| Anyone fancy taking on the Station Hotel? 10:43 - Feb 6 with 2083 views | SitfcB |
Would be good to turn it into a home fans pub 
Especially when Norwich visit.
https://www.greenekingpubs.co. |  |
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| Anyone fancy taking on the Station Hotel? on 11:06 - Feb 6 with 1968 views | Swansea_Blue |
Forecast profit £42k, and that’ll be optimistic just for the sales blurb I imagine. A couple moving in, maybe £20k each annual salary if they’re lucky. £5k less than the minimum wage and I bet the hours are longer.
You can see why pubs are shutting everywhere.
I’m sure it’d be a great opportunity for someone though  |  |
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| Anyone fancy taking on the Station Hotel? on 11:18 - Feb 6 with 1908 views | _CliveBaker_ |
| Anyone fancy taking on the Station Hotel? on 11:06 - Feb 6 by Swansea_Blue |
Forecast profit £42k, and that’ll be optimistic just for the sales blurb I imagine. A couple moving in, maybe £20k each annual salary if they’re lucky. £5k less than the minimum wage and I bet the hours are longer.
You can see why pubs are shutting everywhere.
I’m sure it’d be a great opportunity for someone though |
Guess it depends if salaries are included in the £500k cost base assumption. Cost of Goods will be a big chunk of that between forecast T/O and profit. If there's a couple of salaries in there plus the ability to extract a dividend from the profits after tax at 8% tax then it might offer a decent enough lifestyle. As you say the hours are tough though, the fact so many pubs are hitting the market and selling up probably tells you what you need to know about their viability. I do think 'destination' food led pubs can thrive, but that isn't ever going to be one of them.
I'm not sure selling pints to p1ssed and drugged up away fans every fortnight would be top of my list. |  | | |
| Anyone fancy taking on the Station Hotel? on 11:23 - Feb 6 with 1878 views | Swansea_Blue |
| Anyone fancy taking on the Station Hotel? on 11:18 - Feb 6 by _CliveBaker_ |
Guess it depends if salaries are included in the £500k cost base assumption. Cost of Goods will be a big chunk of that between forecast T/O and profit. If there's a couple of salaries in there plus the ability to extract a dividend from the profits after tax at 8% tax then it might offer a decent enough lifestyle. As you say the hours are tough though, the fact so many pubs are hitting the market and selling up probably tells you what you need to know about their viability. I do think 'destination' food led pubs can thrive, but that isn't ever going to be one of them.
I'm not sure selling pints to p1ssed and drugged up away fans every fortnight would be top of my list. |
Ah yes, I suppose salaries could be factored in. They’re being hit on all fronts aren’t they. People can’t afford the prices when a 4 pack costs the same as a pub pint. It’s surprising how many people don’t drink these days too; the recently announced survey said it was 24 % of all adults. Good for the NHS but not for pubs I suppose. Foodie pubs do seem to be the future. | |
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| Anyone fancy taking on the Station Hotel? on 11:33 - Feb 6 with 1831 views | Blueschev |
Back in the Royle days it used to be for both home and away fans and it was great. It was good to have a beer and a chat with some of the visiting fans, who also had the Drum if they wanted to stick to their own. |  | | |
| Anyone fancy taking on the Station Hotel? on 20:20 - Feb 6 with 1359 views | jontysnut |
Shame - I used to go to WRP meetings there late 70s and used a back room for band practice. Like a documentary version of Citizen Smith. |  | | |
| Anyone fancy taking on the Station Hotel? on 21:26 - Feb 6 with 1140 views | catch74 |
I think you’d have to buy it outright, in the current climate with tied GK prices you’re on a hiding to nothing. |  |
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| Anyone fancy taking on the Station Hotel? on 22:46 - Feb 6 with 918 views | redrickstuhaart |
| Anyone fancy taking on the Station Hotel? on 21:26 - Feb 6 by catch74 |
I think you’d have to buy it outright, in the current climate with tied GK prices you’re on a hiding to nothing. |
Dont know if its still the case. But GK used to have an internal system they called "cloaking". Which was the accounting systems in place via which they hid the much better prices they charged external customers/ pubs, from the tied / tenanted pubs who got charged more for the privilege of being GK. |  |
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| Anyone fancy taking on the Station Hotel? on 23:00 - Feb 6 with 867 views | Meadowlark |
It was a knocking shop back in the old days
Am I allowed to say that?
