April 5th, 2011
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Some of the portfolio of UK pubs in the Tchenguiz-owned R&L Properties have been put onto the market by administrators Deloitte.
R&L Properties – which made up part of Robert Tchenguiz’s business empire – was placed into administration in January of this year.
The 126 pubs, which are located mainly across the north of the UK – with 76 in Scotland, 10 in England’s north west and 12 in the north east – are being sold by Christie & Co.
The majority of the pubs for sale – which were mainly acquired from Enterprise Inns and Scottish & Newcastle – are listed as being ‘investments with long-term tenants in place,’ although a few of them are vacant.
Director at Christie & Co, James Shorthouse, said, “The almost exclusively freehold R&L portfolio includes many successful, high volume outlets located across the UK, including city centre bars, community pubs and destination inns.
“We know these will be attractive both to PubCo investors, attracted by the geographical spread and high quality of the pubs, and to tenants looking to make the transition to owning their freehold,” he added.
In 2009, 421 Tchenguiz pubs were sold to Heineken in a pre-pack deal following the receivership of Tchenguiz’s Globe Pub Company.
See more UK leisure businesses for sale. Download the pub for sale prospectus.
November 3rd, 2010
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Many factors have contributed to the recent boom in the rental market, but anyone considering entering the buy-to-let market needs to ensure they are aware of the myths that still surround the industry.
Mortgages are increasingly hard to come by, especially for first time buyers who struggle to scrape together the growing deposits necessary to secure one. As a result of this, the average age of an unassisted first time buyer is now 37.
It’s not surprising that landlords are seeing the dollar signs in front of their eyes in light of this news. However, caution is wise when thinking about becoming a landlords and let property insurance is an absolute must.
According to new research, many people think that landlords are able to ask tenants to leave with just a month’s notice. It is worth remembering that this isn’t the case and that two months notice must be provided. This is done by issuing a Section 21 notice.
As a landlord, you are not allowed to come and go as you please from your property when it is let. It is amazing how many landlords think they have the right to enter their property when they choose. In fact, the law stipulates that landlords must acquire the tenant’s permission before entering the premises. This permission must also be sought with at least 24 hours notice, so no last minute phone calls from the front door!
As a landlord, it is worth bearing in mind that if a tenant does not pay their rent, they can only be evicted through the courts if the eviction is happening before the end of a fixed-term tenancy. The process usually takes around four to five months.
It is clear that becoming a landlord does not come without risks. These can be minimised with a good landlord insurance policy.
August 12th, 2010
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It might seem a bit of an odd topic to write about, but a friend of mind had a nasty experience earlier this year at work and I though it an idea to let ya’ll know, so it doesn’t happen at your workplace.The business was expanding and was building an extra annex to the building. An interconnected door was needed to link to the main office and the building workers had inadvertently left a piece of wood lying partly across the adjacent corridor.As luck would have it, my friend Marcia walked past nonchalantly with a coffee in her hand and just caught the end of the timber with the toe of her shoe.She sailed head over heels and landed awkwardly, twisting her knee and immediately tearing her cruciate ligament.The poor woman was laid up for some time waiting for the swelling to go down before she could have an operation to repair the knee. This involved slicing a piece of her hamstring and sewing it into the knee. Ouch.Her company was clearly at fault for not having effective work safety procedures in place. They would also have saved themselves a hefty accident at work claim. All workers have a legal right to be able to work in places where threats to their personal safety are managed and are under control. In this instance they should have assessed the risks of having onsite construction going and as a result of that assessment, they should have ensured that this corridor was closed during the period when construction work was going on, or properly partitioning off the area. Employers, take note!
November 16th, 2009
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There is little doubt that those businesses that update their websites with regular, unique, knowledgeable business blog content do much better in Google and other search engines than those that don’t.In a nutshell, good business blog content keep visitors on the website, and attract relevant incoming links from social media, industry websites, discussion lists and forums.Aside from search engine optimisation, there are two other important benefits of business blogging: direct sales and brand awareness.Top internet marketing expert Chris Garret reckons that business blogging is simply unbeatable when it comes to creating quality incoming links. He says that business blog posts bring targeted, quality prospects that most often evolve into solid sales leads. This all comes from the large amount of added attention that is created by a business blog.Read the full http://www.Newsvend.com article on the 15 reasons why every business needs a business blog here.
October 31st, 2009
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When preparing a business for sale, it is essential to concentrate your efforts on maximising its value.
There are several stages to the process but they centre around analysing where spending can be cut and where spending needs to increase in order to gain ‘quick wins’. These enhance how your business looks on paper and help you optimise the business’ strength in order to fetch the highest possible sale price. Profitability is important when selling a business. Therefore, do what it takes to show that your business can make money for the prospective buyer, and you never know, you may even reap the benefits in the short-term as well. Once you are confident that the value of your business has been maximised, the next step is to seek the help of a solicitor or an accountant who can advise on the most appropriate valuation technique to use for your business. Marketing the business as up for sale is the next step and listing your business in a ‘businesses for sale’ publication can be an effective way to target genuine prospective buyers saving you time and money.