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bar business

sirak woldu
Posts: 3
23/06/2009 21:33:35
hi all

i am currently working as an engineer.i have been looking to get in to the business of running a bar. i am currently looking for a premises for lease. as i am new to this trade i would like to get as much information as i can. if anyone can help it would be great.

i have around 40k saved up

i need to understand about the business rate, rent and all the legal cost .

thanks

2 Replies
Derek Burgoyne
Posts: 7
24/06/2009 15:36:01
Hi, I am not sure what part of the country you are looking to run a bar. I deal with the lease of pubs and hotels in Scotland. With £40,000 you should be able to get a good business, however there are a lot of potential pitfalls to watch out for.

I can give you more info if you are thinking of coming to sunny Scotland ( well it is today).

www.burgoynesolutions.com
David Rhodes
Posts: 340
25/06/2009 12:33:45
The first thing to recognise is that £40,000 will not buy you a good business. A few thousand of that will go in purchase costs and you will also need money for stock and working capital.

The most important issue with pubs assuming you are looking at a tied pub with a pubco is to ensure that the deal is right otherwise you will simply be loosing all of your investment.

This is the site you need to look at especially the forums on there http://www.morningadvertiser.co.uk/

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