Pubs for Lease What is Involved?

Article Written By: Kathryn Dawson

There are a large number of pubs throughout the UK that are available for lease. These range from large country gastropubs to small, traditional city pubs. There are leases to suit all budgets and locations that vary considerably. If you are interested in the idea of taking over a pub then you have come to the right place because this article provides all you need to know about what is involved in leasing a pub. It is important to mention initially that one of the wonderful things about running a pub is that you don't need any previous experience in doing so.

Of course there will be a steep learning curve if you haven't had the experience, but there is usually a wealth of support available from the brewery or company that it has been leased from to help you through the early stages. There is a qualification that is needed however - one person needs to become the "designated premises supervisor" by completing the National Certificate for Personal License Holders, a course run by the local pub authority.

Having successfully completed the course the individual will be awarded with the Personal License necessary before being handed the keys to a pub. Although some pubs are privately owned and run in the UK, a large number are brewery owned. It is through these breweries that leases are available. When a pub becomes available for lease there is usually an application process similar to that of a traditional job. You may well be required to produce a business plan for the pub in question which outlines your plans, projected costs and of course estimated profits over the lease period. It only usually takes a few months for a decision to be made by the brewery.

If you are lucky enough to have had your application approved then your adventure can truly begin. Leases can vary between pubs and the breweries who own them. A minimum of ten years is a fairly standard lease period with the opportunity to renew or sell up after the end of each term. There is some money required upfront if you want to lease a pub. This amount will vary depending on the pub you are taking over but it will include a sum for the purchase of fixtures and fittings from the outgoing lessee and the purchase of all stock, glassware and any catering equipment too.

There will also be a deposit required payable to the brewery. This amount will vary and can range from a few thousand pounds to tens of thousands. This sum will remain with the Brewery during the lease period and be reimbursed after the successful termination of the lease. If the lease agreement is breached or other problems occur during the leased period then the deposit may not be refunded totally. You also need some working capital to get the pub up and running too.

This will be a figure quoted by the brewery and you must have the funds available for this. Running a pub can be an excellent business and lifestyle choice. Having found your perfect location all that is needed is some capital, a successful application and a certificate and you can be up and running in just a few months. There are pubs for lease across the UK each with its own unique opportunity. If you are interested in finding out what pub leases are for sale you should begin your search online.

About the Author

Kathryn Dawson - Badger Pubs, where you can find pubs for lease as well as support services for those considering running a pub< on their own.

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