Frequently Asked Questions

Question

Freehold

Leasehold

Tenancy

What is the difference Between Freehold, Leasehold & Tenancy?

You buy the building and business outright

You pay for the business fixtures and fittings and rent the building

You normally buy the fixtures and fittings and rent the building

Am I tied to a brewery?

You own the business, you trade as you wish, but you may be tied to your loan deal

You may be partly tied to a brewer for some drinks and machines but the rest will be up to you

You will normally be tied for all drinks and Nominated suppliers with the brewery

Do I need experience?

Not essential but lenders like to see some business knowledge and a Business Plan.

Not essential as most Pub Company’s have compulsory training courses, And will insist on a Business plan

Many Pub Company’s have their own courses and many tenants are "first timers"

Do I need qualifications?

You will need to hold a Personnel Licence, This is granted by your local authority, you will need to attend a BII NLCPLH (British Institute of Inn-keeping) (National Licensee Certificate for Personal License holders) and Health and Hygiene Certificates which you would gain on most training courses

Can I borrow money?

Generally up to 70% or so of the purchase price

Possibly on well traded operations or if security is offered then some funds could be available

No. Possibly overdraft type facilities but you can get some tenancies for very little outlay

What am I buying?

The price is a mix of the property and business value, stock and your own costs are normally extra.

The premium is for the existing trade and value of the lease, fixtures and fittings are sometimes included or an addition. We indicate this in the details of each pub.

You are buying the fixtures and fittings, stock at an agreed amount with a valuer.

What other costs are there when I go into the pub?

Stock is bought on the day of the take-over. You will probably have solicitors, licences and stamp duty to pay

You may have to pay rent in advance as well as a deposit plus stock and solicitor fees

  There is normally an ‘Approx ingoing’ cost quoted to you which estimates the stock and takes into account the valuers fees, working capital and security deposit.

What’s next?

Hopefully you will have decided what type of pub you are looking for.

Contact us and we will help you find your perfect pub Register
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