Run a Star Pub - Lovat Arms Yoker - Glasgow

Job Details

Pub Overview

What would you do with Clydebank’s The Lovat to make it even more of a success?

The Lovat is located in the town of Clydebank, approx. 10 mins drive to Jubilee Hospital. The pub is surrounded by mixed housing.

Nestled in the vibrant heart of Clydebank, The Lovat is a pub that has a unique blend of traditional charm and contemporary comfort. This well-established pub is a local favourite, known for its wide selection of drinks and delicious food that caters to all tastes. The area surrounding the Lovat is a bustling hub of activity.

The pub benefits from being one of seven pubs found in an area of around 3,286 adults. The customer base is made up of low affluence, full time employed with a higher percentage of females .

The offer

Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in developing a well thought through food & drinksoffer.

The site currently has the ability to drive trade via great food and drinks, live entertainment, live sports and selection of pubs games, such as pool. It offers a selection of a pub classic menu, coffees, and popular beers, ciders, wines and spirits.

We are always open to new ideas, what would you do to drive trade?

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

The right operator for the pub will have extensive experience in a community led hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their customers.

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

Features

• Catering Kitchen
  
• Live Sports
  
• Outdoor Trade
  
• Pub Games
  
• Music Venue
  
• Foundation Tenancy
  

Trading Area & Facilities

• Main trading area with bar
• 100 Internal covers
• 50 External covers
• Small Kitchen
• Function Room
• SmartDispense
• Beer Garden
• Pool Table

Private Accommodation

The pub has 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 range from**:

£16,030 - £33,092

Annual

Estimated Annual Turnover

£506,076

Annual Rent

£30,369

Entry Costs

Deposit
**Deposit build up from 1 month rent

£7,592**

Estimated Fixtures & Fittings Value
**Rented fixtures & fittings deal available

£12,000**

Stock Valuation

£10,000

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.