The hospitality industry is one that many people love to work in, and it can be a highly rewarding career if you choose to work in it. Within the hospitality industry, there are many roles available in managing pubs, and if this interests you, you will need to conduct thorough research to find the perfect pub for you to run. There are steps you can take to make this task easier, and you can find some helpful tips and advice listed below to assist you in finding the ideal position and pub for you. Take your time and do not rush deciding, and you can find the perfect pub for you to run and get the career that you have always wanted.
Tenancy Or Leasehold?
The first decision you will need to make is whether you want a tenancy or a leasehold pub, which are different. When you are a tenant, you are tied to purchasing your stock from a specific brewery or company, and you are often not allowed to sell products that they do not supply. When you have a leasehold, you are typically free to negotiate a deal with a supplier to provide your stock, which often gives you more freedom but also carries more risk. Look at the options carefully before deciding what is the best choice for you.
Decide On Your Preferred Type Of Pub
Before you start looking at the various pubs to let, you will need to decide what type of pub you would prefer to run. You could prefer to run a cosy local pub, one that primarily sells food, a younger person’s pub in a town or city, or a sports pub that shows lots of live sport. Whether you have experience running pubs or not, ensure you think carefully about the type of pub you want to run, and then you can start looking for the most suitable establishment for you.
Start Your Search Online
The next step is to start your search for the ideal pub, whether you prefer a tenancy or a leasehold option. You can search online to see what pubs are available, and there are many independent websites that you can look at. You can also visit breweries and other companies that run pubs directly to see what tenancies they have available. If you are lucky, you will find a few different options within the areas you prefer, and you can contact the companies to talk about the choices they have available.
Pay Multiple Visits To The Pubs
Before deciding which public house to let, you should visit them at multiple times of the day and on different days of the week to see how they are run and how busy they get. Visiting the pubs in person can also give you a better understanding of the local area and the potential of the pub to ensure that you can run it successfully. Conducting thorough research can help ensure that you make an informed decision when selecting your pub and increase your chances of success in your venture.
Look At The Lease Carefully
Once you have selected your preferred pub, carefully review the lease terms and conditions before agreeing to sign the contract. It is often worth hiring a solicitor to review any contracts before signing them and have them explain all the nuances that they include. It can help ensure that you make an informed decision and that there are no surprises in the contract’s terms and conditions when a problem arises. Once you are happy with the agreement, you can sign your contract and get ready to start running your ideal pub and start a new chapter in your life.
