What We Do
We combine over 100 years of hospitality, leisure sector experience and knowledge to invest in and turnaround underachieving freehold pubs we believe have the opportunity to add value.
The pubs selected will typically be operating units requiring extensive refurbishment which will be then operated, principally non-tenanted, through an established operations team.
In recent years the pub sector has gone through a structural decline. Legislation, increased operational costs, social and economic trends have affected the revenues of many pubs. Some larger pub companies have also heavily under-invested in some of their pubs as they securitised their estates. As a result many individual units are barely sustainable, with many requiring substantial investment.
This has created the opportunity to acquire such freehold pubs, currently trading below what the team believe to be their potential. By refurbishing the pubs, and supporting them with a centralised operations team, Authentic Alehouses believe operational efficiency, flexibility to deal with issues, automation in monitoring and ordering, and purchasing power will be improved. Operation costs can be reduced, revenue increased and thus potentially value added.
Finding the Freehold Pubs
We use our experience, expertise and vast contact base to identify attractive freehold sites. We have the ability to take, on and off market pub opportunities ranging from individual units to small portfolios, sourcing them through licensed property agents, national brewery network and many other trade contacts.
Each property is assessed with a full appraisal overseen by the management team, analysis will include immediate location and site demographics. Key areas of note are competition, drinking circuits and where the existing trade is in the vicinity.
A assessment of the refurbishment required to increase trade is then undertaken to review profitability. This includes a structural appraisal of any extensions needed to increase trade areas considering key factors, requirements for planning permission, licensing, listed building consent building regulations and time implications of the consents required.