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jamesogt

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Everything posted by jamesogt

  1. 40k (including performance related bonus) I wonder what the real salary is?
  2. It can never work whilst your 2 big competitors are A, A massive national with a manager and B, A freehold. They will be buying beer at around 80p a pint, you will be buying it at nearer 1.50. The rent now makes it look vaguely achievable for a family to run. I mean renting a 3 bed house in Millhouses is over 1k a month. Its all the other costs EI add on, and then the time you'd have to work achieve a nominal wage bill. Plus the fact that rent will be "introductory".....
  3. Page 4, my numbers break down. They didnt add up ! *They have since halved the rent to 10k , I should consult for anyone thinking of "investing" lol. Also adjusted their expectation of income by almost 100k Now.... Typical turnover: £290,000.00 per annum Average rent: £10,000.00 per annum Estimated Capital start-up: £7,800.00 (excl VAT) Then Potential turnover: £378,000.00 per annum Introductory Rent: £20,000.00 per annum Estimated Capital start-up: £25,250.00 (excl VAT)
  4. Sound technician at West St Live I doubt pays 75k a year + expenses. Id fully expect him to stay as long as possible. Lets face it politicians are in it for themselves as much as they claim to be a public servant. Just look at Fiona Asanaya, Kate Osamor and the raft of expense fiddling MP's. https://www.politicshome.com/news/uk/politics/news/101472/political-prisoners-mps-who-have-served-jail-time
  5. I do 25k miles a year for work. More at the moment than in the past. I have driven for 25 years. Along with 7 years driving in the US. No at fault accidents, no points. Speeding in the UK is entirely optional, when you drive with an awareness of whats going on around you! I have a Cheetah to let me know where fixed cameras are and Waze which highlights both fixed and mobile, as highlighted by other users. In between that you can pretty much do whatever you like within reason. I drove this week to Portsmouth and back, roughly 8 hours and 500 miles, not one police car (marked) at least. Rarely do I see Police enforcing speed on motorways, and local police have no time to do it other than mobile vans. You would have to be driving like you stole it to get stopped. Of my 500 mile a week average I see the odd van, occasionally leaving Sheffield on the Parkway (always the same spot) and near Ladybower in the lay bay at the end of the straight heading on to Snake. Very rarely at Norton heading towards Chesterfield past Morrisons and also just off the roundabout near the Hilton. On average the fixed camera coming in to Sheffield on the Parkway catches 15 people a day! 550k a year. How, I do not know, it has been there years and often you are lucky to pass it doing 5mph never mind over 40! It is the HADECS 3 that you now have to watch for, these are the fixed Gantry cameras that active when the variable speed limits are in force on motorways, I do see loads of these flashing, but people seem to ignore them! On the other hand in America it is enforced within about 3mph. Local and Highway police will happily stop people all day long. Many times I got stopped there (but got let go due to international licence). They don't tend to use cameras at all as they have much firmer enforcement from actual police. If we enforced like they do it would be a different story.
  6. Its issue is that it is massive! Too big for the area almost. Even if it has 20 people in it feels dead, unlike the Masons in comparison that would feel full. Hopefully Stancils have bought the freehold, look around Sheffield at pubs that have been "free'd" of their tie and floursihed, there are plenty of them.
  7. My thoughts are it is a slightly more sympathetic "Theme" Irish bar. No it isnt full of Irish old men drinking Guinness, but neither is it covered in Bright Green Orange haired Leprechauns as O'Neills/80's stye Irish bars were. I have been a few times now and it is always busy, the bands on the weekend are also decent. It seems to have attracted a fairly mixed bag of customers from 18-60! Pretty much a cross section of similar people that West St Live has. Either way it is a massive improvement on what was there before banging out bassline chav tunes!
  8. Closed after shifitng assets to their spouse.....hmmmmm
  9. You are still liable for council tax, on top of business rates. They also won't collect bins from business premises, thats another £600+ a year......The numbers still leave enough for 4 staff including yourselves....
  10. Its real issue is being on a lease that is not sustainable. It can't compete on price, the base of any business! https://www.eipublicanpartnerships.com/run-a-pub/pubs/pages/millhouses-sheffield.aspx They have removed the Rent amount and the "Potential Turnover" as they are usually laughable! But I had already used a while ago..... 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. Look at the Ranmoor also currently available. A pub with a much better reputation in a better area.... https://www.eipublicanpartnerships.com/run-a-pub/pubs/pages/ranmoor-inn-sheffield.aspx Potential turnover: £395,000.00 per annum Guide Rent: £30,000.00 per annum Estimated Capital start-up: £14,500.00 (excl VAT) They also want you to sign up to this (please allow 3 hours for a full read!) Which basically means you run the pub for them and are liable for a myriad of things. If that was the case and it made money it would be part of the managed wing and they would pay you 25k+ to do it. SEction 5 for those that get that far! https://www.eipublicanpartnerships.com/Documents/sample-5-year-rpt.pdf Maintenance Service Charge: £798.00 (Seven Hundred and Ninety Eight Pounds) per annum plus VAT Cellar Cooling Only: £309.00 (Three Hundred and Nine Pounds) per annum plus VAT Heating and Boiler Only: £489.00 (Four Hundred and Eighty Nine Pounds) per annum plus VAT Health and Safety Compliance Service Charge: £1,177.00 (One Thousand One Hundred and Seventy Seven Pounds) per annum plus VAT 5.4 Insurance Rent You must pay Us the cost that We spend in insuring the Property described in clause 37 (Our Insurance Obligations). 5.5 Deposit Your deposit will be £[XXXXX] (AMOUNT IN WORDS) and We may ask You to increase this sum under the terms of clause 5 (Deposit). You must pay Us the deposit when You enter into this tenancy. 5.6 Decoration Fund You must pay £[XXXXX] (AMOUNT IN WORDS) plus VAT per annum to be put towards Your decorating obligations and this will be applied.
  11. 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
  12. 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
  13. 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
  14. 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.”
  15. 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.
  16. 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.
  17. 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!
  18. The whole section has been "eased" since that crash. It used to have much more camber and bend than it does now.....
  19. 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.
  20. 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.
  21. 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!
  22. 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.
  23. 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.
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