Ads not shown when logged in
Results 1 to 3 of 3

Thread: Pubs in peril being bought on the cheap

  1. #1
    Between pubs sheffield hatter's Avatar
    Join Date
    Oct 2010
    Location
    Sheffield
    Posts
    4,350

    Default Pubs in peril being bought on the cheap

    Pubs driven to financial ruin by the impact of the pandemic could be bought up on the cheap under plans being drawn up by JD Wetherspoon as well as by a new venture fronted by the former boss of Greene King.

    In a statement to investors, Wetherspoon said it was raising up to £93.7m by placing new shares.

    It said the money would be used to strengthen a balance sheet damaged by the pandemic and offset the impact of an expected slow start once pubs reopen.

    But the 871-strong pub chain said the money would also “facilitate the acquisition of new properties, which are likely to be available at favourable prices, as a result of the pandemic”.



    https://www.theguardian.com/business...0-covid-grants

    "Nearly three-quarters of the pubs promised a £1,000 grant by the prime minister to help them survive the loss of Christmas sales in England are still waiting for the money, the British Beer & Pubs Association (BBPA) said.

    The grants, which local councils have been asked to distribute, were intended to help “wet-led” pubs, which do not serve food and instead rely on alcohol sales, leaving them particularly exposed to Covid-19 restrictions. Venues that did not serve food were unable to open over the traditionally lucrative Christmas period.
    "
    Come On You Hatters!

  2. #2
    This Space For Hire
    Join Date
    May 2009
    Location
    Oscillating between Surrey and York
    Posts
    918

    Default

    And here's the original story on the Rooney Anand side of it: https://news.sky.com/story/ex-greene...ector-12192484

    Probably a no-brainer, as there will be a lot of pubs/chains/breweries going at 'distressed' prices before long. I suppose there is a positive side in that there might be a slightly higher chance of them being reopened than if a local property company grabs the premises.
    On leaving the bar, I felt a strong blow to the back of my head. Turning round, I discovered it was the pavement

  3. #3
    Teetotal
    Join Date
    Feb 2021
    Posts
    1

    Default

    You don't want them to run an empty shift because you'll learn nothing about them, but chucking them in on a Friday or Saturday night on an unfamiliar bar will also teach you nothing. I find that pool or darts league nights are often good nights to use as they'll have teams buying big rounds, giving them a small amount of pressure UPSers Login
    Last edited by Tressie; 09-02-2021 at 10:34.

Similar Threads

  1. Disappearing and 'in peril' breweries
    By Quinno in forum Chit Chat
    Replies: 563
    Last Post: 08-03-2024, 06:57
  2. Shut up about Barclay Perkins - Bought meat in public house
    By Blog Tracker in forum Blog Tracker
    Replies: 0
    Last Post: 22-01-2019, 10:16
  3. Called to the Bar - My girlfriend bought the voucher for me
    By Blog Tracker in forum Blog Tracker
    Replies: 0
    Last Post: 11-02-2014, 10:20
  4. CAMRA - bought and sold for Spoonsie gold?
    By Soup Dragon in forum Chit Chat
    Replies: 27
    Last Post: 11-08-2013, 14:44
  5. Shut up about Barclay Perkins - Boy Bought Beer
    By Blog Tracker in forum Blog Tracker
    Replies: 0
    Last Post: 02-11-2012, 07:24

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •