What's Right For You?
A Traditional Tenancy allows you to rent a pub and run your own business. You will usually be tied or partially tied to purchasing your drink supplies but all other supply decisions will be yours. Discounts from us on your drink supplies are often negotiable as part of the Tenancy Agreement.
A Tenancy Agreement is a fixed term, usually 3 or 5 years.
In terms of the property, the company is responsible for the structure of the building, roof, load-bearing walls, beer raising equipment, cellar cooling, primary electrics and central heating etc. The Tenant is responsible for repairs and upkeep of the fixtures and fittings, above ground plumbing and secondary electrics, etc.
A Lease Agreement, while similar to a Tenancy in many ways, is usually over a longer period of time for example 21 years. Leases are assignable after 3 years and can be sold on for a premium. They are 'fully repairing', meaning all repairs are the responsiblity of the Lessee. The advantage of a lease is security, length of tenure and the opportunity to sell on for a profit.
If, after considering all the options, you feel that a tenancy or lease is the way forward for you, the next thing to think about is where you want to be and the type of pub you want. You may want a locals’ pub, one that is the hub of a community; it may be a country pub that attracts you, perhaps with a focus on offering food; or you may already have a specific pub in mind.
We always recommend you talk to the current Tenants and Lessees in our pubs. They will gladly share with you their views on life as a licensee, and in addition, you will be able to ask them about working with Tadcaster Pub Company.