Do you have any advice about attempting to take a lease on a Punch Taverns place that is (a) closed, boarded up and looking very sorry for itself, but (b) well located with good potential for a predominantly foodie offering? The freehold is for sale, but I'm not sure of raising the capital. Leasehold, there is sufficient capital available. Here are a few specific questions (please forgive any naivety, 'cos that's the point of asking):
What's their attitude/policy now to a beer tie...and do you regard that as significant or not in a food-led place?
Do you know any tricks, sorry techniques, for maximising their contribution to refurbishment before re-opening?
On the bold assumption that the place is successful and builds some worthwhile goodwill, what steps can leaseholders take to protect the value of that goodwill for themselves at the end of the lease term (bear in mind that the particulars on Punch's website offer a five year lease)?
Any other experience you want to share, particularly from existing or ex Punch Taverns leaseholders?
Thanks in anticipation.