I used to have a pub ( tied house ) take my advice , stay well away from the publican trade , the only people who make money are the brewers , the pub chain , the accountants . Pubs these days are ( no pun intended ) a mugs game . Getting an `On Licence ` is the easy part, though this will cost you around £200 for a days course and test , fail , it will cost the same at next attempt .
A good `Free House ` ( one that makes money ) will cost in excess of £ 400,000 .
Tied House , from £25,000 upwards , you will be responsible , for maintenance and repairs , money from your profits ( Cellar Cooler goes Kaput = £ 5,- 6, 000 ) When you enter house , you will pay for fixtures /fittings , glassware . Should the boiler go bust £ 7,-8,000 , these are your responsibility .You can also expect an annual rent increase , business rates , you will be required to live on the premises ,so as well as business rates , you will pay council tax for your living quarters . A `wheelie bin` for the pub refuse will cost in excess of £ 300 per annum . Running costs , Gas, Electric, Staff wages , breakages , come out of your profits . For music you will need an `Entertainment Licence ` (£ 1,000)
Take my advice stay well away , the hours are long , lines to clean, bottling up , cleaning the pub , all before you open , cashing up at nights , keeping the books , paying for an accountant cleaning up people`s vomit , urine , excreta .It is not just selling alcohol