Valuable Pub Information
To be a successful licensee you'll need to have a strong personality, a great work ethic, lots of patience, and above all enjoy the lifestyle change. It really isn't just a nine to five! In addition to that you must have a personal licence also known as an NCPLH qualification.
There are some fantastic business opportunities with some of the leading pub companies, who are looking for successful business partners to maximise the profitability of their pubs. Making the decision to join the pub trade can be daunting and you need to be clear on what your ambitions are. We will assist you from youre very first enquiry to securing your first pub.
Our view is that we have experience within all sectors of the licensing trade and hope that we can help you make the best decision for you as an individual.
In our experience the key to success is finding the right person, for the right pub, on the right agreement and this is the same rule of thumb whether you are taking a tenancy, nil premium lease, lease purchase, free house purchase or management business opportunity.
We would advise you to review all types of pub tenancy and lease agreements and the relevant codes of practice for each landlord prior to making any commitment. To help you through this process we also endorse completing PEAT (Pre Entry Awareness Training). This is an online qualification that gives you an excellent insight in this sector. Running a pub tenancy or lease can be a rewarding, enjoyable and profitable enterprise , especially if you have made the right choices and are already aware of your limitations and expectations. There is much to consider before you begin, and we suggest that firstly you write a list of all that is important to you both financially and personally and do not deviate from this list.
For example:
How much capital do you have to invest?
Do you need to be in a specific location?
What style of operation do you want to run?
What level of earnings do you need to achieve?
How many bedrooms do you need in the living accommodation?
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