Setting An Ingoing Date
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.
SETTING AN INGOING DATE
During the course of your discussions, you will need to agree an ingoing date. In some circumstances, this may be dictated by the previous tenant insisting on leaving on a particular date. Where you do have some flexibility over choosing a date, you need to bear in mind how many things you will need to organise before you move in. The timescale will also be heavily influenced by whether you are taking a tenancy, new lease, lease assignment or purchasing a freehold.
Taking a tenancy is the simplest and quickest procedure (not requiring a lengthy legal process or property surveys). New leases, assignments and freehold purchases can take between 8–12 weeks to complete. (Some breweries and pub companies allow you take the pub on a form of temporary tenancy beforehand while the lease is being dealt with behind the scenes.) Any requirement for additional finance will also take time to arrange. It is best to be realistic about how much time you need to get yourself prepared to take on your pub. It is a stressful time and being highly organised and calling on your support network for help will make things easier for you.
