ft*
£ 400,000
Part single storey and part three storey commercial building sitting on a gross site of over 7,400 sq.ft. The property is superbly situated in Hanley town Centre opposite a Tesco store and within immediate proximity of the Potteries Shopping Centre. There is enormous potential for redevelopment with planning consent already in place for over 9,500 sq.ft of retail and 27 flats (13 x 1-beds, 13 x 2-beds and 1 x 3-bed). There are also other angles with the site which might also include a 70-90 bed hotel. Site assembly may also be possible with the site forming a strategic piece of the pie in a larger local regeneration project. Please let us know should you have any queries or wish to arrange a viewing. Freehold
UK Pub Sales News: Travelodge to target former pubs for sale
Budget hotel chain Travelodge will be seeking former pubs for sale in order to expand its operations by 100 new small hotels.
The company unveiled plans to develop Metro accommodation, which would see smaller sites containing between 20 and 40 rooms each being launched in prime locations.
Office space in London is one area Travelodge is looking to develop into hotels, along with old pubs, derelict cinemas and theatres, disused business parks and retail outlets.
Guy Parsons, chief executive of the chain, commented that a pilot scheme in Edinburgh showed how successful the Metro model could be.
"Downsizing our hotel building requirements will open hundreds of development opportunities for us. This will enable us to expand quickly and meet the growing demands from consumers who want low cost and good quality accommodation in prime locations," he added.
Meanwhile, Travelodge has also announced plans to link up with pub companies, including Greene King, Mitchells & Butlers and JD Wetherspoon, as part of a £100 million expansion project.
10 Jun 2011
Pubs, Clubs, Hotels & Wine Bars For Sale: Pub Owners and Workers Beware; Protecting Your Business from Anti-Social Media
Pub Owners and Workers Beware; Protecting Your Business from Anti-Social Media
Employers may be aware of a recent case in which an Employment Tribunal found that JD Wetherspoons plc had fairly dismissed a pub manager for gross misconduct when she made damaging comments about customers on Facebook. Ms Preece was subjected to abusive behaviour by the customers, whom she asked to leave.She was then subjected to 3 abusive phonecalls, apparently from the customers' daughter, using very insulting language. Having dealt with these situations professionally, Ms Preece began to complain and swear about the customers by name on Facebook while she was working, although she did not mention the name of her employers or the pub.
In an age where many younger (and indeed not so young) employees stay in constant contact with friends through social media, what can or should employers be doing to avoid damage to reputation and disciplinary issues concerning ill-chosen online quips?
9 Jun 2011
Leeds: The houses that Joshua Tetley filled - Latest News - Yorkshire Evening Post
Published on Wed Jun 08 11:04:12 BST 2011Peter Lazenby looks back at a pub empire that, at its peak, saw the Tetley Huntsman hanging over the door of over 1,000 pubs in Yorkshire.
IN SUMMER, 1965, a party of French school students travelling through Yorkshire by coach for an exchange visit noticed a strange phenomenon.
They passed building after building carrying a swinging sign – a huntsmen, resplendent in red coat. What could it mean?
It was of course the Tetley Huntsman, symbol of the Leeds-based brewing and pub empire. The buildings were that very British institution, the public house as, the Yorkshire Evening Post reported, the French students were informed by the hosts at their school exchange destination, Ilkley.
Yorkshire was at the time full of Tetley pubs – more than 1,000 of them, on almost every street, every corner. These were “tied” houses, pubs owned by the brewery, guaranteed outlets for its products. The signs carried the words: “One of Tetley’s Houses.”
The Tetley pub empire was over a century in the growing. Having bought the Hunslet brewery in 1822, Tetley’s took over its first public house, the Duke William in Bowman Lane, near the brewery, in 1890. The Fleece at Farsley followed the same year.
The pub empire grew as Tetley played catch-up with other breweries who had already established pub chains. In the 20th century it reached 2,000.
Then in 1990 a Conservative Government introduced legislation forcing breweries to sell their tied houses, breaking up pub-owning monopolies.
The aim was to increase competition and the range of beers available in pubs. The actual effect was to create even bigger pub monopolies. Pubs were snapped up by “pubcos”– giant companies who took over thousands of pubs. Today 55 per cent per cent of Britain’s 53,000 remaining pubs are owned by pub chains. One company alone, Enterprise Inns, has around 6,000.
The old Tetley Huntsman sign is long-gone. Many Tetley’s pubs have disappeared. The Duke William was shut in 1953 and absorbed into the yard of the brewery. It was demolished by Tetley’s last owners Carlsberg in 2002 – an act condemned as cultural vandalism at the time.
Thankfully many of the characterful pubs remain – a reminder of the Tetley era in Leeds, now coming to an end with the brewery’s closure.
For example Tetley’s second pub, the Fleece at Farsley, is still going strong.
The Cardigan Arms in Kirkstall Road is a fine Victorian pub still open today, and its historic popularity, and that of other Tetley pubs, can be gauged by old records of their beer sales.
