In Reply to: re: save the pub posted by Jack on May 22, 2013 at 16:24:39:
So your logic is the pubs would put themselves out of business if we had more money ?
We've plenty of pubs stuck in upward only rental scenarios. We've plenty of pubs bought during the boom with large mortgages to pay, we've cost bases for any retail business in Ireland that are high, and thats before the wholesaler and government take their slice of each pint. No one wants to go out of business and if pubs could simply reduce their prices and stay profitably in business then they would however its not always that simple.