Tavern Prestwick [previously 7 Saints]

3/5 The Cross, Prestwick, KA9 1AJ

  • 7 Saints Prestwick
  • 7 Saints Prestwick
  • 7 Saints Prestwick
  • 7 Saints Prestwick
  • 7 Saints Prestwick

Tavern Prestwick [previously 7 Saints]

Great Location!
Prestwick is on the Ayrshire Coast and adjoins the larger town Aye. Prestwick Airport is on the outskirts of the town. The Tavern pub was previously known as 7 Saints and is well situated with the train station under ¼ mile from the pub and a local taxi rank is 200m from the site.

In addition to a seaside location Prestwick boasts two significant golf courses.

The Tavern is a vibrant venue with a reputation for craft draught, premium beers, cocktails and coffee. The food offer is treat, quirky, indulgence with some healthy on trend options. There is a great outside trading area and the venue can be used for special events designed to increase trade.

BDM vision - Rare opportunity to secure a high street venue in walk in condition with relatively low outlay. Great opportunity to re-establish a vibrant business with multiple income streams.

Available on our Business Start-Up Agreement, with the following support:
  • Manage your risk: 3 year fixed term agreement that you can terminate at any time on 28 days' notice;
  • Financial support (selects as appropriate):
  • Even bigger discounts on Heineken UK products
This financial support is for the first year, to help you along the way. All quoted figures are based on Star Pubs & Bars FMT rent mode

Pub Features

  • Business Start-Up Agreement
  • Car Parking
  • Catering Kitchen
  • Outdoor Trade

Trading Area & Facilities

The Tavern is a one bar operation centred around a theatre kitchen. The decor is cool and contemporary with natural finishes mixed with industrial and splashes of colour to draw the eye. There is a mix of seating that includes high stools, booths and loose tables and chairs.

There is an excellent sheltered beer garden to the rear of the pub, car parking at the rear for 4 cars and off street parking nearby.

The frontage is as eye catching as the interior with large windows to let in lots of light.

Private Accommodation

No Private Accommodation.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
12:00 - 01:00 12:00 - 01:00 12:00 - 01:00 12:00 - 01:00 12:00 - 02:30 12:00 - 02:30 12:00 - 01:00

Financials

Annual Rent £
24,750
Estimated Annual FMOP (Licensee Profit) £
25,329
Representative HEINEKEN UK Brand Discount Per Barrel £
200
Estimated Annual Turnover £
413,119
Estimated Annual Barrelage
142

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
4,585
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
8,000
Deposit Amount £
3,000
Rent In Advance £
476
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
18,246
Estimated Minimum Ingoing Costs £
15,248

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
697
Estimated Annual Maintenance Compliance Charge £
1,565
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased