Resolved Question
I want to Own/Lease a pub?
I know im only 18 and cant do this yet, but my dream is to own a pub or at least rent/lease one.
how would i be able to do this, im clueless i just know i'd love to do it, it would be my perfect job.
I guess i best start saving now? ha
how would i be able to do this, im clueless i just know i'd love to do it, it would be my perfect job.
I guess i best start saving now? ha
Best Answer - Chosen by Asker
As "Away with the Fairies" says, the licenced trade is a lot of hard work over very long hours and the rewards are not huge. Provided you're prepared for that - 7 days a week with only Christmas Day and Easter Sunday off - there's a lot to learn.
Getting a job in a pub is a good start so that you see what goes on and what sort of situations you would have to manage.
You'll need your licence, both for yourself and for the premises you're managing or owning.
If you buy a freehold pub you have control over everything and any profit you make is yours. If you lease one, you're tied to the brewery's supplies, plus you have to pay them an amount every year for leasing it (£30k is not unusual or even more). That means that, although it's cheaper to buy a lease than a freehold, you've recurring expenses that have to come out of what you take before you start making a profit. If you manage a pub then you're on a salary the same as anyone in any other managerial post would be.
It's worth speaking to your local Business Link about what you'd like to do. They provide free help and advice on starting a business. They also have information on particular industries. They're very good on the food side of things, too, if that's something you'd want to include in your business. Some of the breweries - Everards and Greene King, for example, run courses about running a pub. I haven't checked but there's probably a fee for those.
Have a look at Fleurets web site for ideas of how much pubs cost to acquire as a bit more background information.
Good luck!
Getting a job in a pub is a good start so that you see what goes on and what sort of situations you would have to manage.
You'll need your licence, both for yourself and for the premises you're managing or owning.
If you buy a freehold pub you have control over everything and any profit you make is yours. If you lease one, you're tied to the brewery's supplies, plus you have to pay them an amount every year for leasing it (£30k is not unusual or even more). That means that, although it's cheaper to buy a lease than a freehold, you've recurring expenses that have to come out of what you take before you start making a profit. If you manage a pub then you're on a salary the same as anyone in any other managerial post would be.
It's worth speaking to your local Business Link about what you'd like to do. They provide free help and advice on starting a business. They also have information on particular industries. They're very good on the food side of things, too, if that's something you'd want to include in your business. Some of the breweries - Everards and Greene King, for example, run courses about running a pub. I haven't checked but there's probably a fee for those.
Have a look at Fleurets web site for ideas of how much pubs cost to acquire as a bit more background information.
Good luck!
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Other Answers (1)
- Approach a brewery and start with managing a pub for them. But are you sure you want to do that? It's a rotten job, long hours, little reward and a very declining business.
Have a look on www.greenekingpubs.co.uk - we have some great pubs available for lease and also run training courses which will set you on the right road
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