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“Whether you are looking to buy your first pub or you’ve been in the trade for a number of years, the guidelines for buying a pub are always the same.” Says Glenn Beer, Director at Marlborough Leisure, the licensed and leisure finance experts.

“As leaders in leasehold finance, one of the biggest issues we face is convincing clients that the sum they need to borrow is above and beyond the leasehold, or indeed the freehold value of the property. With this in mind, we would advise when viewing a pub, to take a very critical view of the work that is needed and with the help of experts, make a note of the expected cost of that work. Once this list has been generated, you then need to put the tasks in order of importance and more importantly, in date order – this will quickly give you a clear idea of what needs to be borrowed and when. Of course, additional borrowing can be applied for at any point during the lease and we have been very busy securing funds for our clients, so that they can make material changes to their businesses to cope with the impending smoking ban, but our advice is borrow ‘realistically’ and plan for the worst case scenario,” said Glann.
 
For more information contact Glenn Beer on 020 7613 4343 or e-mail: glenn.beer@marlboroughleisure.com

 

 

 
   
   
   
 
Marlborough Leisure Limited
Registered office - 1 Phipp Street, London EC2A 4PS
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