Auld Hoose Edinburgh

23-25 St Leonards Street, Edinburgh, EH8 9QN

  • Auld Hoose Edinburgh
  • Auld Hoose Edinburgh
  • Auld Hoose Edinburgh
  • Auld Hoose Edinburgh
  • Auld Hoose Edinburgh
  • Auld Hoose Edinburgh
  • Auld Hoose Edinburgh
  • Auld Hoose Edinburgh
  • Auld Hoose Edinburgh
  • Auld Hoose Edinburgh

Auld Hoose Edinburgh

The Auld Hoose is situated in St Leonards, Newington, a thriving part of Edinburgh city centre. This is a densely populated area popular with students and the pub has a good food reputation, especially it's famous nachos.

The pub is well established and well maintained. The current food and drink offer does well and should be retained and built on. The menu features many vegetarian and vegan options and the cask range is extensive.

The pub is quirky and welcoming with well supported quiz nights and getting the atmosphere right is key.

Do you know this part of town well? Newington is like a village within a city and has its own feel that needs to be catered for. The area can be quite seasonal so a USP and fantastic social media output are essential.

Pub Features

  • Rolling Tenancy
  • Catering Kitchen
  • Cask Ale

Trading Area & Facilities

The Auld Hoose is a large, one room pub in a traditional Edinburgh tenement block. The pub has great visibility from the street and is well maintained inside and out. Inside, the bar is L shaped and the kitchen is situated at the back of the pub. The pub has high ceilings and large windows and is decorated in a traditional but contemporary style.

Private Accommodation

There is no private accommodation on site.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 01:00 11:00 - 01:00 11:00 - 01:00 11:00 - 01:00 11:00 - 01:00 11:00 - 01:00 11:00 - 01:00

Financials

Annual Rent £
35,000
Estimated Annual FMOP (Licensee Profit) £
34,996
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
465,124
Estimated Annual Barrelage

“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 £
4,185
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
8,750
Rent In Advance £
673
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 £
20,793
Estimated Minimum Ingoing Costs £
10,858

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 £
1,122
Estimated Annual Maintenance Compliance Charge £
1,469
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