The Castle

A 'warts & all' account of the transformation of a run-down pub in Bradford-On-Avon into a 'proper' Inn (food pub with rooms). Written by Alex Reilley & Pierre Woodford

Sunday, January 07, 2007

The pressure mounts

With the deal beginning to drag we start to get pressure from the seller's agent. We're accused of delaying the deal in order to tie up the freehold transaction with the leasehold purchase. Who us...never! This is not helped by our last visit, when relations between us & the owner were just a tad frosty. In addition we decide it would probably now be a good idea to address the fairly large blackhole in our finances & take the decision to offer up 20% of our merry scheme to an investor, ideally for £100k.

I put the word out to the usual hopeless gossips as well as speaking to a couple of contacts in the industry. This include Philip Addis, who owns the award wining Bath based Great Western Wine. I have known Philip for the last 7 years & have the utmost respect for him & his company. Philip says he may know a couple of people who might be interested. He'll be in touch.


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