@Fullers lying to their tenants, claiming a false price per pint. Misleading tenants as to the amount of beer they can actually sell yet declaring less to HMRC! @PubsAdvisory@GregMulholland1 @Pubdefender1 @bobseely
@TheGlobeIOW@KellyTolhurst@PriskMark your constituent Lance Adams would love your attendance at Tuesdays meeting in Portcullis House. Please email us for a briefing note and further details. @grantshapps requests from your constituents coming thick and fast too.
@KellyTolhurst Hey Kelly. 1000's of small business owners like me need you to attend a meeting next Tuesday 18th Dec 1pm Room N Portcullis House to discuss the review of the Pubs Code. We need your help to enforce the regulations. Please attend. There's a briefing doc available.
Not only has this man abused his power, he's also abused women working within our industry. There are 1000's of women working behind bars and waitressing in this country. Respect our women. They are working extremely hard so that you can enjoy yourselves. https://t.co/kmCLAD6Jc0
@Fact_checker1 @PeteBrownBeer @ThePubChampion @Pubdefender1 If you purchase a property and rent it and then paint it and increase the rent to the Tenant to reflect the extra enjoyment they will have out of the new colour rather than the value then I would consider that wrong.
Hey, @GregClarkMP! Did you know that the ยฃ170,000 per pub "investment" made by @starpubsandbars will be paid for directly by the tenants? Rather than heralding the move how about condemning this behaviour leaving tenants homeless and bankrupt. #protectyourpub#fairrentfairpint
@Fact_checker1 @PeteBrownBeer @ThePubChampion @Pubdefender1 False GPs, false barrellage firgures, false trade figures, false price per pint figures. It's called mis selling. As an ex bdm you obviously know that as you will have been party to it.
@Fact_checker1 @PeteBrownBeer @ThePubChampion @Pubdefender1 You are not taking into account the fact tenants are in a situation from which they cannot exit. They have often invested all of their money into the business and have no choice but to hope that anything will improve their situation. Unfortunately Capex is not the solution.
@Fact_checker1 @PeteBrownBeer @ThePubChampion @Pubdefender1 Tenants must also produce a business plan to enter a pub in the first place. Often these are based on figures from the pub owning business at prior rent review. These figures never represent true ability of the pubs trade. Prospective tenants are coached through business plans
@Fact_checker1 @PeteBrownBeer @ThePubChampion @Pubdefender1 No the Tenant knows the total cost that star tell them. There is no indication that this is a true or accurate reflection of the actual costs. Experience shows the costs are massively inflated over any reasonable costs that could be expected for the work finally produced.
@Fact_checker1 @PeteBrownBeer @ThePubChampion @Pubdefender1 The costs of the work are known. The costs of the rent increase is known. The two are not related in any way. The Costs and implications to the Tenant in the long run are generally not understood at all and disguised in anyway possible.
@Fact_checker1 @PeteBrownBeer @ThePubChampion @Pubdefender1 No I am saying that the costs are over inflated against market rate for the same work. Where the additional money goes is unknown.
@Fact_checker1 @PeteBrownBeer @ThePubChampion @Pubdefender1 In our experience the total estimated costs are shared but not the breakdown. Any underspend is not taken into account as the new rent is not based on the expenditure.
@Fact_checker1 @PeteBrownBeer @ThePubChampion @Pubdefender1 No neither amount is rentalised. The rental amount is based on a fictional operator (called the Reasonably Efficient Operator) and what such person could make. At the time of investment this is a take it or leave it deal and non negotiable. It does not take place as a rent review
@Fact_checker1 @PeteBrownBeer @ThePubChampion @Pubdefender1 About half of the money the pub owning business extracts from the business. The other 50% comes on the form of the wet rent. Aka the difference in price the Tenant pays for its wet stock above the free trade price. Therefore the Tenant is probably paying a real rent of ยฃ90,000)
@Fact_checker1 @PeteBrownBeer @ThePubChampion @Pubdefender1 To make the Tenant an additional ยฃ50,000 net profit per year based on the 50% net profit "share" model they use. (This model guarantees the pub owning business 50% of imaginary net profit and anything less than that is directly from the Tenant. Remember the rent is only ...