Tap and Barrel pub has closed.

Another Sheffield boozer has bitten the dust not many left in that areas now went past today an metal security door has fitted to one of the entrances. Only been in once was run by Jamaican chap was OK . The to let sign says Enterprise Inns are the owners.

Whereabouts is this, doesn't ring a bell?

Whereabouts is this, doesn't ring a bell?

Its at the junction of Waingate, Castlegate and Ladys Bridge.

Whereabouts is this, doesn't ring a bell?

Waingate on the corner junction of Ladys bridge. The pub has had a lot names over the years.

http://www.enterpriseinns.com/run-a-pub/pubs/pages/tap-and-barrel-sheffield.aspx

Rent 10k a year, Turnover 290k (allegedly)!, 7800 rates a year.

No way that place takes 5k a week. If it did the margin they offer is around 50, rates and rent 350 a week. I would guess it is nearer 3k a week minus VAT, leaves 2.5k of which have is profit £1250 minus the rent and rates £900.

2 staff on minimum wage doing 40 hours = £576.

Leaving £324, pay the electric of circa £50pw, water £10pw, general maintenance £25pw. Council tax on living space £25pw.

Leaving £215, now if you worked only 40 hours to run it, pay yourself £5.37 to be in charge. (You wont even hit taxable income levels). £11,169 PA

You can see why they are closing!

http://www.enterpriseinns.com/run-a-pub/pubs/pages/tap-and-barrel-sheffield.aspx

 

Rent 10k a year, Turnover 290k (allegedly)!, 7800 rates a year.

 

No way that place takes 5k a week. If it did the margin they offer is around 50, rates and rent 350 a week. I would guess it is nearer 3k a week minus VAT, leaves 2.5k of which have is profit £1250 minus the rent and rates £900.

 

2 staff on minimum wage doing 40 hours = £576.

 

Leaving £324, pay the electric of circa £50pw, water £10pw, general maintenance £25pw. Council tax on living space £25pw.

 

Leaving £215, now if you worked only 40 hours to run it, pay yourself £5.37 to be in charge. (You wont even hit taxable income levels). £11,169 PA

 

You can see why they are closing!

Just looking at the Enterprise agreement - £2933 per annum for stocktaking, insurance £1633 pa, safety management solutions contract £1000 pa plus many more.

And people wonder why so many tied pubs fail. Anyone would think the pubcos want people to go out of business so they can sell off the buildings.

Waingate on the corner junction of Laby bridge. The pub has had a lot names over the years.

Probably most older forum users will remember it as The Bull and Mouth.

Just looking at the Enterprise agreement - £2933 per annum for stocktaking, insurance £1633 pa, safety management solutions contract £1000 pa plus many more.

 

And people wonder why so many tied pubs fail. Anyone would think the pubcos want people to go out of business so they can sell off the buildings.

The stocktaking is a joke! It takes maybe 4 hours tops for a pub that size once a month. £40 an hr, nice work if you can get it. They only want to do it to make sure you aren't actually making any money behind their backs......

I looked at the other leases they have too, it seems a target of £290k is attached to almost every pub they have closed. If true they would run it themselves and have managers on 25k a year.

Just looking at the Enterprise agreement - £2933 per annum for stocktaking, insurance £1633 pa, safety management solutions contract £1000 pa plus many more.

 

And people wonder why so many tied pubs fail. Anyone would think the pubcos want people to go out of business so they can sell off the buildings.

Hence why so many are derelict no one can make an go of it everything is against you from day one. Once spoke to an Enterprise Inns tenant he simply said Enterprise make it impossible.

I am not surprised it has closed, I go past it everyday and it never looked full and the clientele will all probably go to Hen & Chickens now.

The sign has been up for months as well.

Just looking at the Enterprise agreement - £2933 per annum for stocktaking, insurance £1633 pa, safety management solutions contract £1000 pa plus many more.

 

And people wonder why so many tied pubs fail. Anyone would think the pubcos want people to go out of business so they can sell off the buildings.

Its so they can sell the lease to the next sucker...

Love the area managers views.

"The Tap and Barrel is a great pub in a great location, right in the heart of the city" - Pub is in run down area.

"Major regeneration is due to be happening in this area over the next few years" -By which time you will be broke.

"There is currently a very strong daytime trade"-Main clientele are alcoholics and street drinkers.