/biz/ - Business & Finance

[Anonymous No.52791974]

I'm going to make a micro-pub in the North of England. It'll have 5 beers on tap (IPA, lager, porter, whit, and a session ale), 3 bar foods (roast potatoes, Bombay potatoes and grilled cheesev toasties), crisps and pork scratchings behind the bar, and a fridge with craft sale options. Upstairs I want a room with a three-quarter snooker table and maybe a CRT TV with an N64. And also picnic benches out front.

I have the set up money, and experience working a pub, also I have enough money to put in the time.

What are Biz's advice and ideas? also looking for investors.

>I know it'll be difficult, but will market to running clubs, for them to finish their runs there. And will keep things easy and simple

[Anonymous No.52792001]

I hate potatoes , but everyone else seems to like them so you should be fine

[Anonymous No.52792011]

>>52791974
I've heard commercial real estate rent is fucking expensive. It might collapse in the next 2 years. See if you can buy one up so you have fixed rent.

[Anonymous No.52792028]

>>52792001
How about sweet potatoes?

>>52792011
Hopefully rents will be going down. Maybe if it's a known brand, it could be moved too

[Anonymous No.52792096]

>>52791974
If you had a pale ale on tap and golden eye I would definitely go.

[Anonymous No.52792208]

>>52792096
Done. Will substitute the whit beer for a pale ale. Also Goldeneye64 will certainly be available.

[Anonymous No.52792241]

>>52791974
Looks very comfy anon. I hope you'll be finding your clienté and a nice, rural area with peace and quiet.

[Anonymous No.52792304]

>>52792241
Yes, well out of the centre. Near the parks and not far from the national park. I don't want to deal with argumentative chavs

[Anonymous No.52792319]

>>52791974
You are starting a pub, with pub numbers in freefall since 1990, with every larger numbers of adults tee-total, in a deprived part of the country, with minimal indoor seating, with a drinks-led menu in a food-led market, and with food that presumably requires cooking...so micro-pub with 95% kitchen space...landlords are bleeding, that is the upside (and in most parts of the UK, they are still holding on for rental growth...because they are delusional).

[Anonymous No.52792324]

>>52791974
>no stout?

[Anonymous No.52792379]

>>52792324
I see the porter.
good luck

[Anonymous No.52792387]

>>52791974
What does this have to do with crypto? Maybe you could mint an NFT or something?

[Anonymous No.52792428]

>>52792324
Stout Porter

>>52792319
Micro pubs are doing ok. And the food is cheap and easy to prepare, (maybe drop the cheese toastie so the bar can do the roasting, so no kitchen staff) the area in looking at isn't deprived, they've got richer. Rent isn't going up now too. As for tee totallers, they still go to these places, will make money on soft drinks and the dining clubs. I know it won't be easy, but a large part of cost cutting will be me working in it.

[Anonymous No.52792439]

>>52792387
biz board

[Anonymous No.52792458]

>>52792319
running* clubs

[Anonymous No.52792484]

>>52791974
How will you find the right wagies to work for you? They'll either be unreliable or require a big paycheck.

[Anonymous No.52792505]

>>52791974
I wouldn't say now is the greatest timing considering half your country will soon freeze to death in the dark while pensions are going *poof*, but it sounds really comfy.
Only one thing truly matter for your well-being and the survival of your pub : do you live in a shitskins & niggers infested area?

If yes, abandon all hope immediately or move out.

[Anonymous No.52792615]

>>52792484
It's a student city, lots of choice and cool people.

>>52792505
Very suburban

[Anonymous No.52792649]

>>52792615
York?

[Anonymous No.52792928]

>>52792649
Sheffield

But would love to live in York

[Anonymous No.52795765]

i would go if you had live bands playing on the weekends and also if i lived in north england and not east australia thankyou good luck

[Anonymous No.52795817]

Wtf is a micro pub? The UK has pubs everywhere.

[Anonymous No.52795858]

>>52791974
More cheese

[Anonymous No.52795901]

>>52792428
Replace the porter for Guinness stout. It’s more popular in the UK and any decent pub has it on tap

[Anonymous No.52795968]

>>52791974
Look into ventless cooking appliances like turbochef, perfectfry, multichef, etc. you can offer a wide variety of hot foot without needing an actual kitchen space

[Anonymous No.52795979]

>>52795968
Hot food, please don’t serve hot foot

[Anonymous No.52795998]

>>52791974
>>52791974
This sounds really comfy, is it going to have some light music playing as well? Maybe you should install some ceiling speakers. Are you going to serve cocktails and is there going to be lounges for the upstairs room?

