In the UK, Wetherspoon is a well-known pubs brand. Wetherspoon offers the food items at lower prices as compared to the market prices. How is it possible? Therefore, the customers have concerns about why Wetherspoons is so cheap.
Therefore, Several factors can affect the prices including Real Estate strategy, Large opening hours, Limited time offers, special club deals, Long opening hours, No Music, Economies of Scale, and some other reasons.
In this blog, I will share with you why is wetherspoon so cheap to clarify your confusion.
Are Wetherspoon items Cheap?
Yes, Wetherspoon offers food items at very cheap prices if you compare them with the market prices. Therefore, Customers are very wonder why Wetherspoon offers the food at cheap rates.
There is no doubt that the brand offers food at low rates. They also offer great discounts on meal deals from time to time. One thing is note that Wetherspoon also serves the drinks at cheap rates.
So, I was also surprised when I found out how this is possible. So, I looked it up and found the reasons. Now, let’s talk about it in depth but in an easy way to understand. But first of all, I also talk about people’s opinions about low prices on social media.
Customers Opinions on Social Media:
When I talk about people’s opinions, a Reddit user asks the question “Basically as the title suggests, why is Wetherspoons so cheap compared to other pubs? the local Wetherspoons is often more than half the price of other nearby pubs. A pint of Doom Bar (for example) is £2 in Spoons, where as it’s over £4 at other places on the same high street. Ditto for similar beers. Even their food is cheap compared to other pubs, not that their food is anything to write home about, but it beats McDonald’s for the price.”
This statement caught the Reddit user’s attention and they responded with their opinions.
- One Replied, “Spoons have their own reputation as a chain the overshadows any local reputation.”
- Another Reddit user said, “They own their pubs and thus don’t have extortionate rent as an overhead.”
- “A lot of breweries and suppliers will sell enormous volumes to Wetherspoons,” said Reddit user whatmichaelsays.
6 Reasons behind Wetherspoons low prices
Here, I will discuss all the factors one by one to clarify the reason behind the low prices.
Real estate strategy:
Wetherspoon owns their own properties. They mostly restore and refurbish historic buildings such as cinemas, banks, etc to establish pubs. Therefore, they own, develop, and manage pubs.
They do not need to pay for the weekly, monthly, or annual rent and other charges. In this way, they save a large amount of money. This helps to set lower prices and still make a profit.
Economic of Sales:
The brand has launched more than 900 pubs. They buy the beers, food, and other ingredients in bulk order. Therefore, they purchase the items at affordable prices. Dealing with the manufacturers and suppliers helps them offer high-quality products at low prices.
Sir Tim Martin stated, “We have got bigger pubs than average and we have got very long-term relationships with our beer suppliers, so they know that we are not buying it for three months or six months.”
Long opening hours:
One of the main reasons behind the Why is Wetherspoon so Cheap that you may have noticed Wetherspoon pubs stay open late into the night. They also offer breakfast services earlier than the other pubs. Therefore, they sell millions of food items every day which helps them to keep prices down.
Special Club Deals:
Wetherspoons offers the time to time deals. Can you guess why? So, yes wetherspoon offers a wide variety of food items in the deal according to the customer preferences. In this way, the mass production of the production of food items reduces the prices of the items.
So, they adjust prices and always offer the best deals to their customers. Therefore, if the prices are low down, the customers like to enjoy it. So, the increased demand affects the per unit price of the item as a result they offer low rates of the items.
No Music:
Wetherspoon aims to provide customers with a comfortable place. Some of the customers do not like listening to music while dining. However, many of the other restaurants prefer to play the music. Therefore, they do not need to pay royalties. This helps Wetherspoon to save money and reduce food item prices.
Limited Time Offers:
Wetherspoon offers the limited-time offers focusing on the popular dishes and drinks. When the customers see the limited-time offers, then they try it at least once.
Therefore they produce the large production of the deal items after the customer feedback. Increased demand for limited-time food items helps them to set lower prices for the items.
FAQs:
How does Wetherspoon sell alcohol so cheaply?
They buy beer in large quantities from the suppliers. Therefore, when they buy the beer in bulk order, then the suppliers must reduce the prices. This way, they offer the beers at cheap rates.
Why do people like Wetherspoon so much?
The Wetherspoon pubs are popular because of their low prices. They offer the food items at very cheaper prices than the other pubs.
Are all Wetherspoon the same price?
Yes, some of the Wetherspoon offers cheaper prices than the other in the UK. The prices vary by location.