Pubs stand to lose out by thousands of pounds after England's exit from the World Cup.
Businesses who had hoped for a bonanza if the Three Lions progressed to the quarter-finals and beyond are now glumly preparing for trade to return to normal.
While The British Beer and Pub Association estimated that a good run by Fabio Capello's team could have been worth an extra £124m to the pub industry, and a single match could see a pub's takings nearly double..
Bars and pubs have been packed with patriotic punters cheering on Wayne Rooney and his teammates during their rocky ride in South Africa, and a quarter-final match against Argentina at 3pm on Saturday would have meant another full house.
Monday, June 28, 2010
Friday, June 25, 2010
Capital Pub Co. Buy London Pubs
Capital Pub Company, the London pub operator, is set to buy Tomahawk, a rival pub group, for £5.03m in cash, reports the Publican.
The pubs had been run by Geronimo Inns, and this arrangement has now been terminated. Staff at both pubs will transfer into the employment of Capital, the group said today.
Capital said that for the 44 week period to May 2, 2010, the combined turnover of Tomahawk's two pubs was £2.1m, versus £1.9m in 2009. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose from £404,649 to £551,854.
James Bruxner, Capital’s chairman, said his company had been actively seeking to grow the business through the acquisition of further freehold pubs.
The pubs had been run by Geronimo Inns, and this arrangement has now been terminated. Staff at both pubs will transfer into the employment of Capital, the group said today.
Capital said that for the 44 week period to May 2, 2010, the combined turnover of Tomahawk's two pubs was £2.1m, versus £1.9m in 2009. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose from £404,649 to £551,854.
James Bruxner, Capital’s chairman, said his company had been actively seeking to grow the business through the acquisition of further freehold pubs.
Thursday, June 24, 2010
UK Pubs Celebrate England World Cup Success
World Cup dreams kept alive as trade looks forward to bumper weekend reports the Publican
Pubs are celebrating with relief after Jermain Defoe’s goal against Slovenia rescued the trade from a disastrous World Cup.
Such was the suspected ease of England’s qualifying group – which also contained football minnows the USA and Algeria – that many pubs had budgeted for increased takings from at least four World Cup matches.
However, after two limp draws before yesterday’s decisive fixture it was looking as if England could fall at the first hurdle.
Failure to get past the group stage would have been devastating for thousands of pubs, many of which have built their summer around a successful campaign.
Defoe’s winning goal was worth millions to the trade as it set up a second round clash with Germany that will boost trade for many pubs on Sunday lunchtime and evening.
Ian Payne, chairman of Town & City Pub Company, which owns brands such as Yates’s and Litten Tree, said the Slovenia game was worth £425,000 for the business.And Mark Daniels, licensee of the Tharp Arms in Chippenham, Newmarket, said the victory could potentially see takings trebled on Sunday.
Pubs are celebrating with relief after Jermain Defoe’s goal against Slovenia rescued the trade from a disastrous World Cup.
Such was the suspected ease of England’s qualifying group – which also contained football minnows the USA and Algeria – that many pubs had budgeted for increased takings from at least four World Cup matches.
However, after two limp draws before yesterday’s decisive fixture it was looking as if England could fall at the first hurdle.
Failure to get past the group stage would have been devastating for thousands of pubs, many of which have built their summer around a successful campaign.
Defoe’s winning goal was worth millions to the trade as it set up a second round clash with Germany that will boost trade for many pubs on Sunday lunchtime and evening.
Ian Payne, chairman of Town & City Pub Company, which owns brands such as Yates’s and Litten Tree, said the Slovenia game was worth £425,000 for the business.And Mark Daniels, licensee of the Tharp Arms in Chippenham, Newmarket, said the victory could potentially see takings trebled on Sunday.
Tuesday, June 22, 2010
UK Pub Industry Welcome Beer Duty Freeze
The British Beer & Pub Association (BBPA) has welcomed the coalition government’s decision to freeze alcohol duty.
Chief executive Brigid Simmonds said that the move will help the move came as a relief.
She said: “We applaud the government’s decision to freeze beer tax and deliver on its promise made in the coalition agreement to not penalise pubs, responsible drinkers and important local industries. This is a welcome relief for struggling pubs during difficult times.
“A beer tax freeze will also help the beer and pub sector’s ability to play its part in contributing to much needed economic growth and generating valuable private sector jobs."
