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12-01-2024, 14:40
Visit the Tandleman's Beer Blog site (http://tandlemanbeerblog.blogspot.com/2024/01/best-of-luck-with-that-one.html)
Hot on the heels of me writing about the difficulties some pubs are facing, causing them to operate on reduced hours, I read with a degree of astonishment that the number of applicants to run pubs is running rather high at the turn of the year. It seems January is the peak time for this optimistic attitude, with, according to the good old Morning Advertiser, numbers up by over 50%. As the MA puts it,“New year, new me.
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQUHRR_hmxDGFmN8ZI9Hi39gyQczJU7ntWPthP_A5hX9 H0CoMS_RiSfEmpnYw3xbRpQGNGVLPDCPU5S7Dn9tHvxGdm_ERX KVCr2m5MJaVQVhQkF83WP1aI2gbYu6vPn8YVn8t8g705obs6wW kHuTWWfCDoN8AK3ywX3ZbqRZ5XlB6ekxkoJ-Fgz0iyCacJ/s320/Pub-2.jpg (https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQUHRR_hmxDGFmN8ZI9Hi39gyQczJU7ntWPthP_A5hX9 H0CoMS_RiSfEmpnYw3xbRpQGNGVLPDCPU5S7Dn9tHvxGdm_ERX KVCr2m5MJaVQVhQkF83WP1aI2gbYu6vPn8YVn8t8g705obs6wW kHuTWWfCDoN8AK3ywX3ZbqRZ5XlB6ekxkoJ-Fgz0iyCacJ/s700/Pub-2.jpg)
"So often the cry of someone who managed to survive the previous 365 days despite facing hammer blows all the way, with the intention of reversing such misfortunes in the time it will take for the Earth to revolve around the sun again."Well, it may well take longer than that if the current difficulties facing the trade are anything to go by, and while it is good to see prospective pub operators - both buyers and sellers - looking on the bright side, it would seem to this writer that it somewhat flies in the face of how the economy is faring now. Of course, good sites and pubs - and there are some - will always attract interest, but I wonder just how much of this activity is at the wet lead end of things, and how much is in the more deprived areas of the country.
The companies quoted are Admiral Taverns, Marstons, Greene King and Star Inns and Bars (aka Heineken), who are particularly keen to emphasise that around £4000 can get you started. Heineken are also happy to say their new model means less risk (for them). How do they do this? Easy. They tell the MA that they buy all the products and set all the prices. That's all right then, isn't it?
If you feel inspired, the article is here (https://www.morningadvertiser.co.uk/Article/2024/01/05/New-year-is-a-busy-period-for-applications-to-run-a-pub). Don't all rush at once after reading it.
The Morning Advertiser is always worth a read, though you have to register after two articles.
I notice, too, that Stonegate Pub Company with 4500 pubs and 19,000 workers is seeking to refinance £2.5 billion worth of debt. Pub companies are always a worry.
More... (http://tandlemanbeerblog.blogspot.com/2024/01/best-of-luck-with-that-one.html)
Hot on the heels of me writing about the difficulties some pubs are facing, causing them to operate on reduced hours, I read with a degree of astonishment that the number of applicants to run pubs is running rather high at the turn of the year. It seems January is the peak time for this optimistic attitude, with, according to the good old Morning Advertiser, numbers up by over 50%. As the MA puts it,“New year, new me.
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQUHRR_hmxDGFmN8ZI9Hi39gyQczJU7ntWPthP_A5hX9 H0CoMS_RiSfEmpnYw3xbRpQGNGVLPDCPU5S7Dn9tHvxGdm_ERX KVCr2m5MJaVQVhQkF83WP1aI2gbYu6vPn8YVn8t8g705obs6wW kHuTWWfCDoN8AK3ywX3ZbqRZ5XlB6ekxkoJ-Fgz0iyCacJ/s320/Pub-2.jpg (https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQUHRR_hmxDGFmN8ZI9Hi39gyQczJU7ntWPthP_A5hX9 H0CoMS_RiSfEmpnYw3xbRpQGNGVLPDCPU5S7Dn9tHvxGdm_ERX KVCr2m5MJaVQVhQkF83WP1aI2gbYu6vPn8YVn8t8g705obs6wW kHuTWWfCDoN8AK3ywX3ZbqRZ5XlB6ekxkoJ-Fgz0iyCacJ/s700/Pub-2.jpg)
"So often the cry of someone who managed to survive the previous 365 days despite facing hammer blows all the way, with the intention of reversing such misfortunes in the time it will take for the Earth to revolve around the sun again."Well, it may well take longer than that if the current difficulties facing the trade are anything to go by, and while it is good to see prospective pub operators - both buyers and sellers - looking on the bright side, it would seem to this writer that it somewhat flies in the face of how the economy is faring now. Of course, good sites and pubs - and there are some - will always attract interest, but I wonder just how much of this activity is at the wet lead end of things, and how much is in the more deprived areas of the country.
The companies quoted are Admiral Taverns, Marstons, Greene King and Star Inns and Bars (aka Heineken), who are particularly keen to emphasise that around £4000 can get you started. Heineken are also happy to say their new model means less risk (for them). How do they do this? Easy. They tell the MA that they buy all the products and set all the prices. That's all right then, isn't it?
If you feel inspired, the article is here (https://www.morningadvertiser.co.uk/Article/2024/01/05/New-year-is-a-busy-period-for-applications-to-run-a-pub). Don't all rush at once after reading it.
The Morning Advertiser is always worth a read, though you have to register after two articles.
I notice, too, that Stonegate Pub Company with 4500 pubs and 19,000 workers is seeking to refinance £2.5 billion worth of debt. Pub companies are always a worry.
More... (http://tandlemanbeerblog.blogspot.com/2024/01/best-of-luck-with-that-one.html)