Run a Star Pub - Thornwood Glasgow - Glasgow

Job Details

Pub Overview

Charming and well-loved community pub in Partick - a vibrant and dynamic area close to the University of Glasgow, surrounded by unique shops and local businesses.

How would you enhance this pub to boost its success even further?

The area

The Thornwood is located in the town of Partick, Glasgow, close to Kelvingrove Park, Museum and Glasgow University. The pub is surrounded by shops, food and retail outlets and mixed housing.

Demographics

The pub benefits from being one of 9 pubs found in an area of around 10,000 adults. The majority customer base is made up of young adults.

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. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade via the local community, entertainment and a bespoke food & drinks offer.

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

We'd love to hear from you if you've gained valuable experience from running or owning a pub business.

The ideal candidate will have a strong background in managing a destination food outlet within the hospitality industry. They should possess a clear vision for their food and drinks menu, as well as a solid marketing strategy, and be capable of creating memorable experiences 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

• Foundation Tenancy
  
• Outdoor Trade
  
• Catering Kitchen
  

Trading Area & Facilities

• Main trading area with bar
• Covered Exterior Drinking & Eating Area
• Kitchen
• Smart Dispense

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**:

£18,013 - £57,038

Annual

Estimated Annual Turnover

£862,000

Annual Rent

£54,152

Entry Costs

Deposit
**Deposit build up from 1 month rent

£13,538**

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

£30,000**

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.

Downloads

• Demographics Report Download arrow
• Energy Performance Certificate Download arrow