Punch Taverns Rent Hike Forces Pub Closure
A pub landlord says he may be forced to leave his business because the pub owners have hiked his rent up by 60 per cent, according to Bakewell Today.Dave Mountford, who has run the Rising Sun in Middleton-by-Wirksworth for four years, said the increase by Punch Taverns, the biggest pub company in the UK, would leave him with less than £10,000 per year to look after his family.
Punch has asked for a rent increase from £15,000 to £25,000 in June next year.
Over the past three years, Mr Mountford said he had tripled drinks sales at the pub.
He added: “They now make £85,000 per annum from the pub while we make £20,000.“I was stunned when Punch announced an increase of 60 per cent.
“If the rent increases we will be left with around £10,000 a year to live on.
14 Nov 2011
UK Pubs For Sale - Freehold Pubs For Sale: Punch Taverns Rent Hike Forces Pub Closure
UK Pub Sales News: Food sales could boost your pub's revenue
UK Pub Sales News: Food sales could boost your pub's revenue
By: Paramount-Magazine Published Date: 11 Nov 2011 12:15
People looking to buy a pub should consider the benefits of serving food, says the All Party Parliamentary Beer Group.
Robert Humphreys, secretary of the organisation, warned that times are still hard for many in the licensed trade but he said that it is still a very lucrative and rewarding industry for those prepared to research their market and try new things.
For many pub landlords that could be starting a food menu.
"Increasing the amount of food you sell if you have the market to justify it is a very sensible approach in times when alcohol consumption is slowly declining," he said.
"It can be a bit risky, you are sticking your neck out a bit further if you decide just to go into high quality preparation and service but the rewards are considerable if you get it right.
"If you are diversifying from a more traditional pub model which is beer-based into other business activity it is a very sensible way of spreading risk and expanding potential markets."
Mr Humphreys advised that anyone making the move into running a pub should firstly get to know the market and ideally have some kind of experience in the trade, whether that be as a member of bar staff or as a manager.
He added that, while serving food is undoubtedly a good idea for many, there is no set formula for a successful business. He said that it is important to weigh up the cost of supply and extra staffing, such as an on-site chef and waiters.
His comments come following claims made by Michelin Guide editor Rebecca Burr, who said that gastro pubs were far outperforming traditional ones during the recession.
Last month the Hand & Flowers public house in Marlow, Buckinghamshire became the first pub in the UK to be rewarded with two Michelin stars, the golden seal of approval for any eatery.
Stoke Newington Site with planning For Sale, Stoke Newington Property Investments For Sale
Greater London Investment Property for Sale Arundel Arms Boleyn Road Stoke Newington Greater London N16 Net Saleable: 8299 sq/ft* £ 1,100,000 Freehold The development is located on Boleyn Road at its junction with Shellgrove Road and is within easy reach of the superb range of elite shops, bars and restaurants of both Upper Street and Stoke Newington Church Street. The nearest transport links are: Highbury & Islington Station (Victoria Line and National Rail) and Dalston Junction mainline Stations. Planning permission has been granted for the demolition of existing public house and erection of a four-storey building comprising 9 flats (4x1 bed, 2x2 bed, 2x3 bed & 1x4 bed) together with 120 sqm. of A1 retail floor space and ancillary cycle spaces. Both demand and resale values in the area are good. Please note there is a Section 106 contribution and that this scheme is "car free" London Site With Planning for Sale 11 Nov 2011
Great Yarmouth Pub For Sale, Great Yarmouth Property Investments For Sale
UK Pubs For Sale - Freehold Pubs For Sale: November 2011
Ashton-in-Makerfield Hotel for Sale, Wigan
Freehold Pub For Sale In Ashton-in-Makerfield, Greater Manchester
Cross Keys Hotel
Ashton-in-Makerfield
Wigan
Greater Manchester
WN4Gross Site Area: 6439 sq/ft*
£ 200,000 + VAT
FreeholdLOCATION
The Cross Keys Hotel can be found on the corner of Golbourne Road and Dawber Street. The property is located under 2 miles from Bryn Railway Station and is in close proximity to the M6 Motorway.PROPERTY
The property is a large detached, two storey brick built building. The Cross Keys Hotel has a garden to the rear and has parking available to the front of the property.FURTHER INFORMATION
Vacant possession
Development potential (STPP)
Approx gross site area: 6,439sq.ft
Approx ground floor foot plate: 1,614sq.ft
Rateable Value: £6,600Unconditional offers are invited for our clients unencumbered interest.
