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Run a Star Pub

4 months ago

Inverness, Highlands, United Kingdom Star Pubs Leased & Tenancy Careers Full time
Pub Overview

The location:

Gunsmiths is located in the town of Inverness, close to town centre and train station. The pub is surrounded by shops, food outlets and retail premises.

Demographics:

The pub benefits from being one of 36 pubs found in an area of around 3,643 adults. The loyal customer base is built of local residents and tourists alike.

The offer:

Available on our Three Year fixed Term Foundation Agreement, the potential of this pub lies in maintaining a strong 100% wet ledoffer. What drinks would you look to implement in the pub?

The site currently has good live entertainment, live sports and a great drinks range. We’re always open to new ideas, what would you do to drive trade?

Recruitment message:

Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
  • Understanding of the local community
  • Understanding of how to build a successful business
  • Ability to engage with customers from behind the bar

If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pubs next chapter...

Features

  • Foundation Tenancy
  • Live Sports


Trading Area & Facilities

Trading areas and facilities:
  • Main trading area with bar
  • Upstairs mezzanine level with additional seating
  • Two snug areas to the rear
  • Pub capacity: 230


Private Accommodation

The pub has no private accommodation.

Pub Financials

Annual Rent £
27,294
Estimated Annual Turnover £
354,707
Deposit £
6,823
Estimated Fixtures & Fittings Value £
7,000
Estimated Stock Valuation £
8,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
25,323
Estimated Minimum Ingoing Costs £
13,774

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.