Run an irish-style pub on a tenancy

Local regulars, groups of friends, sports fans, diners and people at live music or quiz nights.

Mainly drinks sales, with food and event nights adding to it. Your costs include rent, stock, staff, energy and licences, and tenants often have to buy some drinks from the landlord.

• Customer service and a friendly manner
• Managing stock, cash and staff rotas
• Running events and promoting them locally

• You will usually need a premises licence in place and a designated premises supervisor with a personal licence; rules differ in Scotland and Northern Ireland, so check with your council
• Tied tenancies can limit where you buy drinks and affect your margins; check whether the Pubs Code applies and take independent advice before signing
• Music, TV and sport screening need the right licences, so check requirements for PPL, PRS and TV
• Public liability insurance, employer's liability insurance once you hire, food business registration and a fire risk assessment
• Long hours, late nights and the cost of rent and energy; test your numbers with cautious takings

Our estimates put startup costs typically around £20,000 to £80,000, depending on the pub, the terms of the tenancy and how much you spend on stock and giving the place an Irish character. Test your numbers with cautious takings.

Monthly revenue is typically estimated at around £15,000 to £60,000, depending on location, opening hours, food and how well your events do. This is revenue, not profit, and rent and energy costs need to come out of it.

Check that a premises licence is in place and that you have a designated premises supervisor with a personal licence, noting that Scotland and Northern Ireland differ. Check whether the Pubs Code applies to a tied tenancy, and what PPL, PRS and TV licences you need.