Licensed Property News: 2012 could be a good year to buy a pub

By: Paramount-Magazine  Published Date: 14 Feb 2012 17:13

This year looks like being a good time to invest in the pub trade.

Despite stories of doom and gloom, a survey conducted by business advisory firm Zolfo Cooper shows that the number of people visiting public houses is on the up.

On average Brits visit the pub 4.6 times a month. This is up from 4.3 per cent per month since last summer and significantly higher than in 2010.

However, the research shows that the average person is spending a little less on each visit, not that it really matters to landlords when they are calling in more often.

Similarly, UK restaurants and night clubs are reporting that while spending has slightly decreased the number of visits has risen.

Paul Hemming, partner of corporate advisory services at Zolfo Cooper, said: “Consumers now recognise that they still afford to go out regularly and enjoy themselves, provided they spend a bit less on each night out.”

Pete Brown of the Publican’s Morning Advertiser recently pointed out that 2011 was actually a very good year for the licensed trade despite stories to the contrary.

via paramountmagazine.co.uk

Posted via email from UK Pubs For Sale And Development