[Anonymous No.52797787]

>>52791974
This is a great idea
I’m stealing it

[Anonymous No.52797803]

>>52791974
>And also picnic benches out front
If you have railings install flat surfaces on them your patrons can put drinks on or sit on.
My local pub as these and I sit there and play guitar by the side where I'm not in the way

[Anonymous No.52797886]

>>52797787
oh yes the great niche of a cramped potato restaurant with 5 drinks options in the impoverished north of england catering to the vast N64 speedrun autist/craft beer coinnosseur crossover market. quick let me steal this guys business plan and menu

[Anonymous No.52797897]

>>52791974
>3 bar foods (roast potatoes, Bombay potatoes and grilled cheesev toasties)
sell mexican food instead: tortilla chips, salsa, queso, guacamole, quesadillas. easier to store, prepare, and they taste better.

[Anonymous No.52797910]

>>52797803
i give it a week after opening before an N64 controller is flung through the window by some drunk chav pissed off at being Klobbed 10 times in a row by oddjob on Temple. enjoy scraping the roast potato puke off the carpet OP I'm out

[Anonymous No.52797919]

>>52797897
you can't just serve roast potatos as a dish. roast potatos are a side for a main meal. what will you northerners come out with next? a plate of ketchup?

[Anonymous No.52798006]

>>52791974
>Upstairs I want a room with a three-quarter snooker table
no, you want a normal-size coin op pool table. Which offers quick easy games (high turnover), doesnt need supervison, can be played by 2/4 people or multiroom with a pot prize (killer) and people dont get anal about chipped balls, bent cues or semen stains on the felt. Snooker offers none of these, nor even a particularly satisfactory game of snooker on a 3/4 size table. Food, you need to stick to 'warm-up' only, otherwise you need a prep kitchen, and thats a world of hassle, hurt and expense. The basic issue with 'micro' anything, you got most of the same hassle (building overheads, staff, cleaning, complaining neighbors, etc) and none of the benefits of volume sales. But that all by side, good luck to you

[Anonymous No.52798011]

>>52792928
Buy five goldeneye cartridges from alixpress. (chinese remakes). And like 6 controllers. Three N64 consoles. They will break and people will get bummed out by the entire experience. Do some sort of marketing gimmick when new students come in august, goldeneye tournament or whatever.

[Anonymous No.52798012]

>>52791974
>5 beers on tap
and this is about three too many for a micro pub

[Anonymous No.52800316]

>>52791974
I will come to your micro pub
where you thinking of setting up?

[Anonymous No.52800338]

>>52797919
innovate you stale southern witch
so saying I just popped down to Hastings and some of the bar snacks were weird as fuck, loved them
do not fear the unusual

[Anonymous No.52800798]

>>52791974
Is this a normal thing in England? I have 15 years industry experience more than ten of which are management and I’ve been to a number of bars, clubs, restaurants and everything in between and Ive never seen something like this.
The closest place I can think of is a dive bar near where I grew up which was an absolute shit hole and frequented by people on fixed income and heroin addictions.
How many seats is it going to be / what’s the occupancy?
Who is doing the cooking? Do you actually have a business plan out together that shows your COGs, projections, startup costs, etc? Do you know what vendors you need to call and what they price it at? If you don’t you won’t know you margins and you won’t know what you need to sell at. Do you what the closest place sells their product for? What’s your competitive edge? Don’t say it’s an N64 or that people will want to go there because they just will.
I’m asking because it’s a hard enough business as it is plus there’s a lot of liabilities on top of it because you’re selling liquor. Just think it all through.
No one who isn’t an idiot is going to invest with you if you can’t give them an investor deck and lay out the projections including returns on their money and the last people you want to be taking money from are idiots because they’re going to be at your bar every day talking about how they’re ‘an owner’ with their $50k investment drinking all your profits away with their idiot friends and dumb broads they want to impress.

[Anonymous No.52800842]

>>52797897
>awrite luf eats yaw nawchos, extraw cheesy (literally Tostitos chips with cheddar cheese microwaved on top)

[Anonymous No.52800882]

Have you done any financial planning yet? Do you know how much capital you will need? Do you have this, or intend to raise from investors?
Are you going to grant investors an equity stake in the biz?

[Anonymous No.52800900]

>>52797897
People from the UK are completely clueless when it comes to Mexican food.

[Anonymous No.52800967]

>>52792319
Kek this. The night time industry in the UK is absolutely finished, they just haven't figured it out yet.

[Anonymous No.52800998]

>>52791974
My /biz/ algorithms predict a 99.9% chance of bankruptcy within the first 12 months of your opening. Would you like to continue?

[Anonymous No.52801226]

>>52792928
Where abouts in sheff lad. Khellam seems the best place to set this sorta place up, but micropubs seem to be doing well in the likes of Hillsborough, Mosborogh, Woodseats etc. I think you'll be sound.