In 1906 it was selling 20 hogsheads a week, and one hogshead is 54 gallons. That’s 8,640 pints a week, and in a pub some distance from the city centre. Of course, in those days industry thrived along the Kirkstall Valley, and thirsty workers abounded.
A couple of hundred yards away is the recently-closed Rising Sun, bought by Tetley’s in 1923. At the time it was selling 24 hogsheads a week – 10,368 pints. In 1936 sales fell to 19 hogsheads, then rose in the war years in 1941 to 22.
The Britannia lives on at Holbeck. During one Feast Week on Holbeck Moor it sold a staggering 100 hogsheads of beer – 43,200 pints.
In the 1970s Tetley’s biggest-selling pubs were the Original Oak at Headingley – a community hosting an increasing number of students attending the University of Leeds – and the Fforde Green at Harehills. Only the Original Oak survives.
One of Tetley’s most memorable pubs was the Market Tavern, next door to Leeds Kirkgate market.
It’s nickname was the “madhouse”. It was owned by Leeds City Council, and in 1932 it was leased to Tetley’s for £550 a year. The council had higher offers from two other breweries, but opted for Tetley’s “because it sells the most popular brew in the view of the Corporation”.
The Market Tavern was an institution. It was said that at one time anything could be bought there. A pony? Pop back in a couple of hours and one would be tied up outside ready for a trial. A racing pigeon? No problem.
At day’s end unsold market produce appeared and disappeared under tables.
There were differing opinions about how the “madhouse” got its nickname. One was that it had problems with rats because of the proximity of the market. Some customers kept ferrets to catch rabbits in local parks to supplement the family pot. When the rat problem became serious they would unleash the ferrets in the pub. The resulting mayhem led to the “madhouse” soubriquet.
The Market Tavern was full of characters, all with nicknames: William “Pot Bill” Wileman, an ex-miner and ex-gentleman of the road, and his dog Babbie; Jimmy “Do Nowt” Ferney, a roofing tiler whose name explains itself; Romany Janey – she was Janie Lee, who was born in her parents’ horse-draw wagon at Appleby horse fair in North Yorkshire, and when too old to travel settled in east Leeds, telling fortunes and selling lucky charms around the market.
The language was colourful in the extreme. Many Market Tavern customers would not be served in many other Leeds pubs. But the Market Tavern’s last landlord and landlady, John and Margaret Jackson, had enormous respect for their customers, and it was reciprocated. It was an honour to meet such people.
In January, 1995, Leeds City Council shut the Market Tavern and demolished the building, ostensibly to make way for a few parking spaces. Locals believed the more likely reason was that the “madhouse” didn’t fit in with Leeds’ new image as a 24-hour “European city” with its pavement bars and cafes and the like.
Fortunately other former Tetley gems remain. There’s the Adelphi at Leeds Bridge, close to the Hunslet brewery, and therefore expected to keep its ale in finest fettle. It still does.
There’s the Garden Gate at Hunslet, the Queen in Burley Road, the New Inn and the Tommy Wass in Dewsbury Road, Wellington in Wetherby Road, Regent at Chapel Allerton, Regent in Regent Street, Deer Park in Street Lane, Three Horse Shoes in Headingley, Red Lion at Shadwell, Wellington at Wellington Hill, Brown Cow at Whitkirk, and in neighbouring Otley the splendid Bay Horse, Black Bull and recently re-opened Black Horse. These and other former Tetley pubs will soon be all that remains in Leeds of a proud era which lasted 189 years. Long may they carry the torch.
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The Premier League’s lessons for the pubcos - The Guv'nor - Morning Advertiser
For those of you who didn’t see the programme, let me give you a quick overview.
Sir Alan was looking into the finances of the Premier League since its conception and the changes that had come about with the marriage between the Premier League and Sky. Almost 20 years ago Sky changed the face of football forever with vast global televising of football and the monumental amount of cash that came streaming into the game.
Drawing similarities
Twenty years ago, pubcos were buying up swathes of pubs with billions of pounds in cash. Both on the face of it all good, but with hindsight both faced problems in the future.
There are 14 Premier League clubs with total debts of £3.5bn, two major pubcos with debts in excess of £6bn pounds. If more money than ever is coming into football, how and why the debt?
There’s no surprise if I say they’re spending more than they’re getting, with higher player wages being predominately the problem, 91% in the case of one premier club.
For pubcos, debt repayment on falling asset values is eating the millions generated through rents and the tie.
Analogy to pubs
More and more pubs are available to lease. However costs, utilities, pubco beer prices, food inflation and rising wage costs are leading to margin erosion, so the cost of running a pub — like a Premier League club — is becoming unsustainable. Premier League clubs need the next year’s TV deal to cover their overheads or the receivers are in. Pubcos have to keep rents strong and beer prices up or they’ll have the receivers in. Bad news for lessees as the by-product is overheads are too high. Upshot: you’ll have the receivers in.
