Run a Star Pub - Cuiken Inn Penicuik - Penicuik

Star Pubs Leased & Tenancy; Penicuik; On-site; GBP 25,000 - 45,000; Full time

Job description

Pub Overview

Fantastic opportunity to take over a community focused pub.

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

The area

Prominently located on the busy main road opposite Tesco in Penicuik, the Cuiken Inn provides a great opportunity to operate a refurbished Local Community Pub.

In a densely populated neighbourhood (11,000 people 18+ years within a 20 minute walk) and close to several new housing developments and a light industrial estate.

The offer

The pub will be renamed, The Pentland Inn, following external and internal refurbishment, and will provide much improved kerb appeal externally and comfortable, modern facilities with 65 covers internally.

A great value Drinks Offer, showcasing an exciting range of draught beers & ciders, premium spirits & classic wines will be complemented by regular activities, including Televised Sport, Live Entertainment at Weekends, a Quiz Night, and Pub Games.

The kitchen, located behind the bar, provides the opportunity to create a Bar Food Offer, daytime and evenings.

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. The upgraded Pentland Inn provides a fantastic opportunity to launch a brand new pub within Penicuik.

We are looking for an enthusiastic person who:

• Understands & can Engage with the local community
• Is keen to Build/Grow a successful local business
• Likes hospitality and is 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

• New Deal
• Foundation Tenancy
• Refurbishment Planned
• Live Sports
• Music Venue
• Private Accommodation

Trading Area & Facilities

The Pentland Inn will be undergoing a refurbishment which will cover the interior and exterior of the pub.

A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.

The pubs trading area and facilities post refurbishment will be:

• Main trading area with bar
• Separate dining room
• 65 internal covers
• Catering kitchen
• SmartDispense

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Where a significant investment is made in a pub by Star Pubs, an 'Investment Exemption' will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).

Private Accommodation

Private accommodation consists of 2 bedrooms, a living room, kitchen and bathroom.

Pub Financials

Estimated Total Ingoing Costs: £27,869

Estimated Minimum Ingoing Costs: £27,869

Annual Rent: £25,474

Estimated Annual Turnover: £353,541

Deposit: £6,369

Estimated Fixtures & Fittings Value: £12,000

Estimated Stock Valuation: £6,000

Estimated Working Capital: £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
• Refurbishment Details Download arrow