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jamesogt

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About jamesogt

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  1. This has come around again! Rank Leisure and Grosvenor Casino Sheffield will be donating along with Birtwistles butchers... 40kg Potatoes 20kg Carrots 20kg Parsnips 20kg Sprouts 40kg Turkey 450 pigs in blankets 6kg of stuffing We hope everyone has a great day
  2. jamesogt

    Pointing Dog - Ecclesall Rd

    Re-opening as "Lost and Found", the new brand from Marstons under the Revere Pub company label. https://the-lostandfound.co.uk/sheffield https://www.thecaterer.com/articles/523530/revere-pub-company-to-open-fifth-lost-found-bar
  3. Not an argument worth trying to win. They will issue a PCN, you will spend hours fighting it. It is their car park, they can most likely charge what they like. And before all the people come along saying PCN are not enforceable see below, all change since the Barry Beavis case. https://www.independent.co.uk/news/uk/home-news/nhs-nurse-hospital-parking-tickets-university-hospital-of-wales-cardiff-indigo-park-services-150000-a7845126.html https://www.bbc.co.uk/news/uk-england-essex-34721126
  4. Looks like they have made an error in their expansion plans and grown too quickly. Impacted as other high street chains have been by rising costs. All sounds a bit suspect when you then "sell" to your fiance. Happy they saved jobs, but how many (if any) suppliers and landlords have they left hanging? https://www.insidermedia.com/insider/yorkshire/pre-pack-deal-secures-more-than-100-jobs-at-restaurant-operator An Indian street food and craft beer business which operates five restaurants across Yorkshire has been acquired in a pre-pack deal securing more than 100 jobs. On 5 October 2018, Lee Lockwood and Bob Maxwell of Begbies Traynor in Leeds were appointed as joint administrators of The Cat's Pyjamas Ltd. The company was immediately acquired by Meow Hospitality Ltd. Based in Headingley, Leeds, The Cat's Pyjamas was founded in 2015, offering Indian street food and craft beer. It has five restaurants in Leeds, Headingley, York, Harrogate and Sheffield as well as a central kitchen in Kirkstall that also operated as a head office. Administrators said the business had traded successfully but suffered from cash flow problems due to its rapid growth. A buyer was sought and, after a period of marketing, its business and assets, with the exception of the central kitchen, were acquired in a pre-pack sale, saving the jobs of the company's 102 employees and ensuring the continuity of the chain. https://www.harrogateadvertiser.co.uk/news/business/harrogate-restaurant-owner-puts-record-straight-on-saving-her-business-1-9388801 The owner of one of Harrogate's most popular recent additions to the town's restaurant has set the record straight about why the business has gone into administration and how she has saved it - and 130 jobs - with the help of her family. Talking to the Harrogate Advertiser, ambitious entrepreneur Alison White, who has seen independent Indian street food chain the Cat's Pyjamas on Albert Street become one of Harrogate's best-loved restaurants in a few short months since it opened in August, said: "I can confirm that The Cat’s Pyjamas Ltd has officially gone into administration. "However I can also confirm the business is still fully up and running with no interruption to customer service and we have saved all 130 jobs. "I want to set the record straight about what this really means, why this was a necessary business decision and what the future holds for the brand. "There came a point over the last three months where we found ourselves in a difficult situation due to our recent high level investment into business growth and expansions, and our reliance on short term high interest crippling loans. "We had a planned new site opening in Wakefield which would support our cash flow and bottom line. "However, unforeseen circumstances with power problems meant the site couldn’t open fast enough. "That coupled with building a strong head office team to support me to run the business whilst I had my first child some 12 weeks ago has resulted in a loss for the business of over £50,000 a month. "I can hold my hands up to say that my ambitious plans were possibly a bit naive, not having the proper support around me and I got drawn into a financial situation that was not sustainable. "As a new growing business it’s very difficult to get long term sustained borrowing from any source - so short term high interest loans are the route many go down. "This is what we did and I felt confident I could maintain the pressure of the repayments however when things go wrong circumstances change. "We have been working with accountants for the last four weeks, seeing if there was anyone out there who could help us, to first and foremost secure the 130 jobs of the amazing team members we have. "Due to the current climate in the restaurant sector no support was forthcoming. "We have managed to save the business, and it comes down to family. I am so grateful to have such an amazing personal network around me, and I appreciate that not all entrepreneurs are in this situation. "My fiancé, Paul, who is already successful in the trade with his own businesses is heading it up, thanks to financial contributions from many family members. We have saved all jobs and all sites are fully operational. "In hindsight I can see that as an ambitious entrepreneur bringing something new to the restaurant market I had big dreams and ambitious plans but perhaps without the right support or advice. "These have been the worst few months of my life when I should have been off on maternity spending time with my daughter, Elsie. The Cat’s Pyjamas is a strong brand that I have put my heart and soul into for the last three years. "The business is fully functioning and continuing to provide the service people know and love. "I’m just sorry that we’ve had to go through this and hugely disappointed in the financial systems that have led to this, but I know the new company with my support will continue stronger.”
  5. jamesogt

