Run a Star Pub - Lion & Star Kirkintilloch - Glasgow

Job Details

Pub Overview

A refurbishment project of around £125,000 is planned for this spacious community pub with live sport, great drinks and food. What would you do with this pub to make it a success?

The Area:

The Lion & Star is located in the town of Kirkintilloch on the main street, just a short walk from the town centre and many local amenities. It’s a 10-minute train ride into Glasgow city centre. The surrounding area includes a mix of mature households and younger residents, with over 3,400 adults within a 10-minute walk and more than 10,600 within 20 minutes.

The Offer:

The Lion & Star is available on our investment tenancy agreement. Click here for more information on this agreement.

Following a full internal and external refurbishment, this large, modern space will become a welcoming community pub offering a refreshed layout including a new sports zone, fully redecorated interior, and updated toilets. The pub will cater to a broad local audience with a strong wet-led offer and a casual menu of crowd-pleasing dishes.

We’re always open to new ideas - what would you do to drive trade?

If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.

The right licensee for The Lion & Star will have extensive experience in hospitality businesses. They will have a clear vision for their drinks offer, entertainment schedule and community engagement, and can create a memorable experience for their customers.

If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter...

Features

• Investment Tenancy
  
• Catering Kitchen
  
• Live Sports
  
• Outdoor Trade
  

Trading Area & Facilities

The Lion & Star will be undergoing a refurbishment which will cover the trading areas of the pub.

A full list of works and pub floor plan can be found in the ‘Refurbishment Details’ in the downloads section.

The pub’s trading area and facilities post-refurbishment will include:

• Main trading area with bar
• 79 internal covers
• 24 external covers
• HEINEKEN SmartDispense system
• Beer garden

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Private Accommodation

There is no private accommodation.

Pub Financials

Pub Financials Icon
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.

Indicative entry costs

£39,672

Annual

Estimated Annual Turnover

£490,342

Annual Rent

£32,868

Entry Costs

Deposit

£8,172

Estimated Fixtures & Fittings Value

£21,000

Stock Valuation

£7,000

Working Capital Required

£3,500

The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.

Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

Downloads

• Demographics Report Download arrow
• Energy Performance Certificate Download arrow
• Refurbishment Details Download arrow