Giles said:
so if there was an urban set up, we could start our own pub?
[starts saving for shares]
Pubs in Herne Hill - a moan
- Thread starter Monkeygrinder's Organ
- Start date
so if there was an urban set up, we could start our own pub?
[starts saving for shares]
Mr Retro
Beware hedgehogs
Giles said:
It sounds feasible on the face of it but when you dig a bit you realise it's nearly an impossible task.
For arguement sake say a pub cost £750,000 and 25 people put in £30,000. That means the pub has to make a clear profit after all expenses of £750,000 to just pay back the original investment. Thats without giving anybody any ROI at all.
The more people you get the more problems too. Can you imagine trying to draw up the fucking contract?!
Mr Retro said:It sounds feasible on the face of it but when you dig a bit you realise it's nearly an impossible task.
For arguement sake say a pub cost £750,000 and 25 people put in £30,000. That means the pub has to make a clear profit after all expenses of £750,000 to just pay back the original investment. Thats without giving anybody any ROI at all.
The more people you get the more problems too. Can you imagine trying to draw up the fucking contract?!
You misunderstand how people treat an investment: if I put £10,000 into a savings acount, I don't expect to get all the £10,000 back, AND some interest, in a year.
If I put in £10,000 and get £500 interest each year, that is a 5% ROI.
Similarly, if I invested £30,000 in buying a bar along with a bunch of other people, and I got £1,500 a year as my share of the profit, that would be a 5% return on my investment.
So, to give all the investors 5% on their money, your example pub would have to make £37,500 clear profit in a year - not impossible.
Also, you would not have to find 100% of the money to buy a freehold pub. It is easily possible to get a mortgage on a freehold pub of at least 70% of the value. So you would not need to find all that money.
What you would need is a company that people could buy shares in according to how much they could contribute, and an experienced publican to run the place.
This has been done in the UK - where a local community, worried about losing their "local", clubbed together and bought it.
If you own the freehold, you are not tied into an onerous lease, there is no pubco who can tell you where to buy your beer, how much to sell it for, whether you can show footie, have pool tables or not, serve food or not, or anything else.
Also, many London pubs have an unrealised potential in terms of the several floors of accommodation they have above the pub, which could be used for a small B & B operation etc, bringing in more money.
Problem is, freehold pubs don't come up that often. Here is one:
http://www.thepublican.com/property_details.asp?navcode=127&ac=72690
Giles..
Mr Retro
Beware hedgehogs
But you'd want your investment back in say 5-10 years max. So as well as the £37,500 (assuming 5% is acceptable) that would need to be factored in over 10 years.
Few people are going to write off a large capital sum of money and sit back allowing it to make them 5% a year. Are they?
Anyway apart from my doubts - where do I sign?
Few people are going to write off a large capital sum of money and sit back allowing it to make them 5% a year. Are they?
Anyway apart from my doubts - where do I sign?
hipipol
Peckham Wry
corporate whore
oh, thought you were dead
'Kin hell, the funky munky. That price is never gonna be freehold though, right?
hipipol
Peckham Wry
Or even this....
http://www.thepublican.com/property_details.asp?ac=72684
Yep, these are just for the leases, BUT, they are not as far as I can make out tied to a brewery
This ones only 95k and used to be a Fav of our Glorious Ed
http://www.thepublican.com/property_details.asp?ac=72684
Yep, these are just for the leases, BUT, they are not as far as I can make out tied to a brewery
This ones only 95k and used to be a Fav of our Glorious Ed
corporate whore
oh, thought you were dead
Never been in T&G. Love this bit:
Offering a range of decadent cocktails and discouraging sportswear
Offering a range of decadent cocktails and discouraging sportswear
Monkeygrinder's Organ
Dodgy geezer swilling vapid lager
As an aside, I just noticed the increasingly dead Escape bar is up for sale.
Monkeygrinder's Organ
Dodgy geezer swilling vapid lager
The Moon has put up the prices of it's pints by 20-40p overnight. Apparently the landlord is trying to ensure that he 'doesn't have the same people in there every night.'
What a complete wanker.
What a complete wanker.
gaijingirl
Well-Known Member
Looks like the Two Woodcocks is still going to serve alcohol - whether it's going to be a pub or a restaurant or a corner shop I don't know - there's a note on the door saying that the "Goncalves brothers" are applying for an alcohol licence... the exterior looks like it's being very smartened up away from old-school pub style to new modern style - although it's a bit early to tell what they're doing with it exactly... I'm really curious to know how it's going to turn out..
ETA - it's going to be a Portuguese restaurant and bar.
ETA - it's going to be a Portuguese restaurant and bar.
Brixton Hatter
Home is south London mate
Good news for Monkeygrinders Organ and others on here worried at the lack of footy: i was talking to the new landlady of the Hob on Wednesday night and she's a proper footy fan (well, Chelski....
) and well up for sorting out the footy in the Hob. She told me she's going to be installing two huge HD screens for the footy and was also thinking about getting another feed so they can show more than one game at a time. She's also gonna get the blinds sorted so you can see the screens better. This can only be a good thing. I think she's been shrewd - she's gonna capitalise on the lack of footy elsewhere locally and the signs (such as the newly erected 'smoking gazebo' in the garden) are that she's keen on sorting out the pub. Nice. 
) and well up for sorting out the footy in the Hob. She told me she's going to be installing two huge HD screens for the footy and was also thinking about getting another feed so they can show more than one game at a time. She's also gonna get the blinds sorted so you can see the screens better. This can only be a good thing. I think she's been shrewd - she's gonna capitalise on the lack of footy elsewhere locally and the signs (such as the newly erected 'smoking gazebo' in the garden) are that she's keen on sorting out the pub. Nice. There's something I don't trust about her. Watch your back.
Although, that said, she's squeezed some more investment out of the brewery, which can only be a good thing. And apparently they're going to practice for the world Ukelele playing record sometime over the next few saturdays (post footie), which should be interesting at least.
The Hob's always a summer pub. Every winter it looks like it's going terminally downhill, only to rise again in Summer. It's a good place to be in the warmth
The new gazebo's funny though - the most over-ornate thing they could have chosen, complete with a flimsy canopy that I give two months before it's ripped to pieces. She's very proud of it though - you should have seen her face when she came down and found it to be the world's most occupied combination bike rack/gazebo....
Although, that said, she's squeezed some more investment out of the brewery, which can only be a good thing. And apparently they're going to practice for the world Ukelele playing record sometime over the next few saturdays (post footie), which should be interesting at least.
The Hob's always a summer pub. Every winter it looks like it's going terminally downhill, only to rise again in Summer. It's a good place to be in the warmth
The new gazebo's funny though - the most over-ornate thing they could have chosen, complete with a flimsy canopy that I give two months before it's ripped to pieces. She's very proud of it though - you should have seen her face when she came down and found it to be the world's most occupied combination bike rack/gazebo....
Brixton Hatter
Home is south London mate
As Golden Graham mentioned on another thread, Ganley's has reopened. It's now called The Florence (why?) and looks a bit posh, like The Regent when it opened. It's been repainted - kind of dark grey/blue. There's these massive red awnings covering the chairs on the outside (for smokers after 01/07 I guess) and there's new posh looking chairs and tables. I didn't go inside to check out whether there was a TV for the footy or not...
corporate whore
oh, thought you were dead
Brixton Hatter said:
I'd hazard a guess at not, given the other pubs in this burgeoning chain are the Bishop in E Dulwich and The Castle in Camberwell, neither of which are noted for their footy.
goldengraham
Well-Known Member
I've been in - I expect people will have plenty to say about it so for conveniences sake I've started a new thread...
