Publicans continue to face soaring costs and more and more are preparing to leave the industry as its becoming so difficult to break even on the financials.
One publican recently advised Reviva UK that his turnover has declined to such an extent and his costs soared to such unacceptable levels that he is no longer breaking even, and, "we have to face VAT increases next year yet, so reluctantly, I'm throwing in the towel, I've had enough"!
Other pub news ....... Apparently Sky's new system for charging pubs has already been met with derision by publicans. Yet another frustration and this in addition to the tie arrangements in place with the brewers that are currently such an issue.
So Is there going to be any light at the end of the tunnel? Well Business Secretary Vince Cable has sent out fresh warnings to pubcos that if reform is not delivered before June next year, then legistative action may well be the case.
Reviva UK will be follow all with interest, as more and more publicans are making approaches, seeking help.
If you are currently in the pub trade and feel that you would like a friendly confidential chat then call us today.