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[monte1] 08/2/2024 10:30

#4407

Are pub & hospitality freehold’s still a good investment - unless they have potential for alternative use natch?

[james japp] 08/2/2024 10:18

4403

LOL!

4404

Good work jeffian.

[jeffian] 08/2/2024 10:17

#4403,

Aye, common enough. When we were on the acquisition trail for the brewery in the 1990's, we were offered groups of pubs with a statement of their current 'barrelage' and asked to bid on the basis of stated revenue, sight unseen. The bankers involved seemed highly surprised when we said we'd like to visit them. Many of the ones in the valleys of S Wales (former mining villages) were boarded up.

[elpirata] 08/2/2024 10:17

Aye, we've put in a request for up to date management accounts & VAT returns, dont want any accruing tax liabilites do we. This could be fun.

[monte1] 08/2/2024 10:17

#4404

Tena pad full?

[monte1] 08/2/2024 10:14

#4403

Very naughty - or perhaps it was liquidated to remove debts before trading under a new entity.

I trust he will be requesting a copy of most recent filed accounts for the period as part of due diligence checks?

[jeffian] 08/2/2024 10:12

Mornin'all.

V soggy 'here' this morning.

Well I got through the day OK yesterday. As it turned out, Mrs J's social do with her s-i-l went on a bit so second pub visit cancelled and I was deputed to rustle up something for their return. Slight challenge as the fridge appeared to be devoid of many ingredients but I managed to conjure up Singapore-style egg-fried rice mit pork'n'shrimps which seemed to go down well. Mind you, as it was nearly 10 by the time they got in, I'd had my quota of Leffe whilst cooking and moved onto the wine, so fairly relaxed. Feel surprisingly chipper this morning.

[elpirata] 08/2/2024 10:10

a grey & misty morning all

an 'ex colleague' has asked me to cast mi beady over a 2021 refurbed Mancs city centre pub hes looking to buy as an investment...

Sales partics I qouth
Covenant : Turnover for year ending January 2023 was approximately £975,000

El Webcheck filed accounts for the period ending 31 January 2023 I quoth
The company has not traded during the period. During this time the company received no income and incurred no expenditure and therefore no profit and loss account is presented in these financial statements

Perhaps they should rename it 'The Brass Neck'

[james japp] 08/2/2024 10:05

Of course they have.

Some schools shut as snow and ice weather warnings come into force

[avatar333] 08/2/2024 09:51

Time to claw some back.

The chap who I was speaking with will very shortly be eating his lunch (2 hours) and then taking his nap (2 hours), of course.

[avatar333] 08/2/2024 09:47

I did note, whilst catching up, that gra' had nearly (or had) run out of cigarettes.

I should be worried to death if I had less than 2,000 in the hoose at any particular time.

[james japp] 08/2/2024 09:33

b100dy great stuff, AVATAR333.

[avatar333] 08/2/2024 09:30

All done.

I hope they arrive safely, gra'.

[grahamite2] 08/2/2024 09:25

Morning all.

So far snow not too bad but I'm worried about the groceries.

[james japp] 08/2/2024 09:08

An EV hehe.

Imagine how cheap you could pick a used one up for though!

[emigna2020] 08/2/2024 09:04

GUARANTEED TO RID PUBLIC TRANSPORT USERS OF THE DREADED MIKEROSTENCH

[james japp] 08/2/2024 09:04

I note that Dom managed to post again yesterday.