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posted by [identity profile] oldbloke.livejournal.com at 11:52am on 26/12/2008
There's a scary number of pubs available freehold around that price. The pub business is in freefall, nobody can make money out of them anymore.
180k, +VAT, and prolly another 50k on renovations (the bogs need looking at for one thing). If I had, say, 2million handy, I might blow an eighth of it on the pub just to save the bowling green. Turn it into a private club with poker in the function room, maybe, or just convert it into a big house to live in (if planning allowed that). Or could maybe run a diesel-from-chipfat operation from it.
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posted by [identity profile] blackberry44.livejournal.com at 11:58am on 26/12/2008
I have to admit that I wasn't thinking of it as a pub, more as an attractive property to live in, but the private club would be one way to go, I suppose, if you had the money to invest, then you could live there as well.
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posted by [identity profile] oldbloke.livejournal.com at 12:04pm on 26/12/2008
Our house is prolly "worth" slightly less than the pub costs in the current market, so there'd be nowt for the VAT or renovations. It'd cost a bit to convert to a house. But I might win the Euro lottery tonight!
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posted by [identity profile] blackberry44.livejournal.com at 12:05pm on 26/12/2008
You can dream, can't you?
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posted by [identity profile] perdita-fysh.livejournal.com at 12:38pm on 26/12/2008
If the difference isn't substantial though, can't you think of a slightly more innovative use for the pub elements and still end up with the decent house? Is there anything in that kind of business that would go down really well in the local community? A niche restaurant open just at weekends, a tea shop or a kid's party venue or something else like that?

Given the climate, I bet they would have an appetite for an offer of quite a bit below asking. If the owners are looking for an out into just a house they might even be up for a part/full swap!

Its all work you don't have to do though *&)
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hooloovoo_42: (Default)

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posted by [personal profile] hooloovoo_42 at 01:20pm on 26/12/2008
The problem is that running a business is more than a full time job and requires lots of family unfriendly hours. And it needs to make a profit in order to make it anything like worthwhile.
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posted by [identity profile] oldbloke.livejournal.com at 03:48pm on 26/12/2008
Its all work you don't have to do though

That one.

Given that they can almost certainly fit a couple of houses on the bowling green, I suspect they'd let it lie idle until they get the price they want. The brewery won't be that strapped fro cash. Yet.
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