Factors To Consider When Looking For A Pub Tenancy
When you have decided to change careers and become a pub landlord, it is an exciting time in your life, and it can be the first step to a rewarding career in hospitality. However, you do not want to rush into choosing a tenancy, and there are various factors to consider before deciding on the ideal pub. You must also keep in mind that there is much more to running a pub than being at the end of the bar and drinking with the locals, as it will also require lots of hard work. Below, you can see some advice and tips to help you select the perfect tenancy for your first pub to help you choose the ideal one to help your new career be highly successful.
Who Will You Work For?
One of the first things you need to do before starting to find a pub to let is to decide on the company you will work for, and there are many breweries and pub management companies you can consider. You will want to look at the various companies and the available properties and decide which one you prefer to work for, as they are all similar, but each has pros and cons. Once you have selected the company you would like to work for, you must look at their available pubs and consider various factors before deciding which one you prefer.
Which Part Of The Country?
You will find that some pub management companies are regional, while others have tenancies available throughout the country, so you must decide where you prefer to be located. You may want to have a new start and move somewhere new, or you could also want to stay close to friends and family, and there are options to suit all preferences. Once you have decided where in the country you prefer, and what company you prefer to work for, you can start to look at the available public houses you can rent and see what is available.
Your Preferred Type Of Pub
There are different types of pubs that you can manage, so you will need to decide what is the best option for you. You might prefer to run a traditional local pub at the heart of the community or one that is more food-based. You can also run a family-orientated pub or one that is at the heart of the nightlife in the local area. The managerial roles in all these pubs will be similar, but each type of pub has its nuances and will require different skills to succeed.
The Perfect Location
Whatever pub you prefer to run, you must ensure it is in a good location before agreeing to a tenancy. Ideally, your pub will have a large customer base that regularly visits the establishment, but you will also prefer to have a lot of passing trade, with people walking in to try your food and drink. Pubs are like people and come in all shapes and sizes, but the location is much more important to the pub’s success than its size. The ideal location will depend on where you are looking for a tenancy and what part of the country you wish to be in, but there are other factors you must also consider.
Employ Some Experts
Before agreeing to a tenancy, when you think you have found the ideal pub, it is worth the time and expense of employing some experts to look at the viability of running the pub. You can have a structural survey done on the pub to ensure that it is structurally sound before agreeing to a tenancy, and you can also have an accountant look at the company books to see if it is economically viable. It is also worth using the services of a solicitor to check the tenancy contract and ensure you know and understand everything that is included in the agreement that you sign, including all charges and any potential penalties.
Have A Plan
Once you are happy with everything and you have found the ideal pub, you will need to formulate a plan to ensure the success of your venture. You will need to ensure your pub is adequately staffed and develop a marketing strategy to help attract new business to your establishment and ensure its success. You can market your pub to draw in new customers in many ways, and you can click here to get some ideas to help you with this task. With some hard work and thinking outside of the box, you can turn your pub into a huge success and start enjoying your new career in hospitality.
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