Osborne, has however, hiked VAT by 2.5 per cent – a move Labour described as a tax on the poor.
Simmonds said: “The VAT rise is a price to pay for tackling the deficit and bringing Britain’s balance sheet back in order. This tax increase is not welcome, but is understandable and applies to everybody. We hope this will be short-term pain for long-term gain.
Chief executive Brigid Simmonds said that the move will help the move came as a relief.
She said: “We applaud the government’s decision to freeze beer tax and deliver on its promise made in the coalition agreement to not penalise pubs, responsible drinkers and important local industries. This is a welcome relief for struggling pubs during difficult times.
“A beer tax freeze will also help the beer and pub sector’s ability to play its part in contributing to much needed economic growth and generating valuable private sector jobs."
Osborne, has however, hiked VAT by 2.5 per cent – a move Labour described as a tax on the poor.
Simmonds said: “The VAT rise is a price to pay for tackling the deficit and bringing Britain’s balance sheet back in order. This tax increase is not welcome, but is understandable and applies to everybody. We hope this will be short-term pain for long-term gain.
Wednesday, June 16, 2010
Save the Pub MPs call for Smoking Ban Relaxation
The newly re-elected All Party Parliamentary Save the Pub Group vice chairman and MP for Northampton South wants the law to be changed to allow smoking in separate well-ventilated rooms.
He will push forward with his campaign in the run up to the three-year re-evaluation of the ban this autumn.
“The way Parliament handled the situation for pubs and clubs was draconian, crude and crass,” said Binley, who is a non-smoking asthmatic.
Binley said he understood the health implications of smoking indoors, but that advanced extraction systems were capable of dealing with second hand smoke.
He will push forward with his campaign in the run up to the three-year re-evaluation of the ban this autumn.
“The way Parliament handled the situation for pubs and clubs was draconian, crude and crass,” said Binley, who is a non-smoking asthmatic.
Binley said he understood the health implications of smoking indoors, but that advanced extraction systems were capable of dealing with second hand smoke.
World Cup Dress Code an Issue in Reading Pubs
Reading Police plan to speak to pubs in the town about their policies for fans wearing football shirts after England matches. A spokesman said “One issue that has been identified was a number of venues welcomed fans wearing football shirts during the match, but once it finished they were given an option of either changing or going elsewhere. We will work with those venues this week to clarify what their clothing policy is and to ensure that customers are informed of the policy up front.”
The major bars showing matches all said they welcomed fans in football shirts but policies varied.
There were no serious incidents in town on Saturday night despite thousands of fans packing the pubs for England v USA, but officers plan to talk to pub managers about better publicising their clothing regulations.
The major bars showing matches all said they welcomed fans in football shirts but policies varied.
There were no serious incidents in town on Saturday night despite thousands of fans packing the pubs for England v USA, but officers plan to talk to pub managers about better publicising their clothing regulations.
Tuesday, June 15, 2010
Pub Industry Call for Duty Reduction in Face of Budget VAT Hike
A VAT hike to 20% would raise the price of a pint by 6p and cause the loss of 7,000 jobs a year, without a compensatory cut in duty reports the Morning Advertiser.
The report by Oxford Economics forms part of a budget submission to Chancellor George Osborne by three organisations — the British Beer and Pub Association (BBPA), the Campaign for Real Ale (CAMRA) and the Society of Independent Brewers (SIBA).
The submission calls on Osborne to freeze duty and set out plans for a fairer tax system that recognises beer as a lower-strength drink.If VAT is increased to 20% at the Budget on 22 June, the three bodies call for a 4% compensatory drop in duty, which is 1.6p per pint.
Oxford Economics state that such a move would mean £114m to the Treasury in tax receipts next year and £134m in 2011/12.The BBPA is encouraging pub goers to lobby the Chancellor through the I’m Backing the Pub website.
The report by Oxford Economics forms part of a budget submission to Chancellor George Osborne by three organisations — the British Beer and Pub Association (BBPA), the Campaign for Real Ale (CAMRA) and the Society of Independent Brewers (SIBA).
The submission calls on Osborne to freeze duty and set out plans for a fairer tax system that recognises beer as a lower-strength drink.If VAT is increased to 20% at the Budget on 22 June, the three bodies call for a 4% compensatory drop in duty, which is 1.6p per pint.
Oxford Economics state that such a move would mean £114m to the Treasury in tax receipts next year and £134m in 2011/12.The BBPA is encouraging pub goers to lobby the Chancellor through the I’m Backing the Pub website.
