RE: stinks of a pub co that won’t spend16 Sep 2021 00:21
Randomly I just popped over as Mars is still on one of my watchlists even though I’m not currently invested.
We’d need to know more about the site in question, the description of ‘manager’ initially leads me to think that the site is a marstons managed site, but that doesn’t seem particularly likely - the chances of a managed site not having a budget for decorations at Christmas seems incredibly unlikely..
I’d assume that it is a ‘low cost entry’ scheme site, as the ‘tenant’ is trying their toe in the water to score some free dec’s….
In 2019, I spent way in excess of £1000 on new decorations, trees, lights, tinsel… my pub looked bare… it literally costs £1000’s to get the rooms done to a high standard…
As these types of ‘shared income’ sites are probably treading water at the minute - I’d take this with a pinch of salt, there’s hundreds of these type of sites and some of the operators have other means of income, some however don’t and will indeed be struggling.
This is the first post i came to, I’ll have a poke around..
I can’t wait to see people’s take on the employee situation!