Evening all! So you want me to try and explain the carter/weyland lease hold fiasco.
Pft. That's about all I can say on that.
Ok so in real life yes actually the tenant is responsible for repairs to the building. I've had one lease hold. It kind of went like this.
We paid something like £25k to take the lease. There are courses and application fees and many other pointless things to go through before that which were a couple of thousands each. Then we paid rent, ours was £550 a week. And you are tied on your beer prices. (Free trade means you can buy any beer from any one and negotiate discounts) a tied lease means they set the price which is always vastly more than free trade. Which has a knock on affect on your selling price and profit and also control which brands you sell.
You also have to use their accountants and their stock takers, again at higher than normal price. And they got special equipment to the cellar to track what you put through so no fiddling. You also take the building as is, and are responsible for any and all repairs and improvements. When we took ours we did loads. Initially about £75k on decorating, new toilets and sound and Dj stuff. Then after a while we put in a kitchen and upgraded the second floor.
We did a structural survey as you would if you were buying the building because we knew we were also liable to any big jobs such as roof etc.
When we gave back the lease we sold the kitchen and sound stuff but the money spent on the decorating and building etc was gone. It's all part of the maintaining the building thingamybob.
So that's real life. Oh I should also point out that other than the above stipulations we were left to run it as we wanted. No Fi popping in to criticise the rota or any promotions etc (as long as they fall within the approved products etc).
I have no idea how they are reckoning the carter situation. I have no idea how you can sell an existing free trade pub into a lease business. I don't even know if you can.
Well I suppose you can. There's a local fella who's a big shot, who has been asking to buy my free pub for years and he would lease it back to me. But for that he would pay going market rate for the business. So we are taking big money. He would buy the property and the 'business'. Then I suppose set me up on a lease deal similar to as I described above.
So if that is what the carters did, they should have received hundreds of thousands if not over a million for a building that size in London plus whatever the business is worth. Which they don't appear to have done. They appear to have sold the lot for a few thousand? Maybe a few tens of thousands? ....... but certainly no where near a realistic amount! And then we are back to the pft! It makes no sense!!!
And the near permanent residence of Fi is unexplainable. Once you're all set up and the deal is done, the paperwork goes out to the accountant, the stock taker comes once a month and you see the 'Fi' person every couple of Months to touch base and discuss new products etc. That's it.