Run a Star Pub - Park Lane Glasgow - Glasgow

Job Details

Pub Overview

The area

The Park Lane is located in the town of Glasgow, close to Glasgow Central Train Station. The pub is surrounded by commercial businesses. And other bars, cafes and restaurants.

The offer

Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in maintaining a strong competitive wet-ledoffer. What drinks would you look to implement in the pub?

The site currently has the ability to drive trade via tourists, people visiting Glasgow City Centre, live entertainment and live sports. 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?

Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.

• Understanding of the local community
• You know what it takes to build a successful business
• You love hospitality and are great with 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
  
• Live Sports
  

Trading Area & Facilities

• Main trading area with bar

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**:

£11,417 - £22,250

Annual

Estimated Annual Turnover

£389,372

Annual Rent

£35,003

Entry Costs

Deposit
**Deposit build up from 1 month rent

£8,750**

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

£5,000**

Stock Valuation

£5,000

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.