In a report to be presented to Union Council this evening, DPFS Tim Aplin calls into question the future of the Wye and Charing Cross bars, saying that they "[do] not make commercial sense".
With bars in South Kensington running at 30% over their projected income and catering at 11% over, any losses at the other bars look especially bad. The losses, enough to pay for an extra sabbatical position, come despite a 5% increase in revenues at Charing Cross - 2-3% above inflation.
With South Kensington bars again expected to prop-up the outlying bars, Aplin states:
"If they are to remain open, the 'Is it a service or a commercial entity?' question must be answered."
The Reynolds Bar at Charing Cross has had a rough time over the last few years, with falling profits under ICU management causing the medics to take it back. The requirement for student bar managers as a result of decentralised management is seen by Mr Aplin to be part of the problem, who believes that "aggressive" restructuring of the management is required.
The situation for the Wye bar would look especially grim with the decimation of teaching at the campus, however a refurbishment plan is in place which could encourage external trade during the World Cup. The bar is, however, still seen as unsustainable as a trading outlet in the long run.
The report is intended to spark discussion - Union Council must decide whether the bars provide a service that is otherwise unavailable to students, so may operate at a loss, or whether they should stand on their own.
Anyone wishing to put questions to Mr Aplin may do so at Council tonight, 7pm in the UDH.
Further information
The projected trading figures are as follows:
- CX: (?10,470)
- Wye: (?11,581)
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