Hotels, Restaurants, Wine Bars & Pubs for Sale in the UK
Buying a Pub, Public House, Wine Bar, Hotel Or Restaurant: Mortgages, Financing and Funding
Paramount Investments are licensed property agents and valuers offering leasehold pubs, pub tenancies and freehold pubs for sale in the UK. Pubs are sold for a variety of alternate uses. Some continue to be run as pubs and many are acquired for their development potential and diverse number of uses.
A thorough understanding of the demographic of the local area is vital. With this information you can devise a sound business plan based on the needs of the local population. Finally, you need to show how you plan to grow the business over time by establishing your business and marketing it within and beyond the local community.
The investments team can advise you in all of these areas.
If you can demonstrate all of that, commercial funding of single freehold pub purchases for up to 80 per cent of the valuation can be obtained.
Finding The Perfect Pub or Hotel to Run as a Business
Once you know hoe much you can afford you can start your search for a suitable pub, wine bar, restaurant, club or hotel to run as a business. We can help in agreeing all the terms to secure the deal, such as what, exactly, is for sale, where the boundaries of the property are and, if it is a freehold, does the freehold apply to the whole pub site? Sometimes a pub is sold freehold but the car park is leased.
If you are buying a pub lease you need to look at the terms. As well as the tie these may include covenants or rights of way through the property and encumbrances clauses which prevent you doing specified things. Some pubs are sold delicensed, meaning the building may not be run as a pub. Find out what fixtures and fittings are included. Beer taps, for instance, may be owned by brewers. Establish whether full vacant possession is being offered are there any tenants living above the property?
Establish whether a survey is needed and whether any planning or Green Belt issues apply, particularly if the building is listed or lies within a national park. Current planning permissions may also have to be taken into account.
The terms of the licence are vital especially with regard to opening times. Also, find out whether any enforcement notices apply. As well as analysing the competition, take a look at the neighbourhood. Consider whether it fits your business plan and your skills as a licensee. Utilities are a thorny issue. Licensees have taken over pubs to find several agreements are operating with different suppliers. In other cases new tenants have been left with outstanding bills.
Paramount Investments offer freehold pubs & leasehold pubs, public houses, bars, clubs, restaurants, hotels and other licensed properties for sale as investments or for redevelopment. We cover all areas of licensed property sales, investments and developments in England, Scotland and Wales.