Gary
Premium Member
Registered: 22nd Nov 06
Location: West Yorkshire
User status: Offline
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As above. With two friends.
One of them has run this pub before and was taking good money. But the current manager is useless and the place is nearly bankrupt.
The lease is owned my a friend of all three of us and will sonn be worth next to nothing, but the guys who own the building will be selling soon.
And were all thinking of getting a brewery loan for the building and some extra for rennovation.
This place has massive potential and would be a good earner on the side.
Anyway, back to the point. Anyone on here own/co own a pub etc, and have any information on anything to do with owning a pub??
[Edited on 27-02-2007 by Gary]
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
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There's a chap registered on here named Woody@DC whose parents run one, might be worth taking to him.
[Edited on 27-02-2007 by Ian]
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Gary
Premium Member
Registered: 22nd Nov 06
Location: West Yorkshire
User status: Offline
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cheers ian 
[Edited on 27-02-2007 by Gary]
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Robin
Premium Member
Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
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How much is it?
I'd like to own a pub 
Iaz (FlamingCorsa) is buying one soon, have a word with him too...
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Gary
Premium Member
Registered: 22nd Nov 06
Location: West Yorkshire
User status: Offline
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You don't wanna know how much the building is worth, lol.
Put it this way, you could buy 5 very nice houses for the mount its worth, lol.
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Matt H
Member
Registered: 11th Sep 01
Location: South Yorkshire
User status: Offline
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quote:
Originally posted by Gary
would be a good earner on the side.
Would it be on the side though? Or would it take up more time than you think it would?
My guess is the 2nd option
Does it have a big car park? Do you do 2 for 1 
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Gary
Premium Member
Registered: 22nd Nov 06
Location: West Yorkshire
User status: Offline
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Lol, i thinnk the plan would be, to put a lot of work in at the biggining, then get a manager in when its up and running.
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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It's not as easy as people imagine - I spent 10 years helping to build one up from nothing; literally a shell of a building - then I spent the last four years running the place 15-20 weeks of the year, as the owner was a fish merchant so disappeared when i got back from uni.
Its very long hours and a very big commitment; also customers are very fickle - they can be loyal one second and gone the next.
Also do you plan to have a menu or just be a drinking establishment?
I'm planning on buying a restaurant/small hotel with the missus in the coming 5-10 years; and its soemthing that you have to love or you would soon get pissed off with the lifestyle.
Early mornings for deliveries and ever increasing late nights make the lifestyle hard but if you have a passion you'll succeed - if not it'll go tits up
oh rough price guide for the business would be 2.5 times the revenue per annum of the business plus an amount for the building itself.
I'm suprised you say that the building's expensive though; pubs/restaurants tend to be worth little comparatively to the land they sit on
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Whittie
Member
Registered: 11th Aug 06
Location: North Wales Drives: BMW, Corsa & Fiat
User status: Offline
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My mate owns a pub, will give him your number gaz.
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Gary
Premium Member
Registered: 22nd Nov 06
Location: West Yorkshire
User status: Offline
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the building is fairly big, at the moment is consists of, the pub, nightclub, function room, a load of store rooms, office, and a flat.
The plan would be to gut it, and knock thru into the nightclub to turn it into one room, with a seating area for food.
One of the guys who i would be doing it with used to runa it a yr or so back and it used to take in the region of 20k a week. But has gone downhill with the new manager and is full of scruffs and wankers on an evening. They would be gotton rid of and ould be turned into a more family orientated pub, real food etc.
I know it would me a lot of hard work, and im prepared to do it becuase it would be worth it in the long run
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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has it got kitchens already/ suitable kitchens should I say; as you'll be looking at somewhere in the region of £50k-£75k + to fit out a kitchen properly
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Gary
Premium Member
Registered: 22nd Nov 06
Location: West Yorkshire
User status: Offline
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It has no kitchen facilities, no. It needs looking into in depth still, but may not happen, it all depends on wether the guys that own the building are willing to sell up, as it's thier reterment fund.
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Nismo
Member
Registered: 12th Sep 02
User status: Offline
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My dad used to own a club , and its hard work. He used to spend all his time there, and fell out with some good friends that he employeed and its definatley a learning curve!!
Fair play if you wanna do it though , these things can only end up 2 ways!
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Gary
Premium Member
Registered: 22nd Nov 06
Location: West Yorkshire
User status: Offline
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If it works out, im gonna go for it, you only liove once at the end fo the day.
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Dave A
USER UNDER INVESTIGATION - DO NOT TRADE
Registered: 10th Dec 03
Location: County Durham
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if you have the money and the knowledge to do it, go for it if its a viable business.
can see it costing a massive amount of money though, most refurbs in a kitchen would cost well into the £75K mark
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Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
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Only thing is if it's that big and it's not got the best of reputations it would be alot of work getting more customers in than even there used to be before the new manager and 'scruffs' started taking it over.
Sounds like a nice idea but i'd be inclined to do it on a smaller scale first.
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Gary
Premium Member
Registered: 22nd Nov 06
Location: West Yorkshire
User status: Offline
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Tom, its been turned around before, can be done again.
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Eck
Premium Member
Registered: 17th Apr 06
Location: Lundin Links, Fife
User status: Offline
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If you do get it I'll be coming down 
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Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
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Corsasport pub meet?
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mk4_astra
Member
Registered: 15th Oct 03
Location: aylesbury,bucks
User status: Offline
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gary your not going through punch are you???
if you are, dont!
[Edited on 27-02-2007 by mk4_astra]
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Eck
Premium Member
Registered: 17th Apr 06
Location: Lundin Links, Fife
User status: Offline
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Drinks on the house? I'll be there
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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quote:
Originally posted by mk4_astra
gary your not going through punch are you???
if you are, dont!
[Edited on 27-02-2007 by mk4_astra]
THEY'VE JUST BOUGHT THE PUB I USED TO RUN 
in 3 months there have been 3 sets of tenants! awful company
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Jill
Premium Member
Registered: 8th Jun 01
Location: Aylesbury, BUCKS
User status: Offline
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quote:
Originally posted by mk4_astra
gary your not going through punch are you???
if you are, dont!
[Edited on 27-02-2007 by mk4_astra]
Yep defo agree! the pub I work in (at my part time job) used to be a Punch pub, was so glad when it got taken over by another company...
quote:
Originally posted by Gary
Anyway, back to the point. Anyone on here own/co own a pub etc, and have any information on anything to do with owning a pub??
[Edited on 27-02-2007 by Gary]
In all honesty Gary I think maybe you should actually experience what it is like to work in a pub. It's all good and well thinking what a good idea it will be and the like. But unless you have actually worked in one maybe it's not for you cos certain people aren't cut out to run/work in a pub. Unless you're all going to get someone in to run it for you? Ifnot, have you thought about getting your NLC (national licensee certificate) and that side of things? It's hard work running a pub so good luck to you if it all goes through for ya
JILL 
[Edited on 27-02-2007 by Jill]
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expire
Member
Registered: 24th Jan 06
Location: Shirley, Southampton
User status: Offline
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Iaz owns or joint owns one doesnt he?
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LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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im lookin into it with my mum. and it'll take up more time than you think. side job its more like 80 hours a week
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