Run a Star Pub - Tally Ho Hotel Winchburgh - Broxburn

Star Pubs Leased & Tenancy; Broxburn; On-site; GBP 15,000 - 52,000

Job description

Pub Overview

The area

The Tally Ho is located in the town of Winchburgh, close to Clye Hole Park. The pub is surrounded by residential housing.

Demographics

The pub benefits from being one of 4 pubs found in an area of around 2,000 adults within a 10-minute walk. The majority of the customer base is made up of adults.

The offer

Available on our foundation tenancy agreement. The potential of this pub lies in developing a strong 70/30 food & drinks offer. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade via live entertainment, live sports and pub games machines. It offers a selection of popular beers, ciders, wines and spirits, a pub classic menu, and coffees.

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 high street hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy 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

• Car Park
• Foundation Tenancy
• Outdoor Trade
• Private Accommodation

Trading Area & Facilities

• Main trading area with bar
• 70 internal covers
• Medium sized kitchen
• Function space
• SmartDispense
• Large garden with patio
• Car park with 10 spaces
• Games machines

Private Accommodation

Private accommodation consists of 3 bedrooms, a living room, kitchen, and bathroom.

Pub Financials

Estimated Total Ingoing Costs: £42,862

Estimated Minimum Ingoing Costs: £15,809

Annual Rent: £51,708

Estimated Annual Turnover: £644,667

Deposit: £12,927

Estimated Fixtures & Fittings Value: £18,435

Estimated Stock Valuation: £8,000

Estimated Working Capital: £3,500

The above figures are provided as a guide only and will be finalized 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 finalized 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.