Thinking of buying a pub.

P

Potato man

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I was looking into buying a house when i seen a pub come onto the market in my local town. It has generous living accommodation overhead and is in good condition overall. It is reasonabled priced and has a good reputation. Would this be a good investment for the future? Are pubs a dying trade?

All answers greatly apprecated...
 
If you are interested in buying then talk to the estate agent and ask to see accounts / cash flow statements. I'd imagine the owners have these available as people would not buy a business without seeing them. Great idea by username, make an offer to lease it for a year and then make your decision then perhaps.
 
There are enough ex publicans around to give you a steer...maybe contact one of the Vinters Associations to see if anyone ex publicans would give you a steer...
 
have you thought about buying a pub in spain, say the costa blanca ,around cabo roige or la zenia...i was out there recently and there is some great value to be found....
 
nah i was out on hols there recently and saw a lot of "se vende" signs over pubs.......the pubs all looked to be busy out there...it could be a good investment.....
 
cabbage man said:
nah i was out on hols there recently and saw a lot of "se vende" signs over pubs.......the pubs all looked to be busy out there...it could be a good investment.....
Click to expand...


Did you notice alot of "se vende" signs over houses and apartment blocks also;)
 
I think your mad :D ....well..... unless your thinking long term before expecting to make any real gains and don't forget all the over-heads you will have to pay while sitting the recession out.
 
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