Pubs - weekly turnover?
Discussion
Oakey said:
Yeah the big Tesco is just up the road from it.
Which one past the hospital? Which road? There's a few around there!
ETA: For those talking about turnover Vs profit, that's irrelevant. I'm not interested in how profitable the business is, I was just somewhat surprised at the how much the locals are putting through there weekly.
Ok the one Im thinking of is opposite some shops. Its like you go up a road to the hospital from the town. This road starts at that no 3 crown carvery place I mentioned. Then you get to a big roundabout you turn either 1st right if you want to go into the hospital grounds and car park areas OR 2nd right if you want to go on the road that goes past the hospital and past the big park. If you continue just going over the roundabout you go down then up a hill and the pub is on the right and the shops on the left. Then the road sort of veeers left and you can then go on into Poulton.Which one past the hospital? Which road? There's a few around there!
ETA: For those talking about turnover Vs profit, that's irrelevant. I'm not interested in how profitable the business is, I was just somewhat surprised at the how much the locals are putting through there weekly.
Could the pub be the staining ? or something.
GlenMH said:
Thankyou4calling said:
That's astonishing! A Giant ASDA would be doing well to get to those figures.
Not really - the big out of towners for both Tesco and Sainsbury do north of £1M/week....given a 'full' big trolley can be 200-300gbp worth just of normal groceries ...
Frio3535 said:
There was an article about the owner done a while back quoting figures which when you did some math = circa 700k/week.
Okay found it: http://www.telegraph.co.uk/news/worldnews/europe/r..."The 540-seater establishment takes more than £100,000 in sales everyday, according to Novikov, who said around a third of the £35-million-a-year turnover is profit."
mph1977 said:
GlenMH said:
Thankyou4calling said:
That's astonishing! A Giant ASDA would be doing well to get to those figures.
Not really - the big out of towners for both Tesco and Sainsbury do north of £1M/week....given a 'full' big trolley can be 200-300gbp worth just of normal groceries ...
22s said:
Frio3535 said:
There was an article about the owner done a while back quoting figures which when you did some math = circa 700k/week.
Okay found it: http://www.telegraph.co.uk/news/worldnews/europe/r..."The 540-seater establishment takes more than £100,000 in sales everyday, according to Novikov, who said around a third of the £35-million-a-year turnover is profit."
spikeyhead said:
22s said:
Frio3535 said:
There was an article about the owner done a while back quoting figures which when you did some math = circa 700k/week.
Okay found it: http://www.telegraph.co.uk/news/worldnews/europe/r..."The 540-seater establishment takes more than £100,000 in sales everyday, according to Novikov, who said around a third of the £35-million-a-year turnover is profit."
Mind you-the owner is just another Russian with connections to the kremlin and an unexplained history on where his money came from.
Edited by burwoodman on Tuesday 22 July 08:50
burwoodman said:
spikeyhead said:
22s said:
Frio3535 said:
There was an article about the owner done a while back quoting figures which when you did some math = circa 700k/week.
Okay found it: http://www.telegraph.co.uk/news/worldnews/europe/r..."The 540-seater establishment takes more than £100,000 in sales everyday, according to Novikov, who said around a third of the £35-million-a-year turnover is profit."
Mind you-the owner is just another Russian with connections to the kremlin and an unexplained history on where his money came from.
Edited by burwoodman on Tuesday 22 July 08:50
I guess the economic situation in Russia did his business no harm in the 90's - a lot of Russians made a lot of money - but apparently he is backed by investors as well.
POORCARDEALER said:
Mates got 2 pubs, one does 6k a week the other does 5 ish....they are free houses and he owns the buildings, makes good profits from them surprisingly given the lowish turnovers
Interesting - I wonder if he factors in the cost of the capital to own the buildings in to the profit calcs?spikeyhead said:
Should he also figure in the rise of property value as that has been outstripping most other investments in recent times?
That makes the ROCE calculations quite interesting!Also, could he make more by re-mortgaging the pubs and using the cash for other things....? Potentially lots of opportunities.
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