Wellington Bar Falkirk
6 Manor Street, Falkirk, FK1 1NHAgreement Type:
Business Start Up Agreement
View details for Wellington Bar Falkirk
Canal Inn Falkirk
Canal Inn Falkirk
14, Canal St, Camelon, Falkirk, FK1 4QU Pub Code: 0080301101
Pub Code: 0080301101
Foundation TenancyEst Min Ingoing Costs: £9,312
Annual Rent: £21,747
The area
The Canal Inn is located in the town of Falkirk, close to Lock 16 on the Forth & Clyde canal. It is nicknamed the "War Office" as it used to be the place for locals to enlist during wartime. It is a single room open plan layout with exposed brickwork, wooden beams, and wall panels, plus a wood burning stove for a cosy atmosphere. There are historical photos on the walls, a jukebox & dartboard. Ability to drive trade via tourists and locals.
Demographics
The pub benefits from being one of nine pubs found in an area of around 3,800 adults. The affluent customer base is made up of locals and tourists.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a strong drinks offer. What drinks offer would you look to implement in the pub?
The site currently has the ability to drive trade via tourism live entertainment, pub games machines and selection of pub games, such as pool, and darts. It offers a selection of popular beers, ciders, wines and spirits, coffees, and cask ales.
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business.
- You love hospitality and are great with 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…
Trading Area & Facilities
Trading areas and facilities:
- Main trading area with bar
- 60 internal covers
- Smart Dispense
Private Accommodation
The pub has no private accommodation.
Estimated Total Ingoing Costs
£17,937
Estimated Minimum Ingoing Costs
£9,312
Annual Rent
£21,747
Estimated Annual Turnover
£320,953
Deposit
£5,437
Estimated Fixtures & Fittings Value
£5,000
Estimated Stock Valuation
£4,000
Estimated Working Capital
£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:
14, Canal St, Camelon, Falkirk, FK1 4QU
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Selected pub
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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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