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How to Run a Successful Pub

Summary Of Funding Sources And Other Support

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.

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SUMMARY OF FUNDING SOURCES AND OTHER SUPPORT

 

Tenancy

New lease

Lease by
Freehold

assignment

Your own funds

Yes

Yes

Yes

Yes

Re-mortgaging
your own property


Yes –
subject to
available
equity


Yes –
subject to
available
equity


Yes –
subject to
available
equity


Yes –
subject to
available
equity

Family & friends

Yes

Yes

Yes

Yes

Loan
(unsecured)

Possibly –
but normally
limited to
£20–£25K

Possibly –
but normally
limited to
£20–£25K

Yes –
but normally
limited to
£20–£25K

Yes –
but normally
limited to
£20–£25K

Loan
(secured)

Possibly –
if using other
collateral

Possibly –
if using other
collateral

Yes –
may lend up
to 50–60%
of lease value

Yes –
may lend up
to 70% of
property value

Overdraft

Yes

Yes

Yes

Yes

Commercial
mortgage

No

No

No

Yes –
may lend up to
70% of property
value

Brewery loan

No

No

Possibly –
if free of tie

Yes –
may lend up to
80% of forced
sale value

Fixtures and
fittings repayment
plans

Possibly

Possibly

No

No

Deposit
build-up

Possibly

Possibly

No

No
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