Just like the Rovers Return or the Queen Vic, pubs are a key part of any community. They often have a loyal customer base of regulars, as well as being able to attract new clients through promotions and events. Hilton Smythe has seen an increase in people wanting to fulfil their dream of buying a local, and have sold everything from the quiet country pub to a busy city centre bar.
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Just like the Rovers Return or the Queen Vic, pubs are a key part of any community. They often have a loyal customer base of regulars, as well as being able to attract new clients through promotions and events.
Over the past few years, there has been an increased turnover in the UK pub industry and a rise in younger landlords investing in businesses. Zurich’s SME Risk Index in 2015 found that, since 2012, the number of young pub owners (aged 25 to 34) has increased by more than 25%. The research also found that a significant number of this group of young entrepreneurs were women, with females making up 32% of the group.
Gareth Smyth, Group Managing Director at Hilton Smythe, said: “Pubs are a great business for people wanting to be their own boss. Village pubs, are the cornerstone of the community, and have loyal customers as well as passing trade. It’s a great source of income, and gives you the chance to get to know people, especially the characters.
“It’s great to see that younger people are becoming landlords, as it breathes new life into the industry. There was a time when the idea of a family business, such as a country pub, might have been considered unfashionable, so I’m very pleased that more people can see the potential in running their own pub.”
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