Very interesting article in todays Morning Advertiser regarding the continued and worrying rate of closures among licenced premises.https://www.morningadvertiser.co.uk/Article/2018/09/11/Eight-licensed-sites-closed-per-day-in-past-year?utm_source=newsletter_daily&utm_medium=email&utm_campaign=11-Sep-2018&c=KLPUZksbIut8WkS%2BhNPXj9XQ0Ok4aCD5&p2
It’s not all doom and gloom however, with encouraging news that multiple venue operators are increasingly looking towards Northern cities to grow portfolios!
Undoubtedly though, the key message in this report for those in the industry currently experiencing challenging times is, ‘don’t stand still’. As Albert Einstein once said, “The definition of insanity is doing the same thing over and over again, but expecting different results”.
It’s a fiercely competitive sector we operate in, so to remain ahead of the game its imperative that Owners, Tenants & Managers of venues keep offers fresh and the environment engaging and not simply fall in line with the competition.