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Owning/buying a bar or pub
#1

Owning/buying a bar or pub

Hi all,

I always have had a strong desire to own a small pub, just a whole in the wall neighbourhood type place. I know it's a pretty commonly desired thing to do, of course.

I run a business online that is fairly automated and generates a decent late five figures yearly income. As such, I know I wouldn't need to rely on the income a pub would generate but making a profit is an essential goal obviously.

The way I'd envision doing it is with one or two partners who could split costs, liability and management time. Again, I know the risks of partnerships but they can also make pursuits like this more manageable and ultimately successful.

I am fully aware of how it involves far more work than now expect. I also know how grim the figures are for the percentage of new openings that fail.

Still, it is so thing I want to achieve within the next five years ideally.

I only have a few years experience in bar tending back at university. I wold need to partner up wisely and research heavily first.

Anyways,

Any bar owners/staff here?

Or people with a similar ambition?

Cheers
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