I'll stop in for a pint!

[Anonymous No.52801375]

>>52800900
only mostly

[Anonymous No.52802063]

>>52792028
Sweet potatoes are only good for fries.
I like em with sour cream n butter mashed, but no one else does...

[Anonymous No.52802551]

>>52791974
64 game list?

[Anonymous No.52802832]

>>52795901
You can get guinness anywhere, and \nyway it's a shite imitation of a stout

[Anonymous No.52803366]

>>52791974
Mario Kart 64?

[Anonymous No.52803414]

>>52800998
>My /biz/ algorithms predict a 99.9% chance of bankruptcy within the first 12 months of your opening. Would you like to continue?

i love micro pubs but i doubt they do much more than scrape by

[Anonymous No.52804948]

OP is back

>>52798006
Coin-op light for three-quarter snooker. It's rarer and just as easy to set up as pool. I want this place to be different.

>>52800316
Sheffield (east) suburbs

>>52800798
Fairly normal now. Less overheads. The gimmick is local products, good value, and cosy decor. Might be able to do it for less than 75k GBP total, that should last 2 years of I put the work in too.

>>52800882
I need another 30k GBP. I think it'll take a year or so to get into real profit. And I'll offer a percentage of ownership (if they want) but the main thing will be profit share

>>52800998
Yes. As I said, I'm putting the work in myself and working on site. So no staff costs initially.

>>52801226
Cheers. Khehlam island has loads of cool places already. This will be in a place where the locals don't have it yet. Suburbs. I was in woodseats the other day, got a years worth of clothing for 30 quid from st Luke's etc love it.

>>52802063
I'm thinking of only doing snacks and warm up food, do no kitchen. Another anon pointed that out to me.

>>52802551
>>52803366
Multicart probably and a few real ones. I've already got the N64 and loads of controllers. Might pick up a giant CRT if I can find one. Obviously not everyone will want to multiplay, so maybe the games room will be quiet, and you can get the key from me behind the bar, and open it up yourself. I'm going for cool people and runners. Hash house Harriers for example.

>>52803414
I have friends who brew, so that might be another avenue to profit from.

[Anonymous No.52805024]

>>52802832
Yeah. Will have a local Porter Stout. The problem work Guinness is that you can get it anywhere. My concept is beer you can't normally get in the pub. And local products only. (Except for pickled onion monster munch, which I'm insisting we have) I have a friend who makes her own Jaffa cakes, they're heaven, might ask her to wholesale me then

[Anonymous No.52805483]

>>52800967
I agree with this somewhat. But micro-pubs are popping up everywhere. Low overheads and putting it in a rich area will help.

Also it's lunch to evenings, not really night. I'll stay until the last person leaves, but I expect that to be 11- midnight.

[Anonymous No.52805558]

>>52798012
Ok
How about just 4

1. Lager
2. Porter Stout
3. Pale Ale (session)
4. IPA

But would love Tetley's on pump

[Anonymous No.52805576]

>>52792001
Easy to cook in large batches, tasty after five beers. Good choice op. You got a kitchen? I can't see a problem except for poxy nimby loving councils rejecting you because muh noise or something.

[Anonymous No.52805627]

>>52805576
I was in a pub once where they just brought out trays of small roast potatoes covered in salt. All free. But maybe me but another 2 beers. I thought it was great marketing. If I'm allowed roast them behind the bar, that'd be great. But it's not worth having a kitchen.

Also pubs used to have sandwich night. Just free ham, cheese and branston, etc, always went that evening. Cheap and easy to make.

[Anonymous No.52805639]

>>52792208
Sounds comfy, maybe also get a gamecube with smash bros melee. I used to frequent a bar like your idea very much in college, I spent so much money there but it was worth it.

[Anonymous No.52805656]

>>52791974
Yeah fuck off with the potatoes. Do pizzas and chicken tendies or some shit. Also you Brits have pussy ass beer, make sure at least the ipa is above 6% for fucks sake

[Anonymous No.52805692]

>>52805639
Great idea. Cheers

>>52805656
Nope. The IPA will be 4-5%, and will be served in a real pint glass.

With no kitchen, can't do pizza. You can also get them anywhere. If you're ever in Sheffield, go to the greystones, their pizza is fucking awesome.

Do I need to tell you where to stick your tendies?

[Anonymous No.52805751]

Sounds ok but better to buy and cut out the rent bleed. If it doesn't work out rent it out to a wanna be chip shop, hair dresser or something

[Anonymous No.52805774]

>>52805751
I wish, would need 300k GBP minimum for that. But you're right. It'd be a big asset.