The White Horse, Hertford

Well that didn't last too long. I'm glad they got out sharp as it's never good to see someone trapped in a three year tenancy waste away financially. It's back on the market as of 20th September. £19k for fixtures and fittings, rent TBA. Even £0 is too much for the place now, the wet rent and the council rats will see to that (yes the rats on this place are vermin, was £19k paid from memory, over £1.5k a month). I so wish they'd just sell the damn place, for a sensible price. The Black Horse down the road went for about £300k and is now thriving. I've heard fantasy numbers well over £1 million being bandied around as Fullers' valuation. That would justify the extortionate wet/dry rents charged, absolutely ridiculous when you assess the current potential turnover it might achieve. Currently firmly shut.

26 Sep 2018 16:34

The White Horse, Hertford

Row, row, row the boat, gently up shit creek.

It would seem the latest 'exceptionally experienced with Fullers' operators have thrown in the towel and seen this place for the financial cess pit it is.
How a reasonably efficient operator is meant to make a living from the place when their prize, best in show, chosen ones, can't is anyone's guess.

I wish those departing the very, vey best for the future. Hopefully Fullers will cut you a new deal whereby you stand a chance of making a living and recouping some of your losses.

For anyone else thinking of getting involved. Don't. If you've read this yet feel you are somehow different and that you've cut a deal so good you can't fail, think again. That road you might set out on is flanked by gibbets containing the remains of business plans far sharper than anything you'll come up with and their creators. I will personally pop in and call you a category 5 moron and advise you to get out while you still have a shirt on your back. It might be still there in a years time, but the bank will have a charge on it, your socks and underpants too.

You have been warned, repeatedly. Just stay the hell away. Nobody has yet lost their life over this place, statistically that's not sustainable given the extreme distress it causes to all who take it on. Fullers you should be ashamed of yourselves.

28 Mar 2018 23:31

The White Horse, Hertford

The curse of the Family 'Butchers' strikes yet again with metronomic effect. Martyn was supposedly one of their finest multiple operators, yet when he supposedly signed the lease less than three weeks back, both he and his wife had full time jobs outside the pub. Makes a mockery of all this pofitable partnership nonsense. If the rent he was paying is to be believed it was less than a third charged when they bankrupted Nigel some 3 years ago. Economics still don't work. Brilliant pub, but to avoid at all costs as a business as you'll just be gouged like everyone else has been before.

6 Oct 2012 13:04