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Pub renovation problems solved by business loan
Reported on Wed, 01 Feb 2006
Pub owners should consider taking out a business loan to help fund the refurbishment of their establishments.
The advice follows reports of a publican enjoying success after completing a period of redevelopment within his pub in Berkshire.
Vernon Lovejoy invested heavily in converting the Prince of Wales into two separate bars, one a sports bar and the other a lounge bar.
The extensive renovation means that the pub is now divided into one section for people to watch live sports and listen to loud music, while the other half is for pub lunch diners and those just wanting a quiet drink.
Mr Vernon has revealed that business has improved since paying for the refurbishment.
"We have a lot more people coming into the pub as they know that there is not as much trouble here anymore. People can walk in and out now and not feel intimidated," he said.
"It works well because people have their own space. It is good for people who just want a quiet drink."
If you wish to emulate the success of pub owners across the UK who are benefiting from taking out business loans to pay for redevelopments, a low-rate specialist pub loan is a simple and effective solution. 