Man your pumps, Wetherspoons are coming

cruasder777 · 07-01-2015 9:12pm

irish_goat wrote: »

They do free refills until 2pm as well. There's a "family area" in one of the Wetherspoons in Derry and it's really bizarre as it's filled with older ones all drinking coffee and the off pint for several hours during the day time. Feels like you're sitting in someone's living room but it's good craic all the same.

I like the fact the guy who owns Wetherspoons and started it in 1979 with one pub in North London, still drinks and eats with the punters and listens to feedback and drives an old Volvo, no pretentiousness, even though he's worth £ 750 million. Runs the business very hands on.

Very clever business model. Same principal as Aldi, Lidel etc.

Example in my local, buy a coffee £1 and get a shot for 99p.

The profit margin on coffee is nearly 100%, on a 1 litre bottle of spirits there are 40, 0.25ml shots in a bottle...so a huge profit margin. That's £40 on a bottle that they buy whole sale for about a fiver.

Yet to the punter still very cheap and much cheaper then rivals. So punters come back for more.

L1011 · 07-01-2015 10:23pm

cruasder777 wrote: »

That's £40 on a bottle that they buy whole sale for about a fiver.

UK duty environment is not THAT much nicer to work in.

Litre of 37.5% spirits has £12.70 of duty and VAT on it, so they are not buying it wholesale for a fiver. I'd suspect a smaller pub may often find it cheaper to buy in bulk when supermarkets do their loss-leader 1L for £15 deals!

cruasder777 · 07-01-2015 10:35pm

L1011 wrote: »

UK duty environment is not THAT much nicer to work in.

Litre of 37.5% spirits has £12.70 of duty and VAT on it, so they are not buying it wholesale for a fiver. I'd suspect a smaller pub may often find it cheaper to buy in bulk when supermarkets do their loss-leader 1L for £15 deals!

I can buy the Aldi version of Baileys for £6 and Vodka for £7, whiskey £9. Vat included.

Wetherspoons are buying tens of thousands of bottles. Without doubt they are buying stock at a rock bottom price.

Expensive pubs make hundreds of pounds/Euros on one bottle.

Cienciano · 07-01-2015 10:57pm

Those January sale prices are great, you'd struggle to get a can of stout for that price in an off licence!

kooga · 07-01-2015 11:01pm

Loire wrote: »

If they have those prices next year, when the Cork one will have opened, I'll take my Xmas hols in Jan and just head to the pub!!

at those prices i'll join you!

Ravelleman · 07-01-2015 11:53pm

cruasder777 wrote: »

I like the fact the guy who owns Wetherspoons and started it in 1979 with one pub in North London, still drinks and eats with the punters and listens to feedback and drives an old Volvo, no pretentiousness, even though he's worth £ 750 million. Runs the business very hands on.

And luscious locks too.

L1011 · 08-01-2015 12:10am

cruasder777 wrote: »

I can buy the Aldi version of Baileys for £6 and Vodka for £7, whiskey £9. Vat included.

Wetherspoons are buying tens of thousands of bottles. Without doubt they are buying stock at a rock bottom price.

Expensive pubs make hundreds of pounds/Euros on one bottle.

Baileys is ~15%. Vodka and Whiskey will be 700cl (so 8.90 of tax).

Aldi vodka is £9.90 and whiskey £10.39 - your prices are clearly very outdated: https://www.aldi.co.uk/en/product-range/drinks/spirits/

Wholesalers do not sell below cost to pubs - the pub is not paying a fiver for a bottle. A small pub, like your 99p a shot local, will likely be paying more than Aldis retail price due to lack of volume, a chain like Wetherspoons will be paying very little less than a chain like Aldi

cruasder777 · 08-01-2015 12:13am

L1011 wrote: »

Baileys is ~15%. Vodka and Whiskey will be 700cl (so 8.90 of tax).

Aldi vodka is £9.90 and whiskey £10.39 - your prices are clearly very outdated: https://www.aldi.co.uk/en/product-range/drinks/spirits/

Wholesalers do not sell below cost to pubs - the pub is not paying a fiver for a bottle. A small pub, like your 99p a shot local, will likely be paying more than Aldis retail price due to lack of volume, a chain like Wetherspoons will be paying very little less than a chain like Aldi

The Aldi version of Baileys is now £4.29 ! And its not bad.

https://www.aldi.co.uk/en/product-range/drinks/spirits/spirits-product-detail/ps/p/ballycastle-irish-cream-liqueur/

L1011 · 08-01-2015 12:18am

cruasder777 wrote: »

The Aldi version of Baileys is now £4.29 ! And its not bad.

https://www.aldi.co.uk/en/product-range/drinks/spirits/spirits-product-detail/ps/p/ballycastle-irish-cream-liqueur/

Its 14.5% (going on zooming on the label) so the duty is much, much lower - £3.44.

Do you now realise that your local is not paying £5 for a litre of 37.5% spirits?

cruasder777 · 08-01-2015 10:18am

L1011 wrote: »

Its 14.5% (going on zooming on the label) so the duty is much, much lower - £3.44.

Do you now realise that your local is not paying £5 for a litre of 37.5% spirits?

