It’s a dream of many people up and down the country to own a pub. Although this dream can be hard to attain, it is achievable.
If you are looking to invest in a pub, especially in a busy city centre, there are a few aspects that you should consider before signing on the dotted line for the first property that you see.
That’s where our expertise comes in. As leading commercial property consultants in London, we know a thing or two about what makes a perfect property for a pub. In this blog, we’ll guide you along on how to determine if a property is suitable for a pub environment.
Location
Location is very important when looking for a suitable property for a pub. You will notice that many of the main pub chains have chosen locations which are on the main streets of a city. This ensures that their footfall is high and makes their presence much more accessible to the many people who use these streets on a daily basis.
Try to find a property which is on show to the people of the city centre. A high footfall is essential for the success of a pub, so maximise your exposure to the public by finding an accessible, established building that people will want to come in.
The Building
When looking at a potential property, you need to make sure that you are considering the building as a whole.
The exterior needs to be attractive and attention grabbing- or at least can be made to look eye catching. The front of the pub is what should entice people to come in; a nice frontage will bring more footfall.
If you are looking to serve food, make sure that there is enough room on the interior to create a spacious dining area as well as an area which you can dedicate to food preparation and cooking.
The interior should be attractively decorated, but again, this is something that could be adapted once you have bought the property. The potential does have to be there in the first place, however; cracked and damaged walls can be costly to replace and will set your opening back.
Beer gardens are always an added bonus, especially in the summer months. It’s a well known fact that pubs which have spacious, attractive beer gardens bring in more custom when it’s warmer, and also give smokers a place to enjoy their meals and drinks while they smoke.
Target the Right Demographic
Is the city full of students? Or are the inhabitants more of an office type? You want to target the right demographic when it comes to your pub, so taking a look at who would be visiting your pub will give a good indication of how you could transform a property, as well as determining if the location would be successful.
A pub is considered a hub of a community, so it’s important to get it right from the beginning when taking on a new pub property.
If you are finding it difficult to find a commercial property and don’t know where to turn, contact the experts at Prideview Properties today. Give one of our team members a call on 0208 863 8680 and we will do our very best to find the perfect property for your needs.
