Spring into Operator Agreements
Spring into Operator Agreements
Operator Agreements – The Definitive Guide to the UK’s fastest growing pub agreement!
It is more achievable than you think!
Did you know there are even agreements in place where you can remove the headache of towering overheads, removing any fear of bills and rental payments – instead, operating your business on a self-employed model which offers a % share – promising what you put in… you will get out?
How do Operator Agreements work – in a nutshell?
An Operator Agreement is ideal if you want to run your own pub business for a small ingoing fee. Generally, you will not pay either rent or most of the utility bills. Your stock, fixtures & fittings, and till systems will be provided, and your income is based on a percentage (variable depending on the pub and the offer) of weekly sales, so the more you grow the business, the more you will earn.
Low Entry – Low Risk
One of the key benefits of this agreement type is that you can realise your dream of operating a pub with minimal upfront investment. Typically, the deposit requirements for taking on a pub on an Operator Agreement are between £3 - £5k making this business model one within reach for you even if you a smaller amount to invest. .
Bills, Bills, Bills … why the dreaded utility bill is not a concern for Operator Agreement Partners
As an Operator Agreement partner, the headache of the monthly bills are mostly removed from you. The Pub Company primarily covers running costs, including consumables, TV, Business rates, Utilities, Buildings Insurance, licenses, cleaning & office supplies, reasonable entertainment charges, gardening bills, and marketing materials. This shift of responsibility allows you to focus on the running of the pub and the day-to-day – ensuring support where it’s needed most when it’s needed most.
So, what do I have to pay?
In most cases, you are responsible for paying yourself and your staff, the council tax for your living accommodation, registering for VAT machines gaming duty, and any insurance outlined in your contract.
What about stock?
Tie Status & Purchase Obligations - the Pub Company supplies all food and drink for the site. There may be occasions where the operator is not tied to food products – this will differ from pub company to pub company.
In Summary, running a pub on an Operator Agreement allows you to add your personality to a pre-determined business model. Still, it gives the pub company operating expertise support to provide you with a great framework to work within while knowing that most operational costs are managed. It’s a win-win.
With most pub companies now offering various pubs on this agreement, we have left each one to give you a better idea of how their Operator Agreement works.
Click on any of the below logos to be directed to each of these fantastic pub companies’ own Operator Agreement pages; here, you will learn more about their offers, sites available, and much more!
