Entering the trade: Entering with Punch
Taking an agreement from Punch Taverns is pretty similar to running your own business. The difference is that rather than owning the pub, you are leasing it. Typical entry into one of our pubs can start from around £20,000.
The agreement operates around a very simple principle.
- We supply you with the pub, which usually has living accommodation.
- We also offer a fantastic range of drinks brands, which we discount to you at levels of up to £50 per barrel off normal brewer’s wholesale price.
- We supply all your gaming machines and we give you 50% of the profit. In return, you pay us an annual rent for the business.
- You buy your drinks requirements from us and keep the property, and fixtures and fittings in good order as well as meeting the running costs of your business.
- All remaining profits generated within the business are yours.
The key points of our agreement are detailed. Study them carefully; you’ll need to take account of the features within the package to help you decide which one is right for you! It is vital you understand this area fully, as the type of operation you are applying for will impact dramatically on the amount of financial backing you’ll require and the process you’ll follow to entering a Punch leased pub.
Acquisitions
If you are looking to sell your free trade pub to lease, or you have a proposal concerning purchasing a free trade pub to lease, please visit our website www.sellingyourpub.co.uk where you will find all the necessary information.
The different ways of entering into an agreement |
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