Cost of a pub (New) | The Irish Pub

Cost of an Irish Pub

The Irish Pub Concept. A Remarkable Investment Opportunity

Durty Nelly's Canada by the Irish Pub Company

An authentic design led Irish Pub is a remarkable business opportunity. Our comprehensive services ensure you are put on right track and avoid making common mistakes, with that said, a business plan is a critical part of developing your new businesses.

As each pub is different, the level of investment will vary. The cost of any pub depends on a number of factors – the size of the pub, the design style, the configuration of major cost elements such as the pub front, bar counter and the back bar. A fixed price can be given once a design proposal has been prepared and agreed.

Each pub the Irish Pub Company creates is bespoke, based on the individual preferences and requirements of each client. Each project is value driven, we work to every client’s budget.

25%

“Return on Investment: On average, investors in pubs can expect a return of around 20-25% annually.”

British Beer & Pub Association (BBPA)

20%

“Profit Margins: Pubs typically boast profit margins ranging from 10-20%, making them highly lucrative ventures.”

CGA Strategy

2.5%

“Growth Potential: With a projected annual growth rate of 2.5%, the pub industry offers ample opportunities for expansion and increased profitability.”

Technavio

1 in 15

“Employment Impact: Pubs contribute significantly to employment, with approximately 1 in 15 jobs in the UK being supported by the pub sector.”

UK Office for National Statistics (ONS)

£23bn.

“Economic Contribution: Pubs contribute over £23 billion annually to the UK economy, highlighting their substantial financial impact.”

Campaign for Real Ale (CAMRA)

15%

“Resilience: Despite economic fluctuations, pubs have shown resilience, with over 15% of pubs operating for more than 100 years, demonstrating their enduring appeal and stability as investments.”

Campaign for Real Ale (CAMRA)

Budgets

There are two ways the Irish Pub Company work in terms of budgets. Our team at the Irish Pub Company are happy to engage with potential operators to discuss pricing options with them.



Defined Budget

If the client has a defined budget we engage with the client and see what we will be able to provide within that budget. We will evaluate the budget and outline the essential elements within the pub so that is expresses a truly authentic atmosphere.



Establish Budget Based on Our Experience

The other way we establish a budget is to discuss the project with the client, review plans and styles, understand the expectations and wishes of the client and we can then estimate the budget. The budget depends on the style chosen and the level of detail that the client wishes.

Cost of a Pub

How Much does a pub cost?

We prioritise transparency in pub building costs. While we can’t give exact figures upfront as each project is different, we’re dedicated to providing realistic estimates during consultations. This ensures informed decision-making and trust throughout your project.

Initial Consultation and Concept Development

We prioritise transparency in pub building costs. While we can’t give exact figures upfront as each project is different, we’re dedicated to providing realistic estimates during consultations. This ensures informed decision-making and trust throughout your project.

Detailed Design and Budgeting

Once the concept is approved, we delve into detailed design and budgeting. This stage involves fine-tuning the design elements and providing a comprehensive breakdown of costs including materials, labour, and additional expenses.

Manufacturing and Procurement

With the design finalised, we proceeded to manufacture and procure all necessary components for the pub. Our team ensures that every element, from furniture to fixtures, meets the highest standards of quality while staying within budget constraints.

Construction and Fit-Out

Finally, we commence construction and fit-out, where our skilled craftsmen bring the design to life. This stage includes site preparation, construction work, installation of furnishings, and finishing touches, all of which contribute to the overall cost of building a pub.

We Ensure Success

Through a strategic pub business plan



Research and Analysis

Begin by conducting thorough market research to understand the local pub industry and identify your target audience. Analyze competitors, consumer trends, and demand patterns. With our expertise at the Irish Pub Company, we leverage insights from over 2,000 pubs built worldwide to guide your research and inform your business plan.



Strategic Planning

Develop a comprehensive strategy that outlines your pub’s concept, offerings, pricing, and marketing approach. Define your unique selling proposition (USP) and craft a branding strategy that resonates with your target market. Utilize our expertise at the Irish Pub Company to integrate strategic elements into your plan, drawing from our vast experience in pub design and operation.



Projections and Risk Assessment

Create detailed financial projections, including startup costs, operating expenses, revenue forecasts, and break-even analysis. Assess potential risks and develop contingency plans to mitigate challenges. With our guidance, based on decades of experience in the industry, we ensure that your pub business plan is robust and aligned with your goals for success.

Get in touch

Transform Your Space into a Thriving Pub and Restaurant

With our proven track record of success and attention to detail, we’ll transform your vision into a thriving pub and restaurant that stands out from the crowd. Let’s bring your concept to life! We have an elaborate team with a passion for pub and restaurant build-outs made to be timeless.

Contact Us

Cost of an Irish Pub

25%

20%

2.5%

1 in 15

£23bn.

15%