Public Houses

Bob Z

How much profits are publicans making exactly? im not defending them but if they were making big profits then surely none of them would go out of buisness? If you were a publican and you were going down hill wouldnt you slash the price of a pint by 50 cent or a euro to get the place packed? or am i missing something?

dan_d

Do you know any poor publicans? (serious question)
Because I don't.

Nijmegen

And even if it wasn't a profitable business, how and why should this be a problem for society?

In a free market we'll let there be as many pubs as the market will sustain. If a little village has 3 pubs when the people will only drink to keep one open, two will close and the third (usually the better run business) will thrive.

Assuming we were in a free market not distorted by anything like cronyism.

Tipp Man

Bob Z wrote: »

How much profits are publicans making exactly? im not defending them but if they were making big profits then surely none of them would go out of buisness? If you were a publican and you were going down hill wouldnt you slash the price of a pint by 50 cent or a euro to get the place packed? or am i missing something?

Not sure what your trying to say exactly.

If a publican is making say 25cent on a pint and he reduces the price by 50cent or a Euro then he is making a loss, its as simple as that. And then he most definately will go out of business

You can't say how a publican should run his business or do offers etc when you have no clue how the business works and the margins they are/aren't making

So pointless thread until some hard numbers are produced

dan_d

We should also bear in mind that this being Ireland, every gap in the hedge has at least one pub in the vicinity.The village that I'm from, which had (prior to the rampant developing) a population of about 2000 or less had 3 pubs, a church, a shop and a school. And little else.And those 3 pubs are still open.

We really don't have our priorities straight at all.

RichardAnd

dan_d wrote: »

We should also bear in mind that this being Ireland, every gap in the hedge has at least one pub in the vicinity.The village that I'm from, which had (prior to the rampant developing) a population of about 2000 or less had 3 pubs, a church, a shop and a school. And little else.And those 3 pubs are still open.

We really don't have our priorities straight at all.

We just have trouble with drink and that's not going to change. But I wouldn't fret over it, VAT from drink is a major source of income for the state.

Bob Z

Tipp Man wrote: »

Not sure what your trying to say exactly.

If a publican is making say 25cent on a pint and he reduces the price by 50cent or a Euro then he is making a loss, its as simple as that. And then he most definately will go out of business

You can't say how a publican should run his business or do offers etc when you have no clue how the business works and the margins they are/aren't making

So pointless thread until some hard numbers are produced

I wasn't saying how they should do buisness I was asking a question

Rented Mule

There were @ 10,000 pubs in Ireland at the height of the Celtic Tiger. Take a drive around and count the amount of closed pubs around the country.

One of the issues that I see, is that many people had the same mentality as the OP. How hard to it be to make money ? The issue is that many of the people who bought public houses over paid and didn't understand the volume of drink/food that they would need to sell in order to pay their note on the property. Let us also factor in the cost of the license and monthly overhead.

mikemac

OP, hundreds of pubs have closed in the last few years and this will continue.
Much of this inevitable, we all know small villages with 4 pubs, a church and a shop.

But we are losing pubs are a very fast rate for many different reasons.
There is money to be made in the industry alright.
You'd need to be well established though and probably have a food operation too.

Many of the most profitable "superpubs" turn over huge amounts of money but they were purchased for inflated prices so they constantly shut and reopen as they change ownership.

Owning a pub isn't the goldmine people think it is. And a restaurant is even more risky.

RichardAnd

I agree with the above posts in that pubs are indeed closing. However, this was happening before the recession and I think the reason isn't simply a case of people having less to spend but rather a changing attitude amongst people. People aren't drinking less (that will never happen), rather their habits are changing from a pint in the local to a few cans at home. In fact, it's common for kids (late teens early 20s) to get drunk before heading out.

But there is money in selling drink. If I were interested in getting into it, I'd go about opening an off-license, not a pub.

gurramok

RichardAnd wrote: »

I agree with the above posts in that pubs are indeed closing. However, this was happening before the recession and I think the reason isn't simply a case of people having less to spend but rather a changing attitude amongst people. People aren't drinking less (that will never happen), rather their habits are changing from a pint in the local to a few cans at home. In fact, it's common for kids (late teens early 20s) to get drunk before heading out.

But there is money in selling drink. If I were interested in getting into it, I'd go about opening an off-license, not a pub.

Which concurs with people not paying high prices for drinks in the pubs!

Can anyone break down the reason as to why your price of a pint(especially lager) skyrocketed to obscene levels around 2004 onwards in Dublin?

Was it Insurance costs? ESB? Min wage? Council rates? Diageo? All of these?
They all can't have had pricey licenses especially the older pubs.

K-9

gurramok wrote: »

Which concurs with people not paying high prices for drinks in the pubs!

Can anyone break down the reason as to why your price of a pint(especially lager) skyrocketed to obscene levels around 2004 onwards in Dublin?

Was it Insurance costs? ESB? Min wage? Council rates? Diageo? All of these?
They all can't have had pricey licenses especially the older pubs.

Refurbishments costs would be big, even for the established ones, costs of entertainment rose substantially as well.

average_runner

For too long pubs in ireland especially Dublin have been ripped off. These arent just new pubs that open but also the older ones that at this stage now owned their own premises.

Alot of pubs in Dublin drop their beer prices to 3 euros during the week say monday - wednesday and these pubs were packed those days. They made a profit those days I tell ya. So chargging 5 euro a pint at weekend is a joke.


Also not all pubs do entertainment but yet still charge stupid prices, and alot of pubs that do entertainment charge at the door, for example a dj may cost 400 for the night, they charge 5 at the door and get well over 200 people in. So dont say its becuase of the entertainement costs.

Pubs charge way over the odds for minerals and even a dash of blackcurrant. I was charge 1.60 for a pint of tap water and dash of blackcurrant one day, was driving so not drinking. Now there is no justice for that, cost or no cost, bottle of blackcurrant is a euro, and you get well over 10 dashes from a bottle.

No sympathy for the pubs, they ripped us off and now time to hit back. Our local in Dublin never venture too near the rip off prices and is very reasonaable now, these pubs will survive.