crookedspire   10 #1 Posted October 31, 2016 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. Share this post Link to post Share on other sites Share this content via...
taxman   12 #2 Posted October 31, 2016 Whereabouts is this, doesn't ring a bell? Share this post Link to post Share on other sites Share this content via...
nikki-red   308 #3 Posted October 31, 2016 Whereabouts is this, doesn't ring a bell?   Its at the junction of Waingate, Castlegate and Ladys Bridge. Share this post Link to post Share on other sites Share this content via...
crookedspire   10 #4 Posted October 31, 2016 (edited) 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. Edited November 1, 2016 by crookedspire Share this post Link to post Share on other sites Share this content via...
jamesogt   11 #5 Posted November 1, 2016 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! Share this post Link to post Share on other sites Share this content via...
taxman   12 #6 Posted November 1, 2016 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. Share this post Link to post Share on other sites Share this content via...
iansheff   88 #7 Posted November 1, 2016 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. Share this post Link to post Share on other sites Share this content via...
jamesogt   11 #8 Posted November 1, 2016 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. 1 Share this post Link to post Share on other sites Share this content via...
crookedspire   10 #9 Posted November 1, 2016 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. Share this post Link to post Share on other sites Share this content via...
SpiderPete   10 #10 Posted November 1, 2016 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. Share this post Link to post Share on other sites Share this content via...
Ghostrider   11 #11 Posted November 1, 2016 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... Share this post Link to post Share on other sites Share this content via...
Fudbeer   12 #12 Posted November 1, 2016 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.  1 Share this post Link to post Share on other sites Share this content via...