sludge, all you need to do is sit your licence and hand me a cheque for 90k and your in
Its a very strange industry in truth. Its stupid hours, hard work and can be laden with grief, On the flipside you meet and make some very good friends, have a good laugh and can earn a nice living.

If you are looking to get into the industry then i would recommend management first rarther than investing your own money. You will get paid a set wage, normally plus target bonus. It wont be fantastic for your first pub but its an insight.

If you then choose that this is the career for you, i would seriously look at a freehold over a tennancy or leasehold. Quite a scary investment but your morgage is often cheper than the rent would be on tennancy or leasehold. No ties for beer, 100% of fruit machine + pool table takes etc rather than the normal 2 or 3 way splits. Freedom to negiotiate your own beer supply deals etc.

Any questions feel free to ask.