Good business means all parties knowing what they’re signing up to and our Lease Operations Managers will take you through the process and alert you to all key points, and you must also seek independent legal advice before signing any Lease agreement.
Our standard lease consists of the following key terms:
Every pub is different, particularly when it comes to the value of its inventory, but in broad terms the indicative minimum capital required to take on a business is anticipated to be a minimum of £35,000. This figure does not include working capital, which you should include in your business plan.
In addition to the deposit and the inventory value indicative other costs to be considered will include the requirement to pay professional fees (e.g. solicitor), stamp duty, and one month’s rent in advance. Details of your capital requirement for your specific pub will be provided to you by your Lease Operations Manager at an early stage in the process.