Pub entrepreneurs are willing to buy a failing business at the right price, a Market Watch survey reveals.
59% would buy a struggling pub as long as it were reasonably priced, compared to only 49% of those considering buying other businesses.
And at home, it seems that larger corporations agree eith these results. The major competition for Australians considering pub and drinks ownership/franchising is likely to be supermarkets.
Metcash, parent company of Coles and Woolworths, wants to add pubs to its growing portfolio, which currently includes ALM, a wholesale supplier to many New South Wales-based pubs.
Nearly half (46%) of would-be publicans in Britain would enjoy the challenge of turning round a faltering business.
Rufus Bazley, Head of marketing at survey provider BusinessesForSale.com says:
“Despite media reports there’s still a huge appetite to buy pubs. Nearly one in five buyers using our site in the UK are contemplating buying a pub, bar or nightclub.”