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Mobyduck
19-06-2012, 00:10
Does anyone know the state of play with The Retreat in Reading,I heard rumors a few months ago that the lease is not being renewed and having had a look on that other site:eek:,there are a few posts seemingly backing this up,but as usual with the other place you have to separate the wheat from the chaff.Maybe Quinno's got his ear to the ground in this neck of the woods. It would be a shame if this excellent pub fell by the wayside.

Quinno
20-06-2012, 00:28
Does anyone know the state of play with The Retreat in Reading,I heard rumors a few months ago that the lease is not being renewed and having had a look on that other site:eek:,there are a few posts seemingly backing this up,but as usual with the other place you have to separate the wheat from the chaff.Maybe Quinno's got his ear to the ground in this neck of the woods. It would be a shame if this excellent pub fell by the wayside.

Via a variety of sources:

-They hold a ten year Enterprise lease, the freehold having subsequently been purchased by Admiral Taverns. The lease expires in November.

-They have been attempting to negotiate a new lease since last November. In that period they have had four BDMs, two of them twice, so there has been no continuity either of negotiations, or even day-to day business issues.

-They have been clear that they wished a free of tie lease, particularly since a competing Admiral pub in Reading, the Nags Head, has successful negotiated one. They have now been told that Admiral no longer offer a free of tie option, that the deal made with the lessees at the Nags was a 'gross error' and that Free of Tie leases are only offered to lessees wishing to run ethnic restaurants. :confused:

So overall, it's not looking good for the Retreat. Worst case is that this is Admiral positioning themselves to declare the business unviable and turn it residential.

Mobyduck
20-06-2012, 07:07
Via a variety of sources:

-They hold a ten year Enterprise lease, the freehold having subsequently been purchased by Admiral Taverns. The lease expires in November.

-They have been attempting to negotiate a new lease since last November. In that period they have had four BDMs, two of them twice, so there has been no continuity either of negotiations, or even day-to day business issues.

-They have been clear that they wished a free of tie lease, particularly since a competing Admiral pub in Reading, the Nags Head, has successful negotiated one. They have now been told that Admiral no longer offer a free of tie option, that the deal made with the lessees at the Nags was a 'gross error' and that Free of Tie leases are only offered to lessees wishing to run ethnic restaurants. :confused:

So overall, it's not looking good for the Retreat. Worst case is that this is Admiral positioning themselves to declare the business unviable and turn it residential.
Thanks Quinno,that doesn't sound so good:(. But by the sounds of it a stroke of luck for the Nags Head, I suppose we can be thankfull for that:glass:

trainman
20-06-2012, 12:21
Free of Tie leases are only offered to lessees wishing to run ethnic restaurants. :confused:

Utterly effin unbelievable!