2006-09-17 21:45:28 · 24 answers · asked by sabastian_a 1 in Business & Finance ➔ Credit
You need a commercial mortgage, e-mail me and I will send you some details regarding financing public houses. But firstly, you should be aware, there is little money in brewery businesses now, unless they sell food. So you would need to see the accounts of the business before you do anything. Good Luck
2006-09-17 23:20:18 · answer #1 · answered by MSMORTGAGE 3 · 1⤊ 0⤋
Either buy with a partner or with some friends. But you need to choose carefully, remember you'll be tied up with your partners for a while!!! Also, it may be that the business is not worth that much if banks are not willing to lend on the property - consider that too. At the end of the day, they need to make some money - if they're staying away, could that be a sign for you?
2006-09-18 10:58:27 · answer #2 · answered by scallywag 4 · 1⤊ 0⤋
Don't rey it as a personal mortgage, try it as a buisness loan.
Study the case, put forward ideas that will make the pub more profitable, demonstrate your flair for business.
With a well argued case, any banker will be willing to lend the money to a serious investor.
2006-09-18 05:06:13 · answer #3 · answered by savs 6 · 1⤊ 0⤋
A group of my mates bought a pub, although they share the profits they also share the burden.
Running a pub is not as easy as we like to think so it is worth considering getting a business partner or two.
2006-09-18 04:58:02 · answer #4 · answered by Anonymous · 1⤊ 0⤋
There are plenty of companies out there that would happily give you a loan, provided all the payments have been kept up on your mortgage, I dont see no reason why they would turn you down..
Good credit rating and of course this is for a business. why not talk to a financial advisor, Im sure they can help you
Good luck
2006-09-18 04:48:52 · answer #5 · answered by Scatty 6 · 0⤊ 1⤋
Take a business partner and maybe together you will be able to raise the money. Good luck a pub is hard work
2006-09-18 04:49:14 · answer #6 · answered by Anonymous · 0⤊ 1⤋
buy it with someone else even as a silent investor they take a smaller cut but are not involved in the running of the business. A lawyer can draw up a contract.
2006-09-18 09:20:45 · answer #7 · answered by jojo 4 · 1⤊ 0⤋
there are company's out there that pacifically lend money for buying pubs maybe search the web about it or see your local pub of a copy of the magazines i think its called the morning advertiser they have the company's in there
2006-09-18 05:26:04 · answer #8 · answered by gosport girl 3 · 1⤊ 0⤋
Brewery may help or have a couple of business partners. If it were easy, we would all own our own pub. What a thought!! But good luck, I hope you realise your ambition.
2006-09-18 05:01:22 · answer #9 · answered by Anonymous · 1⤊ 0⤋
Is the pub brewery tied??? if so then most brewery's have a buying policy to lend you the money, if it is a free house, then you can contact various brewery's to see if they will loan you the money to buy, but they will tie you to use their beers until your debt is payed.
2006-09-18 05:00:22 · answer #10 · answered by phillsinger 1 · 1⤊ 0⤋