I sometimes used to pop in for a pint if I was between trains on my way home and was propositioned in a charming way by some of the ladies in there. |  | | |
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| Anyone fancy taking on the Station Hotel? on 23:46 - Feb 6 with 773 views | catch74 |
| Anyone fancy taking on the Station Hotel? on 22:46 - Feb 6 by redrickstuhaart |
Dont know if its still the case. But GK used to have an internal system they called "cloaking". Which was the accounting systems in place via which they hid the much better prices they charged external customers/ pubs, from the tied / tenanted pubs who got charged more for the privilege of being GK. |
The pub down the road from me was Gk, they happily put a couple in with zero experience and gave them 5 weeks training. The couple got the floor and various other jobs done through GK - ‘it’s ok we won’t charge you we can just add a small amount to your barrel cost.’
They were there a year and sunk their life savings in trying to make it work. Went bankrupt, the husband became an alcoholic. Left penniless.
I asked them about there barrel costs - at the time £150 for Foster’s - I could get it for £85. I think they were doing 4 barrels a week, that’s £260 missing profit per week on one product.
I spoke to someone who recruited managers for similar companies. They looked for people with no experience, that wouldn’t understand the cost implications and would help upkeep and often improve their asset.
Things are far harder now and I just don’t think they’ll find many people to take the risk. I wonder if you can pin them down for much better deals now. | |
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| Anyone fancy taking on the Station Hotel? on 00:09 - Feb 7 with 738 views | stonojnr |
| Anyone fancy taking on the Station Hotel? on 23:46 - Feb 6 by catch74 |
The pub down the road from me was Gk, they happily put a couple in with zero experience and gave them 5 weeks training. The couple got the floor and various other jobs done through GK - ‘it’s ok we won’t charge you we can just add a small amount to your barrel cost.’
They were there a year and sunk their life savings in trying to make it work. Went bankrupt, the husband became an alcoholic. Left penniless.
I asked them about there barrel costs - at the time £150 for Foster’s - I could get it for £85. I think they were doing 4 barrels a week, that’s £260 missing profit per week on one product.
I spoke to someone who recruited managers for similar companies. They looked for people with no experience, that wouldn’t understand the cost implications and would help upkeep and often improve their asset.
Things are far harder now and I just don’t think they’ll find many people to take the risk. I wonder if you can pin them down for much better deals now. |
theyll happily accept people who sign up for tenency, why wouldnt they ? theyre a business, its up to the people signing up to do the leg work to understand what theyre signing up to, theyre not a charity and theyre not there to help inexperienced.
and for sure seen this loads of time in real life, and lots of those reality style tv documentaries, a very naive couple think, we can run a pub, its easy isnt it you just have to sell beer and chat to the locals.
when the reality is its hard work even if youre in control of alot of the aspects of your pub about what beer you buy, for how much, and so on, when youre a tenant its near impossible, because you know what happens when they do make it a success and actually start making a profit on £150 barrel costs of fosters, the pubco puts your rent up. | | | |
| Anyone fancy taking on the Station Hotel? on 04:05 - Feb 7 with 587 views | Benters |
| Anyone fancy taking on the Station Hotel? on 11:33 - Feb 6 by Blueschev |
Back in the Royle days it used to be for both home and away fans and it was great. It was good to have a beer and a chat with some of the visiting fans, who also had the Drum if they wanted to stick to their own. |
yes it was my first port of call after getting off the train,it was a decent pub and I never once saw any trouble in it.
The pub trade is a very hard trade to be in now,but this one is in a decent place if you can’t make that work being so close to the station something isn’t right.Perhaps it should become a Spoons,I reckon one of those would do well there.
After paying £5.60 for a Carlsberg the other day in Colwho and for the same £2.80 in the spoons I will stick to the spoons me thinks. |  |
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| Anyone fancy taking on the Station Hotel? on 04:36 - Feb 7 with 577 views | Benters |
| Anyone fancy taking on the Station Hotel? on 23:00 - Feb 6 by Meadowlark |
It was a knocking shop back in the old days
Am I allowed to say that?
