
Many of us have pondered purchasing the neighbourhood village pub, whether it's a well-thought-out new business endeavour or a beer-fueled scheme following a night of drinking with pals. However, there is a special set of factors to take into account when taking over and managing a licenced business, so we've compiled a short list of the top five items to consider before making that offer.
So, keep your eyes on the rest of the blog and get more ideas about what to consider while buying pubs in North Adelaide.
In North Adelaide, the owner or occupier of a pub must apply for a premises licence from the local government in order to sell alcohol there. Trade restrictions, like opening hours and whether live music can be performed at the venue, will be outlined in this licence. This licence is probably already in place if you are buying a pub that is currently operating. Make sure the seller agrees to transfer the licence into your name and carefully review the restrictions to make sure they align with your intentions for the property.
Additionally, managers of pubs in North Adelaide frequently reside on-site in apartments upstairs. Although the management may have a formal tenancy, they are typically permitted to live on the property as part of their job. In order to terminate any tenancy rights before you buy North Adelaide pubs, it will be crucial to determine the exact nature of this interest early on.
Since the pub will require this equipment to function, it is crucial to think about if you will also be purchasing the fixtures, fittings, and equipment for the establishment, such as the till system, beer rising apparatus, and pub furniture. You should look into how these agreements can be transferred to you or terminated because other products, such as gambling machines and pool tables, might be leased from a third party. Stock should be carefully evaluated to prevent price disputes as it will typically be transferred on the day the purchase is finalised.