Weatherspoons seems like the pub equivalent of Easyjet and Ryanair.
Aggressively negotiate on the cost base - beer, food, rental costs. Optimise efficiency with right sized and right locations. Train staff to manage food, beer etc to minimise wastage. Use low price to attract punters.
No one flies Easyjet or Ryanair for the free lounge access, in flight catering, premium seat spacing etc. It gets them where they want to be cheaply.
Weatherspoons does the same - it is the destination of choice for cheap beer and food, not haute cuisine and sophisticated ambience. It does what it says on the can - so to speak!
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