I sometimes used to pop in for a pint if I was between trains on my way home and was propositioned in a charming way by some of the ladies in there. |
‘Would you like a flake in that love’ that kind of thing? | |
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| Anyone fancy taking on the Station Hotel? on 11:32 - Feb 7 with 217 views | stonojnr |
| Anyone fancy taking on the Station Hotel? on 04:05 - Feb 7 by Benters |
yes it was my first port of call after getting off the train,it was a decent pub and I never once saw any trouble in it.
The pub trade is a very hard trade to be in now,but this one is in a decent place if you can’t make that work being so close to the station something isn’t right.Perhaps it should become a Spoons,I reckon one of those would do well there.
After paying £5.60 for a Carlsberg the other day in Colwho and for the same £2.80 in the spoons I will stick to the spoons me thinks. |
its not big enough for a Spoons, you need lots of tables for people to order food for Spoons, as thats where make their money.
its a hard location IMO, forget about the football part,the Telegraph had a good article (paywalled) on why relying on 23 days of customers to help you is a bad way to run a business thesedays https://www.telegraph.co.uk/fo
and your regular reminder about margins and how a very busy pub might not be making any money at all. busy-ness does not always equal profit.
but theres nothing over that side of town anymore, people dont tend to go over there unless its to the station, and theyre either leaving or arriving not passing by and not looking to have a beer in enough numbers.
thats not to say pubs near railway stations dont work, they do, some of the best pubs Ive been in are connected to railway stations (more often than not because the station itself is a horrible experience) but the station is often far more central to the city/town its in, and you get alot more passing trade, and youre only a short walk away from other venues who help boost each other by being close by.
the nearest pub to the Station Hotel is the Thomas Wolsey, you could argue the Silver Star is, but either way theyre both half a mile away, no ones going to be walking between them and the Station, and I dont get the impression anyone living close to the place is that interested in visiting pubs.
so even if you managed to turn the place into a super destination pub, which would be tricky tied to GK, though they do give you alot more scope thesedays to try different things, I think it was on that Tom Kerridge show a while back they showed, because he's a GK lessee, that theyre prepared to step away from the you must sell IPA/Abbot/our crap craft beers and whatever Heineken forces you to take type of deal, youre going to struggle to attract trade, and without the trade and the turnover of beer sales, youre not going to survive.
which is probably why it burns through tenants quite regularly. | | | |
| Anyone fancy taking on the Station Hotel? on 12:00 - Feb 7 with 151 views | Benters |
| Anyone fancy taking on the Station Hotel? on 11:32 - Feb 7 by stonojnr |
its not big enough for a Spoons, you need lots of tables for people to order food for Spoons, as thats where make their money.
its a hard location IMO, forget about the football part,the Telegraph had a good article (paywalled) on why relying on 23 days of customers to help you is a bad way to run a business thesedays https://www.telegraph.co.uk/fo
and your regular reminder about margins and how a very busy pub might not be making any money at all. busy-ness does not always equal profit.
but theres nothing over that side of town anymore, people dont tend to go over there unless its to the station, and theyre either leaving or arriving not passing by and not looking to have a beer in enough numbers.
thats not to say pubs near railway stations dont work, they do, some of the best pubs Ive been in are connected to railway stations (more often than not because the station itself is a horrible experience) but the station is often far more central to the city/town its in, and you get alot more passing trade, and youre only a short walk away from other venues who help boost each other by being close by.
the nearest pub to the Station Hotel is the Thomas Wolsey, you could argue the Silver Star is, but either way theyre both half a mile away, no ones going to be walking between them and the Station, and I dont get the impression anyone living close to the place is that interested in visiting pubs.
so even if you managed to turn the place into a super destination pub, which would be tricky tied to GK, though they do give you alot more scope thesedays to try different things, I think it was on that Tom Kerridge show a while back they showed, because he's a GK lessee, that theyre prepared to step away from the you must sell IPA/Abbot/our crap craft beers and whatever Heineken forces you to take type of deal, youre going to struggle to attract trade, and without the trade and the turnover of beer sales, youre not going to survive.
which is probably why it burns through tenants quite regularly. |
Great post that. | |
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