Monday 1 January 2007

The Story So Far

The Story So Far

Sourcing Premises

When we decided that Running our own property was for us, we considered a number of things, Style of property, Style of service, Demographics of the areas etc and we decided that none of us wanted Urban problems, of course the potential for greater profits are there but at the cost of massive problems, Bouncers, CCTV, Violence towards Staff, and all the things that I’m sure everyone knows about Urban Premises, Of course each to his/her own and we appreciate that these premises have their place but its not for us. So, Rural Pub, strong leaning towards Food Sales, and some accommodation would be nice, especially if it required little or no work to bring up to spec. Budgets were discussed which would clearly have an effect on location, we set a budget of £500,000 which would buy less if we decided on somewhere like the Lake District, where property and Land is at a Premium. Clearly we wanted to be within travelling distance from our homes which could be a bit of a problem since we live 45 minutes apart, but we kind of loosely and informally agreed that Eastern Cumbria, Northumberland, Durham and Tees Valleys areas were where we would focus our efforts.

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