A RENT PROPOSAL SHOULD START A NEGOTIATION
The Pub of your dreams is advertised on the Pub Company website. You have visited, you are excited, eager, raring to go and usually over optimistic. The annual rent is advertised on the Pub Company website. You have had your first general interview with a Pub Company Regional Manager. They are interested to take you further through the recruitment process and send you a whole bundle of information about the pub usually called Schedule 1.
What's Next?
You are asked to write a Business plan and usually the Pub Company sends you a template to complete which considers all the relevant sections needed to fulfil the requirements of the Pubs Code and their recruitment process. There is a Financial section where you will be asked for:
A Profit & Loss Statement for your first full year of trading
A 5-Year Cashflow Forecast
A Sensitivity Analysis
WE CAN HELP YOU!
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Once you complete your Business plan from the business model you have chosen to build the business, Paul Hirst at The Pub Rent Reviewer can review your business plan. Everything will be checked with complete disparity and once approved, you can send it to the Pub Company.
Note: This is a process for both new and existing publicans.
Need an Accountant? Contact The Pub Rent Reviewer today!
As part of the recruitment process and the Pubs code, you will be asked to provide a letter pre-dating the Business plan that you have taken Financial advice from regarding your Application. You need to set up your relationship with your Pub Accountant at this stage.
Before you trade on day 1 you need a Pub Accountant to help you with your book- keeping and Accounting purposes.
You are investing your money in a new Business venture; be smart and take all the advice you can, especially from a Pub Accountant.
The Pub Rent Reviewer is offering its services throughout the UK - so give us a call now.