The property represents excellent value for continued licensed use / owner occupation. There is also potential for redevelopment (residential / commercial / mixed use) subject to gaining the appropriate Local Authority consents.
Great British pint keeps getting greener, says BBPA | 3 November 2011 | Stock Market Wire
The British Beer & Pub Association said the Great British pint keeps getting greener -– 25 per cent rise in energy efficiency adds to great record for UK brewers• Energy efficiency up 25%, against a target of 20%
• £3m saving for UK brewers in Climate Change Levy payments
• Industry on target for a 67% reduction in carbon by 2020
• New CCA scheme must incentivise smaller brewers too, says BBPA’s Brigid Simmonds
The news that the UK brewing sector has exceeded its climate change targets in results published under the Government’s Climate Change Agreement (CCA). The British Beer & Pub Association (BBPA), which coordinates the brewing industry’s action to reduce CO2 emissions, says the results show the extent of the industry’s commitment to greener brewing and reductions in energy use.
The strong performance means brewers will save £3 million per year due to reduced Climate Change Levy payments. The BBPA is calling for the Government to ensure the future CCA scheme is affordable for small- and medium-sized brewers to join. This will maximise future carbon savings across the whole UK brewing industry.
The new results show that energy efficiency, the amount of energy used per pint of beer produced, has improved by 25 per cent against the already challenging target of 20 per cent. To produce the same amount of beer, this means a saving of 138,000 tonnes of carbon per year. The industry is firmly on track to meet its own, highly ambitious, target of a 67 per cent reduction in carbon emissions by 2020, from 1990 levels. This target was set out in its Brewing Green environmental performance commitments launched in December 2010.
Brigid Simmonds, BBPA Chief Executive, comments.
“These latest figures add to a great record on carbon reduction by UK brewers – but we will not stop here, as we take our environmental commitments very seriously. On top of our record on reducing energy and water use, we have a range of targets under our ‘Brewing Green’ commitments, and we will continue to develop these.
“The Department of Energy & Climate Change is now considering how to shape the next CCA agreement. It is important that the new scheme should be affordable for small- and medium-sized brewers to join.
“Breweries interested in the joining the new phase of the scheme should contact us so we can help them to benefit from the big financial savings the current members of the BBPA scheme are already enjoying.”
BBC News - Ipswich Brewery Tap pub issues own bonds to raise money
A pub in Ipswich is to issue its own bonds after failing to get bank loans.
The Brewery Tap, on the waterfront, will sell the £500 bonds to customers, who will get a 10% discount on food and drink in return.
Mike Keen, landlord, said: "We would consider putting the pub on the market if we can't raise this money."
Peter Herd, an independent financial adviser, said any investors would have to consider the possibility they could lose their money.
Cable thievesThe landlord said he hoped to raise £20,000 and claimed he would start repaying bond holders their £500 from June 2012.
The pub said the bonds were effectively loans made to them by customers, who would get a financial return in the form of the 10% discount rather than as interest.
Mr Keen said the pub had broken even in October, but they had to improve cash flow.
He said they had lost money last year when thieves stole cabling from the derelict former Tolly Cobbold Brewery nextdoor, which meant the pub had to use an electricity generator for two months.
The landlord who took over the pub two years ago, said: "You hear the government banging on about how they're pressurising the banks to loan to small businesses to kick-start the economy, and it's just not working.
"Customers have said 'if you want a loan or anything let's do it', so now we've structured it into a proper deal.
Names from hat"Bond holders would buy them in the knowledge they're helping their local at a time when about 27 pubs are going out of business each week."
Mr Keen said the repayments would be made, at the rate of one bond each month, by drawing names from a hat.
He added that the scheme would not begin until there were pledges to buy 20 bonds, although customers could buy more than one.
Peter Herd, independent financial adviser at Essential IFA in Ipswich, said: "It's a novel idea, but I think you would need to be a regular customer or friend of the pub and be prepared to lose the investment, as all investments are subject to potential loss.
"I would like to know how the bond is secured because this is not a regular corporate bond, so if the company went bust, what security has the client got?
"It sounds like something for supporters of the Brewery Tap, rather than an investment opportunity for the general public."
via bbc.co.uk
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