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How we value public houses and other licensed premises
Fair maintainable trade is the annual level of trade (excluding VAT) that a pub can be expected to achieve assuming a reasonably efficient operator. It is based on:
- The type of pub or licensed premises
- The area it is in
- What services it is able to offer – such as food, gaming, sports screenings.
We refer to actual rents and turnovers we collect from businesses to arrive at levels of fair maintainable trade.
We then apply a percentage to the fair maintainable trade figure to calculate the rateable value .