Funding a pub tenancy
How to buy a pub part 1
Buying your first pub is a huge step, moving away from the safety net of the monthly wage packet and into your own business is a great opportunity but one not to be taken lightly.
What are you buying? All you get in a tenancy is the fixtures and fittings and the right to trade from the premises. That means you need to take some time to make an assessment of the business and ensure it looks profitable.
Next, consider the potential. It’s important that you can take the business forward – if you don’t have any great ideas for the unit then don’t take it, the country is full of mediocre pubs with operators who don’t seem to care!
What are you going to contribute? Traditionally tenanted pubs are a beginners way into the pub trade but as the pub-companies change their business models we’re seeing more large, successful units coming into tenanted or franchise agreements.
The cash you can put in is great but should you sell your house? Is there funding available?
Before you move forward speak to one of our Acorn.finance experts. Arranage a free, no-obligation consultation and find out what your options are.