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Money matters
In the pub world money really does matter and to join us you will need an amount of capital to commit to your new venture.
The cost of taking on one of our pubs varies, but you will need a minimum investment of £25,000 before applying.
Once your application is underway, you will be provided with greater details of costs and precise figures, but as a rough guide you will require your capital to fund the following:
- Trading wet and dry stock
- Consumables and cleaning materials
- Fixtures and fittings as valued on the day you take over your pub
You will also need to provide a security deposit and have enough left over for some working capital.
In addition to this, any business, new or old, has ongoing costs such as monthly rent, rates, utility bills, repairs and redecoration.
Your working capital will help with cash flow and ensures you can meet initial costs.
On the subject of money, a good licensed trade accountant is a must if you want to take on a pub.