A professional service in which we prepare and value the inventory of trade
furniture and fittings. This is usually purchased by the incoming licensee and forms
a major part of the capital investment.
The amount of Capital required (the Ingoing Figure) represents:
1.The purchase of Trade Fixtures & Fittings (The Inventory). This obviously varies according to quality and quantity. 2.The Brewers deposit. This varies in amount. It is held by the Brewery throughout your Tenancy as a safeguard against non-payment of Accounts etc. Interest is usually paid on this and the amount is returned to you after vacation of the Premises. 3.The purchase at valuation of Stock, Glassware, Crockery and Cutlery etc. 4.Our professional Fees - full details will be given once you have been appointed for a house. 5.Advance rent. Often you are required to pay a week, a month, or a quarters rent in advance. 6.Training course fees. 7.Sometimes the Ingoing will include an amount for Working Capital. This is an amount for improvements etc., that you may wish to makeAs specialists in the field, we receive details of opportunities from both the company and private sectors.Fred Barrett and Son prepare letting details and endeavour to match applicants with a property of their choice. Onceaprospectivelicenseehasregisteredwithuswecanofferacomprehensiveservice,hopefullyfrominitial application through to change day and beyond. We provide a complete range of services including business plan assistance. Thiscanonlybeproducedonceaparticularhouseisunderconsiderationandwecanofferspecialised assistancestartingwithourBusinessPlanGuide.ThisincludesuptodatepricesandexampleProfit&Loss Accounts,typicalwagesandinventorydepreciationcosts-allbackedupbysamplecalculations.Onceyouhave chosen a specific house you will need to complete a Feasibility Study. Willthepubbeprofitableandhowwillyoumakeitabetterbusiness?Itwillbenecessaryforyoutocompilea BusinessPlan.ThisisnotjustaProfitandLossAccount(althoughthisisveryimportant).Awellresearched planwillalsohighlightthoseareasofthebusinesswhichcanbeimprovedandshowwaystomaximisethe opportunitiesofthehouse.Agoodstartingpointistocarryoutananalysisevaluatingtheadvantagesand disadvantages of the pub.