Hi, my name is Shelly, and although I have traveled all over the world, I firmly believe that you can have a European experience without leaving Australia. If you are planning a trip and looking for something a bit off the beaten path, this blog is for you. In this space, I am going to include all of the tips and tricks you need to have a successful journey that feels European. I plan to include posts on choosing the best hotels, planning the best sightseeing, selecting European food and more. I hope you enjoy reading and that you learn a lot.
Capturing the European Experience in an Australian Hotel
Services Offered By A Pub Selling Business Firm
Samantha Mckinney
If you're in the market to buy a pub, you will need to contract with a company who specialises in selling these kinds of businesses. But as this is your first time buying a pub, you may not know the full range of services these firms offer, so here's a quick rundown for your edification.
Financing -- A pub selling firm can help you obtain the proper financing to afford the pub that you want to buy. Typically, these firms have in-house mortgage brokerages that are responsible for matching you with the right kind of lender to make it possible for you to buy the pub. In addition to financing, a pub selling firm can also help you obtain a favourable lease based on the amount of your down payment.
Valuations -- When you're in the market to buy a pub, one of the biggest factors affecting the selling price is the property valuation. If you have your eyes set on pub, but you believe that the asking price is too high, a pub selling mortgage firm can undertake an independent valuation to assess whether the selling price is appropriate or inflated. This can help when it comes to negotiation, as any documented evidence you can present to the other side will help bolster your bid when it's lower than what was listed.
Pub valuations don't just take into account the current worth of the business, but they also factor an estimate of future profitability based on the trajectory of the pub's revenues over the past few years.
Evaluation -- Before you jump into making an offer, a pub selling firm can guide you by providing you with a comprehensive business assessment report that shows you the pub's profit margins, leasing agreement and neighbourhood profile. This evaluation provides you with a complete view of the pub as it compares to similar pubs in the area, so that you can determine the areas in which you may need to spend more money for increased revenues, and the areas that are working well and only need maintenance.
Insurance -- Pub insurance can make or break your business, as the wrong type of coverage or insufficient coverage can close your doors in the event that you are sued. Your mortgage firm can offer you a variety of insurance policies, the most important of which are public liability, employers liability, business interruption and alcohol liability coverage.
These are the most important coverages you need when you own a pub, because liability is always an issue in an establishment that serves liquor. Business interruption coverage protects you in the event that a fire or weather disaster shuts down your pub, and you still need to pay your employees. Alcohol liability insurance kicks in when you're sued in situations such as selling liquor to someone who is under the legal age, or if you are sued because you continued serving alcohol to someone past the point of inebriation, and that person got into an accident after leaving your pub.
For more information, contact a company like John Parsons Hotels.
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