This is the first quarter to provide comparable data for the four leading companies — Enterprise, Punch, Marston’s and Star Pubs & Bars. In the previous quarter average rent on a new lease was £25,187pa.
As part of the report the four pubcos predicted that average pub turnover would reach £296,103 in the next two years, up from £293,698 predicted in the last quarter. If so, rental costs will represent about 8.2% of turnover.
Pubs in the central south have the highest rents at £29,725, followed by the south-east at £28,316 and the east at £25,279. A total of 308 leases were granted in the period and average lease length fell from seven to six years.