Not happy!

1984ReturnsForReal_2

Malcolm. wrote: »

The £220k equates to a 4% annual YoY increase on the original £86k pub price.

Which means nothing as it is only part of a business.

wageslave

Mr.Smith wrote: »

I wanted them to buy it back then as even I knew we'd make a packet. Some years later I ended up spending most of my life in there for nearly a decade. Probably spent in the region of £25,000 in there. It is why I am bitter.

You are bitter because you were an idiot?

Your logic defeats me.......

Mr.Smith_6

wageslave wrote: »

You are bitter because you were an idiot?

Your logic defeats me.......

I enjoyed being an idiot.

lostinrates

Malcolm. wrote: »

lir says

Hmm...sort of..not exactly though, but I also am prepared to admit I'm not infallible or always right. which is pretty rare around here.

tommy75

hello.....

wageslave

Mr.Smith wrote: »

I enjoyed being an idiot.

But you didn't.

What do you want me to say? You were out getting manicures while other people were making money.

This is your fathers fault because?

Debt_Free_Chick

Pobby wrote: »

no ... food

Sadly, that is the problem. No money in beer - the profit is a few pennies per pint. Much, much more profit in food. Homemade burger & chips costs about £1, but you can sell it for £6 or £7 ... or even more, depending on location.

ManAtHome

'Gastro'places maybe, but the real money is tea, coffee, and soft drinks. My local used to make a lower margin on food than beer/lager/wine/crisps.

Pobby

Not good. Seeing loads of pubs in my city closing. Apart from selling beer they have a social function within the community imho. There is a Witherspoons in walking distance but that`s not a pub in my eyes. However that`s the way things are going.

Pub companies are in a world of debt. Hence rents being so high. Ah, the joys of the property boom. My guess is that it might be possible to use the back yard as parking, hence it might be converted to yet more flats. If not it will rot.

They pub co tried to sell it a few years back at a very reasonable ( not ) £350,000. Possibly squeeze 4 flats from it but at the going rate it would be unlikely to fetch anywhere near £200k. Conversion costs would far exceed current prices for flats.

PasturesNew

Chip shops are gold mines. I remember years ago I had a friend who was a manageress of a chip shop. She said her boss had borrowed/paid £80k for it and paid off that debt in two years - and that was in about the mid 80s.

Everybody loves a good chip.