Even after adding VAT, the profit margin of expensive pubs is vast.

oblivious · 08-01-2015 10:32am

cruasder777 wrote: »

Even after adding VAT, the profit margin of expensive pubs is vast.

VAT will be added to the price the consumer will pay, ulitmity the consumer pays all the VAT

BaZmO* · 08-01-2015 11:05am

Forget about Wetherspoons, when is PoundPub coming to Ireland?!

cruasder777 · 08-01-2015 12:11pm

oblivious wrote: »

VAT will be added to the price the consumer will pay, ulitmity the consumer pays all the VAT

obviously.

cruasder777 · 08-01-2015 12:12pm

BaZmO* wrote: »

Forget about Wetherspoons, when is PoundPub coming to Ireland?!

They must be buying it for nothing.

Sofiztikated · 08-01-2015 12:17pm

cruasder777 wrote: »

They must be buying it for nothing.

Do they even have taps and staff, or do they have something like a petrol pump, from which you pour it yourself?!

Holy hell, £1.50 a pint!?

Tabnabs · 08-01-2015 12:36pm

BaZmO* wrote: »

Forget about Wetherspoons, when is PoundPub coming to Ireland?!

I'd imagine Mary Mitchell O'Connor's head would explode if they opened a branch in her constituency

oblivious · 08-01-2015 1:02pm

cruasder777 wrote: »

obviously.

The the profit margin is independent of the vat rate

Sofiztikated · 08-01-2015 1:02pm

Tabnabs wrote: »

I'd imagine Mary Mitchell O'Connor's head would explode if they opened a branch in her constituency

Add in a William Hill, a Greggs, and a methadone clinic, just to twist the knife.

Loire · 08-01-2015 2:18pm

Sofiztikated wrote: »

Do they even have taps and staff, or do they have something like a petrol pump, from which you pour it yourself?!

I like it :pac:

Idbatterim · 08-01-2015 2:24pm

Do they even have taps and staff, or do they have something like a petrol pump, from which you pour it yourself?!

Holy hell, £1.50 a pint!?

the wetherspoons pints on offer at E1.95 at the moment work out at £1.52... Id say given the cost of living difference, the price here is relatively quite a bit cheaper...

L1011 · 08-01-2015 2:47pm

cruasder777 wrote: »

Even after adding VAT, the profit margin of expensive pubs is vast.

I know. But I wasn't saying anything to the contrary.

Richmond Ultra · 09-01-2015 2:50pm

They just sorted out a lease for Dennehys Cross Cork today next to the Ramen restaurant. Right inbetween UCC and CIT.

Dont be at yourself · 09-01-2015 2:52pm

Anyone hear these rumours that they sorted out a lease for Dennehys Cross Cork today next to the Ramen restaurant? You know, right inbetween UCC and CIT?

Frank Grimes · 09-01-2015 2:53pm

Dont be at yourself wrote: »

Anyone hear these rumours that they sorted out a lease for Dennehys Cross Cork today next to the Ramen restaurant? You know, right inbetween UCC and CIT?

That's the first I've heard about it.

Lucena · 09-01-2015 2:54pm

Dont be at yourself wrote: »

Anyone hear these rumours that they sorted out a lease for Dennehys Cross Cork today next to the Ramen restaurant? You know, right inbetween UCC and CIT?

I might've heard it in two or three places, alright.

a_non_a_mouse · 09-01-2015 2:55pm

Richmond Ultra wrote: »

They just sorted out a lease for Dennehys Cross Cork today next to the Ramen restaurant. Right inbetween UCC and CIT.

just once would have been enough for this good news!
I like it, could see myself availing of there good value on a regular basis...

Any idea on when it expects to be open there?

listermint · 09-01-2015 2:56pm

Dont be at yourself wrote: »

Anyone hear these rumours that they sorted out a lease for Dennehys Cross Cork today next to the Ramen restaurant? You know, right inbetween UCC and CIT?

I heard they got such a good deal that they signed several leases.

SteM · 09-01-2015 3:03pm

a_non_a_mouse wrote: »

Any idea on when it expects to be open there?

Jeez, don't ask him any questions. God only knows how many times he'll post the answer!

Richmond Ultra · 09-01-2015 3:17pm

a_non_a_mouse wrote: »

just once would have been enough for this good news!
I like it, could see myself availing of there good value on a regular basis...

Any idea on when it expects to be open there?

They were putting in equipment this morning and doing bits and pieces around it. I'm surprised if there opening soon as I haven't seen any licence application in the area.

Regarding the multiple posts, I find if I post on my phone and then click back it reposts and if I do it a few times it stops. I don't have this problem however with my laptop. Anybody else have this problem?

the beer revolu · 09-01-2015 5:12pm

Richmond Ultra wrote: »

They were putting in equipment this morning and doing bits and pieces around it. I'm surprised if there opening soon as I haven't seen any licence application in the area.

Regarding the multiple posts, I find if I post on my phone and then click back it reposts and if I do it a few times it stops. I don't have this problem however with my laptop. Anybody else have this problem?

Happens me all the time on my phone - very annoying.
(and there is no other straight forward way back to the main forum)

Man your pumps, Wetherspoons are coming

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