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Buy Your Own London Bar

Posted by: Kelly Hussey 30/10/2009 @ 16:14
Subject: Pubs & Bars

Who wouldn’t want to own their own bar? I know I have overly romantic ideas about owning my own cocktail bar, specialising in martinis. Of course, I’m not taking into account the long hours, back-breaking work and, um, the fact I can barely mix a vodka and orange. Luckily, it’s now possible to buy your own London bar without having to put your heart and soul into it with MyYourOur Bar.

This is the capital’s first cooperatively owned, online managed bar. It works by getting 2000 members each paying £175 each to raise the capital to begin the process of purchasing a lease and extending it on a licensed premises. Sounds easy enough to me! That will give you the chance to buy your own London bar for the cost of a coat in Top Shop. Plus it would make an awesome Christmas present!

But don’t all scramble at once. There’s no limit on the number of members. After the initial 2000 sign up, the rest will raise money for improved facilities, a higher profile location and even new branches. So you might even up buying your own London chain! I’m up for that! If you don’t like the idea of members bars or members clubs then this could be the answer.

The only rules of the club are that the bar will be located in London and requires a minimum 2000 investors at a £175 fee for lifetime membership. The bar is owned and managed only by the MyYourBar Society on a one member one vote team, so you have a say on what happens. It’s hoped that eventually it will go global.

So, if you’ve always wanted to buy your own London bar but don’t fancy entering a competition like The Restaurant or stumping up your life savings then this could be the answer.

I’m going to add it to my Christmas list. Get ready Santa!

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