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I have been on the look out for a pub to let for some time primarily because I have always dreamt of owning a pub or a club.
I have recently noticed that it is becoming more common to find a pub to let as opposed to finding a pub for sale. This trend seems to be catching on and you can now find different kind of leases for pubs to let been advertised online Glenn Hubbard Jersey , offline and by estate agents and pub landlords.
If you are looking for a pub to let then you may need to find an agent who deals with commercial properties. There are hundreds of internet sites that list property to let but they usually concentrate upon residential lettings.
This is understandable as the turnover for residential lettings is much quicker and therefore generates revenue faster. Try to find a property portal or an estate agent that lists both commercial and residential properties and who listens to your requests whilst still suggesting possible alternatives.
Doing a quick search will give you some contact details but you must be prepared to spend time actively looking for the ideal pub, you will want to look at the location, local population, room for development and expansion as well as approved accounts that cover the past three years. When reading the accounts, take into account how your changes will positively affect the income of your pub.
You must also pay attention to the current state of the pub and if possible get expert advice as to cost for redecoration and other expenses you may need to incur to make the pub Dennis Eckersley Jersey , not only match your aspirations, but essentially to make it a profitable business.
It is a fact that over the last few years many pubs have been struggling to cope with the economic downturn – as well as the smoking ban and changes to licensing laws. Of course you will have your own ideas and aspirations about how to increase revenue, maybe you will be changing the menu, the interior design or arranging new events or believe that you can attract the right customers.
If you know your budget and the general location that you wish to begin trading, then