Share via Email Enterprise Inns reacts to new pub rules. The new rules will allow publicans to choose where to buy their beer, rather than being tied to supply deals with their landlords, under a market rent-only option.
L - news plans to sell 1, pubs, create a large property rental arm and expand its own managed pubs unit in response to a new tenant law that stands to hit profits.
The law will allow publicans to choose where they buy their beer, threatening future profits of landlords who under a system known as the "beer-tie" charge tenants above-market drinks prices and offer subsidised rent and benefits in return. That system is in operation in nearly half of the UK's 50, pubs but publicans will in future be able to buy beer from other suppliers and choose a market rent-only option.
Enterprise Inns said it would continue to offer tied deals but also boost the number of pubs it manages directly to between and by September from 16 now. Managed pubs, which have higher costs attached but offer greater profits, have become a focus for many pub firms as they respond to competition from cheaper supermarkets, a recession and Britain's smoking ban.
Enterprise Inns said it would also expand its commercial property arm, which includes free-of-tie pubs as well as retail developments, to between and 1, properties from currently. The firm's shares, which have risen 23 percent in three months in anticipation of the update, were up 0. Overall, Enterprise Inns will slim down to 4, pubs from 5, byit said.
Enterprise Inns posted a 0. It said it was targeting full-year underlying net income growth.What is the Enterprise Inns lease agreement?
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For small business meetings and social events, the Hampton Inn Enterprise provides meeting space to accommodate up to 80 people in a theater setting and up to 40 people in a classroom setting. Inpatient Drug Rehab Pittsburgh - Use our treatment facility locator to find Best rehab centers! Nov 15, · Enterprise Inns strategic plan on track Enterprise Inns has made a strong start to the financial year with like-for-like net income in the leased and tenanted estate growing by % for the