    Waggon & Horses, Millhouses

    To be fair I did omit that you get to live for "free" as your living costs are absorbed by the business. But still it is a lifestyle choice, you are not going to get rich. Best case scenario is that you can make a living and not be worried about cash flow/debt all the time. The issue is the lease owners don't let you make any money. As soon as think you are earning over 30k a year they up the rent. The reason it attracts couples is the fact that you need two people to do all the work just to keep it open. I would bet that most lease hold couples are near 100hrs a week between them. With the rest of any money going on a couple of bar staff and a chef or two. The key is to work a food offer as that is the only thing the PubCo can't skim from. But the casual dining scene is over populated, if Jamie Oliver is struggling then you know it's tough.
  6. jamesogt

    Waggon & Horses, Millhouses

    Another terrible leasehold it would seem. Changes hands on a relatively frequent basis, can't compete with the buying power of the Robin Hood or the Waggon. From a try at Gastro to Sports, knowing how Enterprise and Punch operate I'm afraid it will be another tenant trying to make ends meet soon enough. Still on their webpage too...... https://www.eipublicanpartnerships.com/run-a-pub/pubs/pages/millhouses-sheffield.aspx Potential turnover: £378,000.00 per annum Introductory Rent: £20,000.00 per annum Estimated Capital start-up: £25,250.00 (excl VAT) Note the word potential! £1600 a month in rent, plus business rates and utilities. And there is a note that they plan to increase it "This pub needs personal investment of time, effort and skills to realise its potential. Our vision for this pub is a business capable of sustaining a rent of £33,000.00 per annum." So they will want almost 3k a month if you start doing well. On a tied lease, so your GP will be circa 50% at best. (Most bars run nearer 80%). 378k is 7.3k a week, well there is not a prayer that business is taking a grand a day. 1000 a day at an average £3.50 a pint 285 drinks a day. I reckon it would do well to do 5k a week in its location. Maybe 260k a year, minus VAT leaves 208k. Half is profit. 104k. minus rent (at the lower rate) and utilities 36k ish leaves 68k. And you haven't paid any staff yet or taken a wage yourself! You can now afford to pay 4 people on NMW. Sorry but as with a lot of enterprise leases the numbers won't add up.
  7. jamesogt

    The Three Tuns

    Andy, we could start an entire thread called "Pubs that have thrived without PubCo ownership" ! Lions/Yorkshireman, is another one they sold off. I took that for £1 a week in 2007 they sold the freehold in 2010 for circa £180k. Compulsory purchase at some time may be enacted, but a business and 3 bed flat now looks like a steal at that price!
  8. jamesogt

    New camera at Dore ?

    The whole section has been "eased" since that crash. It used to have much more camber and bend than it does now.....
  9. jamesogt

    The Sheffield gay scene part 2

    Supermarkets have done it for years. Buy 1 for £3.00 or buy 2 for £4.00. Though you wouldn't be allowed to do this under Scottish licencing as encouraging people to drink more by discounting by volume is illegal.
  10. I rent a room out in Crookes. I charge £380PCM inc all bills. So £87pw. Double room, only 2 of us in the house. He has full use of anything he likes. Room is also double, with a new mattress and furnished. I realise this is probably on the higher side of averages. But I spend a lot of time away. 4 weeks holiday, and probably 2 nights a week for work, so he gets a lot of time here alone. In terms of energy use when I am here I average £8pw in electric, when he is here alone it is nearer £5.
  11. jamesogt

    The Sheffield gay scene part 2

    If you go in Dempseys before 9 it is free? I bet you cant find many bar staff in Sheffield that have been at one bar for 15 ish years, as an employer they must be doing something to get such longevity from staff!
  12. jamesogt

    The Sheffield gay scene part 2

    There is no winning, only losing. Losing Dempseys would be a huge loss. No other competitor has ever "Won". QJ will only pick up some of Dempseys pre trade to later drinking and offer an alternative once in the area to break up the night. New businesses ideally need to create new customers, not just split the available customer base. At the moment that is all that will happen.
  13. jamesogt

    Cross Scythes Totley

    1 post in April 2017, then 4 today. One of which is obviously an advert. I was born a day that ends in Y, it wasn't yesterday.
  14. jamesogt

    The Sheffield gay scene part 2

    Carver St has the highest murder rate of any in Sheffield from memory! In 2017 over 800 crimes recorded on West St.....
  15. Take a look around casual dining is suffering! There are lots of articles all around..... Gaucho and Cau in to administration yesterday. Jamie Olivers closing sites GBK closing sites Prezzo closing 100 sites Byron closing sites Carluccios closing sites Strada closing sites Pizza express closing sites. Saturation of options. Rising costs including ingredients, rents and national living wage. Along with the pressure of rising business rates. Hundreds of millions poured in from Private equity firms from 2011 on, but the return just wasn't what they expected as things changed. Take Pizza Express it was sold for £900 million but only made profit of 40 million last year, they aren't going to wait 22 years to get their cash back! "Stefan Chomka, the editor of Restaurant magazine, says: “There are several things in play that, when they come together, is like a house of cards collapsing. First, there’s the oversaturation. Byron expanded rapidly, Pizza Express kept adding, [as did] Nando’s and Zizzi. There has been huge growth in the casual dining market and there are just too many restaurants. Simultaneously, food costs, staff costs, rents and business rates have all gone up. If you’re operating 100 sites, your margins are being squeezed and squeezed. And times are tough. Even if they spend a little more when they do, people are eating out less. So there are greater costs, more competition, fewer people and, consequently, the **** is hitting the fan.”
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