Buying a pub or restaurant

A pub or restaurant can be a highly successful business venture.  If it's your first time of buying, or if you’re reviewing your finances, there are some things your lender will need to see up front:

• Your financial forecast or the last 2 years accounts
• A brief CV showing any relevant experience in the trade
• Details of licenses or permits you already hold (or previously held)
• Your credit history
• Your deposit amount
• Your business location

Commercial Mortgages for pubs generally provide 70% of the ‘bricks and mortar’ value.  But that amount can be influenced by other factors – such as: 

Are you buying a freehold or leasehold?  Freedom to shop around for your stock can affect your profit margin. 

What percentage of the property is set aside as living quarters?  This will determine whether your mortgage will fall under mortgage regulations.