Pubs, if you have been asleep for the last 10 years, are a very dieing industry.
You'll see more bankrupt or Pub owners that walked away with loss in the last 10 years than at any other time.
Wages, Drinking habbits (0.05, hence all the new bottle shops) have killed pubs. The only Pubs that make money these days are pubs that moved into food in a big way...
Anyone whom had a pub that "just" making money 10 years ago, got slaughtered.
Food is where the money the smart money is.
And thats the point Chief, they cant afford Millions for a Pub, just ask the Collingwood Football Club
Sure, some are good operators that have owned the pub for years, and have seriously increased meals...
But you sure me a Pub that just serves beer and bar meals and i'll show you a pub that on its last legs.
You metro Pubs can do ok, but you add Penalty Rates to a regional or small country pub.... pfft, its a killer.
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