It’s a very rough time owning a business like this unfortunately at the moment. A friend of mine owns a bar in chesterfield, not even particularly large, and it costs him over 4k per month just on heating. We had floods recently and his cellar flooded, destroying a lot of stock and electricals, as well as requiring cleanup which cost him 6k as insurance refused to pay out (act of God). That kind of thing, plus the idea floating around that govt are going to hike taxes on alcohol even more in the immediate future are putting incredible strain on these sorts of businesses. He loves it as you describe but the poor bloke hasn’t actually made any money above his operating and living costs in the 14 months he’s owned it.
It’s a very rough time owning a business like this unfortunately at the moment. A friend of mine owns a bar in chesterfield, not even particularly large, and it costs him over 4k per month just on heating. We had floods recently and his cellar flooded, destroying a lot of stock and electricals, as well as requiring cleanup which cost him 6k as insurance refused to pay out (act of God). That kind of thing, plus the idea floating around that govt are going to hike taxes on alcohol even more in the immediate future are putting incredible strain on these sorts of businesses. He loves it as you describe but the poor bloke hasn’t actually made any money above his operating and living costs in the 14 months he’s owned it.