What you Need to Think About Before Running your Own Pub
Running a pub can be hard work, but it is also something that many people love doing. Even if you have no previous experience, if running your own pub is your dream, here are the things that you need to do to make that happen…
Get a Licence – As well as taking a training course to teach you the basics, you also are legally required to have a licence when you are serving alcohol, and this is a personal one, so make sure that you have all of this before you open up!
Decide on Leasehold or Freehold – Before you start you should get to know the differences between running a leasehold and a freehold and work out the pros and cons of each one. This will help you to narrow down your options when it comes to finding the right pub for you.
Work out how much Money you will Need to Start up – Starting out you are likely to need funds to get going, and you might also need to do some decorating or even a full refit. Work out how much you will need before you begin – it might be worth going to a company that provides finance for pubs like this specialistbusinessfinance.co.uk/hospitality-finance/finance-for-pubs/ to get you started.
Think about your lifestyle – When you run a pub, it becomes a big part of your lifestyle. Because it is your own business and you will need to be open for people, you will need to make sure that you have cover if you go away on holiday for example, so do bear this in mind.