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Entering the trade: Our agreement

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Our agreement: choice: flexibility: clarity: added extras

You’ve chosen your ideal pub - surely the agreement you get is predetermined by the pub company which owns it? That’s not the case with Punch.

Choice

Our relationship with a customer starts with choice. We are the first pub company to offer choice through one agreement rather than a selection of defined leases and tenancies.

Flexibility

We provide the security of a long term agreement while at the same time recognising the need for flexibility.

So you have two options:

    1.    To come out of the pub within the first 12 months or
    2.    You can sell the agreement on to another licensee after 2 years.

The choice is yours when you sign the agreement. But we’re confident you’ll want to stay, continually building up your business and reaping the rewards for the full term.

Clarity

Our agreement has the Plain English Crystal Mark accreditation, which helps both parties understand their rights and responsibilities. It also means less time ‘translating’ jargon with solicitors, reducing associated costs and processing your application more quickly. We format the agreement in easy to follow sections based on key licensee activity triggers and areas of responsibility, which you can use as a reference point throughout your time in the pub.

We promote an open and proactive approach towards repairs, alleviating any fears you may have about a fully repairing agreement. We will gladly share our survey with you.
And we will explain exactly how your rent has been calculated and only review the base rent every five years – even on shorter term agreements.

Added extras

Since cash flow is so important when starting up a business, we can arrange flexible financing for purchasing trade fixtures and fittings. Each Punch pub comes with a comprehensive information pack detailing the pub’s trade history and local demographics. This, along with a business plan template and industry leading training, ensures you to enter your pub with a well thought out plan and effective business building skills.

The process
  1. Understand you and your objectives.
  2. Review the business to understand the retail opportunity.
  3. Determine if additional investment is required to maximise this opportunity.
  4. Agree the profit opportunity and potential areas of growth.
  5. Define an agreement that reflects your needs and those of your business.
  6. Agree the rent based upon the terms and benefits of that agreement.
  7. Provide training and support to ensure the retail opportunity at your pub is optimised from day one.
  8. Agree a business plan with actions to support and market your pub going forward.

It means you have scope to choose:

The number of years: From 5 to 30, in 5 year blocks.
What you purchase from us: From a full drinks tie to a release for specific drink types according to the needs of your business.
The brands: We offer a huge range of leading drinks brands to keep all your customers happy. 
The rent you pay: The rent will inevitably reflect the overall profit opportunity of the business and the package of benefits you choose.
The price you pay for the products you buy: It’s about the actual price you pay, not a target driven discount you might earn. We offer guaranteed off invoice discounts throughout the agreement.
The responsibility for repairs: Most customer happily take a full repairing agreement if the pub is in a reasonable state of repair – and that’s our aim. Others may prefer a shorter internal repairing option within their agreement.
The machine income: Receive specialist advice to help maximise the income derived from all types of machines, from AWPs to ATMs. We share the income equally between us.
 
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