To cut the programme short, Sir Alan’s biggest point was that if costs from the top are not controlled and evolution does not take place, the Premier League moving forward is potentially doomed to failure.
As for the pubcos, there is the same message. Reduce pub estates, reduce debt, reduce the overheads and pricing structure for rent and the tie, and there won’t be an industry lost. It will be leaner, stronger and a premier league of pubs going forward.
7 Jun 2011
Pub for sale Shropshire, Pub for sale Trench, Telford
6 Jun 2011
Pub for sale Greater Manchester, Pub for sale Millbrook, Stalybridge
Pub for sale Derbyshire, Pub for sale Chesterfield
5 Jun 2011
Pub for sale Gloucestershire, Pub for sale Gloucester
4 Jun 2011
Pub for sale Staffordshire, Pub for sale Stoke-on-Trent
Pub for sale West Yorkshire, Pub for sale Castleford
3 Jun 2011
Pub for sale Essex, Pub for sale Great Sampford, Saffron Walden
UK Pubs For Sale: Freehold Pubs For Sale: Beer Festival News; Crieff's Third Annual Festival
Crieff's third annual Charity Beer Festival will be jointly hosted by Crieff and Strathearn Rugby Football Club and Crieff Round Table on Friday and Saturday, June 10-11 in a marquee at the Braidhaugh Pavilion.The event has been a massive success in its first two years, attracting more than 1000 visitors and raising over £11,000 for charity. And as in previous years, all proceeds will be divided between the rugby club’s youth development programme and the Anthony Nolan Bone Marrow Trust.
The 21 real ales and three Scottish ciders which will be on sale have all been sponsored by local businesses and the organisers thanked them.
A spokesperson said: “We would encourage everyone who likes letting their hair down to come along and join in the fun.”
For more information click here
Pub for sale Staffordshire, Pub for sale Chesterton
2 Jun 2011
Freehold Pubs UK - Freehold Pubs & Hotels For Sale - UK Pubs For Sale
Freehold and Leasehold Public Houses, Hotels, Restaurants, Wine Bars and Pubs for Sale in the UK
Recent price cuts caused by breweries and pub companies offloading unprofitable, struggling, run down or delicensed pubs, bars, restaurants and hotels, are tempting property investors and developers to look at the potential locked up in freehold sites previously thought too expensive to run as a busines.
As a property investment or development opportunity, run down, disused or delicensed freehold pubs, bars and hotels are currently under market value and present excellent modernisation and refurbishment opportunities or are suitable for demolition and redevelopment into offices, shops, care homes, restaurants, flats or apartments
In English law, a freehold refers to the the ownership of real property, being the land and all immovable structures attached to such land. This is opposed to a leasehold in which the property reverts to the owner of the land after the lease period has expired. For an estate to be a freehold it must possess two qualities: immobility (property must be land or some interest issuing out of or annexed to land); and ownership of it must be of an indeterminate duration. If the time of ownership can be fixed and determined, then it cannot be a freehold.
We provide a full suite of commercial property services, from the disposal of a single pub for sale to the valuation and acquisition of licensed properties for corporate investors We also advise on pub company, pub chain or brewery pubs for sale in London, Glasgow, Birmingham, Manchester, Sheffield, Leeds, Liverpool, Bristol, Cardiff, Leicester, Hull, Newcastle and Bradford and .throughout the UK
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Freehold Properties For Sale: Freehold Pubs, Public Houses, Wine Bars, Restaurants & Hotels For Sale
We offer a comprehensive licensed property service including free appraisals of properties to be sold, let or purchased and competitive commission rates based on success only.
Read our Pub Sales Blog with the latest UK Freehold Pubs, Bars & Hotels for sale, news on pub closures, freehold pub sales, pub trade developments and brewey, pub chain and pubco asset valuations and disposals.
Change of Use and Planning Permission: . Redeveloping property to meet the demands of tomorrow's buyer is a highly cyclical and risky business and finding the perfect property for development does not happen by chance. The ability to determine your property investment needs, identify problem areas and ask the right questions will help you make the right property investment choice before you proceed with any agreement. Paramount Investments can advise on change of use and planning permission issues for leasehold and freehold pubs, hotels, clubs, bars, public houses and licensed properties for potential property investors and property developers
Mortgages for Pubs, Hotels and Licensed Properties: Once you have determined the financial needs and worked out what the investment may cost, searching for the right licensed property finance option will be much easier.
Please contact us for more information on pub, bar, hotel & licensed property sales, developments and investments.
Running a Pub or Hotel as a Business: If you are considering running a pub as a business, there are many options available. Paramount Investments can advise on pubs, hotels, clubs, bars, public houses and licensed properties available for sale, for lease or for rent in England, Scotland and Wales. We can also help you with pub fit out costs, fixtures and fittings, buildings insurance and contents insurance for pubs and start up costs