Pub leasehold

Accountancy serices (including payroll), till(s) and computer, cleaning materials, consumables (soap, bog rolls, glass/dish-washer detergent), Personal license (over a grand including training I believe), relief manager (assuming you might want a holiday now and again), entertainment (music license, sky, (DJs, Karaoke - bleurgh, but I thought I'd put them in)), maintenance contracts for all the kit (kitchen appliances, bottle fridges, beer lines and dispensers), CO2 and other gas for fizzies, lager and keg beer, line-cleaning detergent (and beer wastage when you clean), bank charges, gardening, refuse collection (councils charge for business rubbish), window cleaning, Switch/Credit card machine rental and charges (phew, enough!).

You should be able to get numbers for Gas, Leccie, and Water (all metered), although you'll need to budget for buying fixtures and fittings (normally down to the lightbulbs!), glasses, existing stock (which may include stuff you'll never sell, eg all the millennium champagne... unless we win the World Cup). Unless it's a lock-up, you'll also have council tax, gas, leccie, water for the living accomodation. By the way, machine income seems high relative to the drink and food turnover - there's usually close to 100 rental, then (with a certain propertyco I know of..) it's a 50/50 split of the rest, that would suggest a gross 'profit' (customer cash-loss) of 400 a week. Rent also high - I know of pubs with double the turnover going for less than 800 a week (is this a company beginning with P, formerly S by any chance?).

Accountant's advice is a good move - you'd be advised to factor in solicitor and building surveyor to check for nasties in the contract (rent increases etc) and any repairs which need sorting before you sign up. Pretty sure you have to stand staff holidays (4 weeks a year) and employers NI (around 13%, Employees pay their own NI).

One important point - it's often suggested that you can sell the lease on after 3 years (of a 10 year lease)... However, if it's a Head Lease YOU are still responsible if whoever you sell it to does a runner (that's why you need a solicitor to check things out).

Best of luck - you're doing a lot more research than most, and hopefully a lot less likely to get it wrong.

Yeah, quite a bit there !

I don't quite follow that, please explain.

Rent also high - I know of pubs with double the turnover going for

The (estimated) rent is 600 / week.

(is this a company beginning with P, formerly S by any

No.

Cheers, and thanks for helpful information.

Pub machines are normally leased from a machine company, so they charge say

100 a week (depends on machine type, how often they change them), then you split the rest of the take 50/50 with the pub company. So if the machine makes 400 profit in a week (say customers stick in 800 and 'win' half of it back), the machine co extracts their 100 and gives you the remaining 300 then you give half to the pubco leaving you with 150.

This just seemed high - my local has around double the turnover, but machine takings around 60% of the above numbers (may be just be a 'low gambling area').

Thanks Dave.