hello … I’d like to ask about how much should I pay rent for a local pub in my town.
Thank you in advance.
Thanks for your question. It’s exciting that you’re going to be opening up a local pub. The rental price depends on the area you’re in, how desirable the location is, what’s included in the rent, such as utilities, taxes etc, as well as how large the space is. Other factors that influence price are available parking in the area, nearby transportation and attractions, and similar available inventory. I would recommend using a commercial real estate broker or business broker and checking out a few different rental spaces so you can compare prices and features. Remember to find out if a liquor license is included with the business or if you need to purchase or rent one separately. The property will also need to be zoned to allow a pub to legally operate and sell food and liquor there. When it’s time to sign a lease, I recommend consulting with a real estate attorney because commercial leases are more complicated than residential ones. Here’s an article that gives you some ideas on marketing a bar and be sure to check back on our site because we have new bar and restaurant content coming up.
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