Taking on a Pub Tenancy with Joule’s: What You Need to Know
If you’ve ever dreamed of running your own pub, a tenancy with Joule’s could be the perfect opportunity to bring that dream to life. While you won’t own the pub itself, you will have the chance to operate and manage it as your own business, all within the framework provided by Joule’s. From staffing and stock management to delivering exceptional customer experiences, you’ll have full control over the day-to-day operations. Here’s a closer look at what a Joule’s tenancy involves, and what you should consider before taking the plunge.
What is a Pub Tenancy?
A pub tenancy allows you to rent a pub from Joule’s Brewery, giving you the autonomy to run your own business. You’ll be responsible for everything from hiring staff and ordering stock to paying bills and ensuring excellent service. While Joule’s provides the premises and framework, the success of the pub is entirely in your hands.
Agreement Options at Joule’s
Joule’s offers two types of tenancy agreements, allowing you to choose the option that best suits your experience and goals:
The Darwin Agreement (One-Year Tenancy)
Perfect for those new to the industry or stepping up from a General Manager role, the Darwin Agreement is a one-year tenancy designed to help you gain valuable experience with support tailored to your needs. It’s an ideal stepping stone, giving you the chance to build confidence and skills before committing to a longer-term agreement.
The Five-Year Tenancy
For those with pub management experience, Joule’s offers a five-year tenancy agreement. This option provides the stability and time to truly grow and develop the pub, with the potential for long-term success. At the end of the agreement, a business review will be conducted with the aim of renewing the contract.
Notice Period
If you decide to leave, the tenancy agreement requires a four-month notice period.
Tied Draught Beer Agreement
The Joule’s tenancy is a fully tied draught beer agreement. This means that all draught beer must be purchased through Joule’s and our partners, Molson Coors.
However, unlike many traditional agreements, Joule’s offers flexibility on other products. You will be free of tie on wines, spirits, minerals, and food, allowing you to source these from suppliers of your choice. This freedom gives you the flexibility to develop your offer to suit your customers and create a distinctive selection that aligns with your vision.
Costs to Consider
Before taking on a tenancy, it’s important to be aware of the initial costs involved, which can vary depending on the pub. These may include:
- Security deposits
- Inventory purchases
- First stock orders
- Miscellaneous setup costs
Joule’s understands that starting a business can be financially demanding, so we may offer assistance, such as builders on security deposits or inventory loans, to help ease the transition.
Your Responsibilities
Once you’re running the pub, all business responsibilities rest with you. These include:
- Hiring and managing staff
- Covering all bills, including utilities and council tax
- Managing day-to-day operations
- Ensuring health and safety compliance
- Adhering to the Tied Draught Beer Agreement
- Taking on certain maintenance responsibilities
Is a Joule’s Tenancy Right for You?
Taking on a Joule’s pub tenancy can be an incredibly rewarding experience for those passionate about hospitality. It’s the perfect blend of independence and support—enabling you to run a successful pub with the backing of a well-established brewery. Whether you’re new to the industry or an experienced professional, Joule’s flexible agreements offer the chance to find the right tenancy for your ambitions.
A Joule’s tenancy could open the door to an exciting and profitable venture—but preparation is key. By understanding the financial and operational responsibilities, as well as the support available, you’ll be well-positioned to turn your pub dream into a successful reality.
For more information, click the button below or contact Rachel at opportunities@joulesbrewery.com