Deciding To Buy Or Rent
Mark S. Elliott has spent 25 years working in various management roles within the tenanted and leased divisions of the UK's largest breweries and pub companies. His extensive knowledge and day-to-day involvement with pubs and publicans make him well qualified to know what is required to run a successful pub. He shares his knowledge and many 'insider tips' with you in this book. Mark is based in Cockermouth, Cumbria.
DECIDING TO BUY OR RENT
Deciding whether to buy or rent your pub is often determined by the capital you have available, plus any amount you can borrow. An average tenancy or new lease will require capital in the region of £ 15,000–£ 40,000. Buying an existing lease, on assignment, can cost on average between £ 75,000–£ 150,000 and buying a mid-range freehold pub will cost between £ 300,000 and £ 500,000.
Other factors that will influence your decision will be your attitude to risk and the level of support you will need. Tenancy and leased pubs often have the backing of a brewery or pub company who will provide training and ongoing support. With a freehold pub there is no such support.
