Run a Star Pub - Bon Accord Glasgow - Glasgow

Job Details

Pub Overview

Glasgow Institution up for lease for the first time in 25 years.

What would you do with this pub to make it even more of a success?

The Area:

The Bon Accord is located in the city of Glasgow, close to the West End/Finnieston and City Centre. The pub is surrounded by shops, food and retails outlets and mixed housing. It also close to various major venues and hotels, which drive footfall.

Demographics:

The pub benefits from being one of 60 pubs found in an area of around 11,000 adults. The majority of the customer base is made up of medium to high affluent professionals.

The Offer:
Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in maintaining with scope for developing a strong 20/80 food & drinks offer. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade via it’s already established Whisky offer, live entertainment and capturing additional markets. It offers a selection of popular beers, ciders, wines and spirits, a pub classic menu, and cask ales.

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 operator for the pub will have extensive experience in a destination outlet hospitality business. They will have a clear vision for their food & drinks menu, entertainment offer and marketing strategy 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

• Foundation Tenancy
  
• Cask Ale
  
• Catering Kitchen
  

Trading Area & Facilities

• Main trading area with bar
• Separate dining room
• 60 internal covers
• Catering kitchen
• Function room
• SmartDispense
• Major Whisky USP
• Large Cask Ale Opportunity

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**:

£33,295 - £65,385

Annual

Estimated Annual Turnover

£738,357

Annual Rent

£57,543

Entry Costs

Deposit
**Deposit build up from 1 month rent

£14,385**

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

£22,500**

Stock Valuation

£25,000

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