Wellington Bar Falkirk
6 Manor Street, Falkirk, FK1 1NHAgreement Type:
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View details for Wellington Bar Falkirk
Callendar Arms Falkirk
Callendar Arms Falkirk
1, Callendar Road, Falkirk, FK1 1XS Pub Code: 2302803101
Pub Code: 2302803101
Long-Term FRI LeaseEst. Annual Turnover: £325,123
Annual Rent: £30,411
A rare free-of-tie opportunity in the heart of Falkirk.
The Callendar Arms offers something you don’t see often - a completely free-of-tie lease, giving you full control over how you run and shape the business. We’re open-minded and genuinely interested in your ideas on how you’d make this site a success.
The area
Right in the centre of Falkirk, just moments from the bus station and surrounded by shops, this is a well-known, established pub with strong local roots and consistent trade (is this true?)
The Callendar Arms is available on our Fully Repairing and Insuring Lease (FRI) Click here for more information on this agreement. Note that in this instance the FRI we are offering is a five year fixed term, with no right to assign.
Trading Area & Facilities
The large, open-plan trading area gives you real flexibility to put your own stamp on the space. Whether you see a wet-led local, a food-driven offer, or something more hybrid, the layout can adapt to your vision.
With a fully fitted catering kitchen already in place, there’s a clear opportunity to introduce or grow a food offer alongside the existing business.
The pub’s trading area and facilities are:
- Main trading area with bar
- Rear sports zone
- 74 internal covers
- Catering kitchen
- HEINEKEN SmartDispense
- Small external seating (subject to licensing)
- Nearby public parking
Private Accommodation
The pub has no private accommodation.
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs
£23,103
Annual
Estimated Annual Turnover
£325,123
Annual Rent
£30,411
Entry Costs
Deposit
**Deposit build up from 1 month rent
**Deposit build up from 1 month rent
£7,603**
Estimated Fixtures & Fittings Value
**Rented fixtures & fittings deal available
**Rented fixtures & fittings deal available
£7,000**
Stock Valuation
£5,000
Working Capital Required
£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.
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.
Location:
1, Callendar Road, Falkirk, FK1 1XS
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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