Four Things to Consider If You Are Buying a Pub With Living Quarters Attached
If you're interested in buying a pub and you're looking at pubs with living quarters attached to them, you have to think about the pros and cons of the pub, but you also have to consider the state of the attached accommodations. Depending on how you plan to use the living quarters, there are a number of things you should keep in mind when checking out pubs for sale. Consider these elements:
1. Separate entrance
If just you and your family plan to use the pub, you may be fine if the entrance to the living quarters can only be accessed through the pub. However, if you plan to rent out the unit to renters or tourists, you may prefer a separate entrance. That way, your lodgers can enter the apartment without you having to give them a key to the pub where all of your alcohol, food and other expensive items are stored.
2. Noise and windows
If you have small children who will be living in the pub with you, you may want to ensure that the windows to their rooms face a direction where there isn't a lot of activity. For example, you don't want their windows over the pub entrance or the patio where a lot of people are likely to be making noise. The position of your bedroom's windows don't matter as much, especially if you plan to be working most nights until the pub closes. However, you will also want to keep the direction of the bedroom windows in mind if you are planning to use the apartment as a rental for an extra income stream, as many renters prefer relatively quiet living spaces.
If the pub has a parking lot, you want to make sure that whomever uses the living quarters -- whether it's you, your staff or guests -- has a parking spot. Is there a way to create a reserved spot for lodgers in the parking lot? If not, you may have to appeal to lodgers who don't have a car and use public transit or who don't mind parking on the street even if it means possibly parking blocks away.
4. Staff accommodations
If you plan to use the living quarters to offer board to your staff members, you want to consider whether or not the living space is likely to work for them. If you plan to offer the unit to the manager of the pub, for example, is it on par with similar pub accommodations in the area? Ideally, it should be a perk that will help convince a quality manager to come work for you.
Similarly, if you plan to offer room and board to a number of staff members, you want accommodations that have ample space to put several bunk beds in the bedrooms as well as a lounge area and a kitchen that's big enough to share.