Not happy!

fc123

blueboy43 wrote: »

Very sad.

Was it a tied pub ? Did they have to buy their beer from the Pub Co ?

It is the extortionate rents that Pub Co's charge that is killing small pubs and the fact that many rents also force the landlords to buy almost everything from the pub co.

The government consulted on banning upward only rent reviews about 6 years ago.
The idea was opposed by landlords / banks / developers.

Three of the impacts of upwards only rent reviews according to the consultation were;

* inflate property prices and distort investment choice, resulting in property
investment being favoured over more productive assets.

* distort the buy-versus-rent decision in favour of buying, resulting in a
largely closed market in freehold property. A ban would encourage investment
of institutional capital in trading companies owning their own property.

*Flexible rents would improve the efficacy of monetary policy and thus contribute to macroeconomic stability.

Naturally the government caved in and did nothing.

Utterly gutless and corrupt.

I would like to thank that many times.

iolanthe07

There is a lot of negative comment about Wetherspoons here, but where else can you get a perfectly decent pint of Abbott for well under £2.00? Our local 'Spoons serves really good value food, has two open real fires, and the staff are very friendly and efficient. I can't fault it. It's often very difficult to find a seat, so they must be doing something right.

HAMISH_MCTAVISH

iolanthe07 wrote: »

There is a lot of negative comment about Wetherspoons here, but where else can you get a perfectly decent pint of Abbott for well under £2.00? Our local 'Spoons serves really good value food, has two open real fires, and the staff are very friendly and efficient. I can't fault it. It's often very difficult to find a seat, so they must be doing something right.

They are the Tesco of the pub world. Very cheap, formulaic offer, economies of scale.

Very successful commercially, but they are causing the demise of many small independant pubs, who simply cannot compete with their big investments, cheap prices, and highly efficient operation.

Exactly the same thing happened to small independant retailers on high streets up and down the land when Tesco and Asda opened superstores in small towns. It put thousands of them out of business.

Whether you think this is a good thing, or a bad thing, depends on what you want from a pub.

GDB2222

Mr.Smith wrote: »

My parents were offered their friends pub in 1986. It was an absolute gold mine, it was £86,000. My dad said no. It sold 4 months ago to a guy who was 2 years older than me at school for £220,000.

Your dad was right! It's under-performed badly:

"An average house, in the Greater London region valued at £86000 in 1986 Q2 would be worth £356608 in 2009 Q4. "

http://www.lloydsbankinggroup.com/media1/research/house_price_calculator_page.asp