Run a Star Pub - Park Bar Glasgow - Glasgow

Job Details

Pub Overview

Fantastic Community Pub in close proximity to Ibrox Football Stadium

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

The area

The Park Bar is located in the town of Glasgow, close to Ibrox Football Stadium. The pub is surrounded by shops, food and retails outlets and mixed housing.

The pub benefits from being one of 9 pubs found in an area of around 6,195 adults. The Park Bar customer base is made up of mixed age group of 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 Pubic Bar & Function Area live entertainment, live sports and selection of pub games, such as pool, and darts. It offers a selection of popular beers, ciders, wines and spirits.

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

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 for a sports and entertainment offer 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

• 3 Year Tenancy
  
• Catering Kitchen
  
• Function Room
  
• Live Sports
  
• Music Venue
  
• Pub Games
  
• Outdoor Trade
  

Trading Area & Facilities

• Main trading area with bar
• Small kitchen
• Function room
• 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**:

£14,466 - £31,897

Annual

Estimated Annual Turnover

£491,083

Annual Rent

£35,586

Entry Costs

Deposit
**Deposit build up from 1 month rent

£8,897**

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

£11,500**

Stock Valuation

£8,000

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