Friday, June 11, 2010
Leasehold Pub for Sale, South Yorkshire
South Yorkshire Property For Sale
Royal Arms
Wakefield Road
Barnsley
South Yorkshire
S71
Gross Site Area: 6575 sq/ft*
£ 50,000 + VAT
Leasehold
Lease length: expires 2051 @ £190 pa
Royal Arms Pub for Sale Yorkshire
Tuesday, June 08, 2010
Orchid Group to Buy 150 Pubs
The Publican Reports that Orchid Group, the privately-backed managed pub operator which recently acquired the Premium Bars & Restaurants business, is looking to add a further 50 pubs to its estate this year.
Additionally the group’s Parkmill Pub Management (PPM) operation is looking to buy another 100 pubs in 2011.
PPM’s managing director Magnus Wilson said he would be looking at “small groups as well as individual pubs” as part of his search.
“Pubs are closing in record numbers, but we believe our success proves that many of these great locals can be turned around rather than simply written off,” Wilson said.
“With the right passion, vision and investment we can revitalise pubs which might otherwise shut their doors for good,” he added.
Recent acquisitions by PPM have been turned into Orchid’s value and premium carvery formats, a strategy the group said had proved highly successful.
Additionally the group’s Parkmill Pub Management (PPM) operation is looking to buy another 100 pubs in 2011.
PPM’s managing director Magnus Wilson said he would be looking at “small groups as well as individual pubs” as part of his search.
“Pubs are closing in record numbers, but we believe our success proves that many of these great locals can be turned around rather than simply written off,” Wilson said.
“With the right passion, vision and investment we can revitalise pubs which might otherwise shut their doors for good,” he added.
Recent acquisitions by PPM have been turned into Orchid’s value and premium carvery formats, a strategy the group said had proved highly successful.
Denbighshire Pub for Sale
Denbighshire Pub for Sale
Wynnstay Arms
Well Street
Ruthin
Denbighshire
LL15
Gross Site Area: 11935 sq/ft*
£ 375,000
Freehold
Wynnstay Arms Pub for Sale Denbighshire
Monday, June 07, 2010
Oldham Pub for Sale, Greater Manchester
Greater Manchester Pub for Sale
Wellington
Chew Valley Road, Greenfield
Oldham
Greater Manchester
OL3
Gross Site Area: 3879 sq/ft*
£ 150,000 Freehold
Wellington Pub for Sale Greater Manchester
Sunday, June 06, 2010
Welsh Inn For Sale
Welsh Property for Sale
Waterloo Inn
Llandowlais Street, Oakfield
Cwmbran
Torfaen
NP44
Gross Site Area: 11521 sq/ft*
£ 275,000 Freehold
Waterloo Inn Pub for Sale Wales
Saturday, June 05, 2010
Leasehold Hotel for Sale West Yorkshire
West Yorkshire Hotel For Sale
Greyhound
Manchester Road
Huddersfield
West Yorkshire
HD1
Gross Site Area: 4588 sq/ft*
£ 250,000 + VAT
Leasehold
Greyhound Hotel For Sale West Yorkshire
Friday, June 04, 2010
Sheffield Pub for Sale
Property For Sale in Sheffield
Sheaf
Fraser Crescent
Sheffield
South Yorkshire
S8
Gross Site Area: 13641 sq/ft*
£ 125,000 + VAT
Leasehold Lease length: expires 2061 @ £136 pa
Sheaf Pub for Sale Sheffield
Freehold Pub for Sale Wales
Welsh Pub for Sale
Landsdowne
Lansdowne Road
Cardiff
Caerdydd
CF5
Gross Site Area: 4695 sq/ft*
£ 375,000 + VAT
Landsdowne Pub for Sale Wales
Tuesday, June 01, 2010
Pub for Sale Bedfordshire
Bedfordshire Pub for Sale
Crown
Britannia Road
Bedford
Bedfordshire
MK42
Gross Site Area: 7226 sq/ft*
£ 375,000 + VAT Freehold
Crown Pub for Sale Bedforshire
Leasehold Pub for Sale in The West Midlands
West Midlands Pub for Sale
Graduates (Rosie Malones)
Jordan Well
Coventry
West Midlands
CV1
Gross Site Area: 1985 sq/ft*
£ 200,000
Leasehold
Graduates Pub for Sale Coventry, West Midlands
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