Kilderkin Edinburgh
67 Canongate, Edinburgh, EH8 8BSAgreement Type:
Just Add Talent
View details for Kilderkin Edinburgh
Cedar Inn Aberdour
Cedar Inn Aberdour
20, Shore Road, Aberdour, KY3 0TR Pub Code: 2303298101
Pub Code: 2303298101
Long-Term FRI LeaseEst Min Ingoing Costs: £175,533
Annual Rent: £48,132
The area
Seaside village
The pub itself is located in Aberdour, a picturesque seaside village along the popular Fife coast, less than an hour’s drive away from Edinburgh. Aberdour was recently voted in the top 10 places to live in the UK. Aberdour is a popular town with a growing, largely affluent population driven by a new housing development. It is also popular with golfers and tourists. The local demographics are above average affluence with great train access to Edinburgh.. Tap into this pub’s potential!
The offer - Fully Repairing and Insuring Lease.
When refurbished, The Cedar will offer:
• An extensive range of drinks including premium lagers, spirits, wines, and cocktails and low and no alcohol options.
• A delicious, fresh modern menu catering from brunch to dinner.
• Live weekend music, a weekly pub quiz and occasional live sport to encourage different groups to come to the pub.
• Coffees, to accompany the fantastic food menu.
The Cedar is available on our FRI agreement. Click here for more information on this agreement.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the Cedar will have extensive experience in destination food outlet hospitality businesses. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their customers.
Available on our Fully Repairing and Insuring lease, which is perfect for experienced licensees who want time to build up the value of their business and accrue the return on their investment.
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…
Trading Area & Facilities
The Cedar will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
- Slappings to allow area to be opened out into a one room operation. New bar installed within lower public bar area and former gents toilets to become the cellar accessed directly from the bar
- 107 internal covers
- 56 external covers
- Large catering kitchen
- Function room
- Smart Dispense
- 12 letting rooms
- Rear beer garden to be refurbished with new paving and boundary wall
- Car park with 6 spaces
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private Accommodation
New operator to determine whether they retain rooms for private accommodation.
Estimated Total Ingoing Costs
£175,533
Estimated Minimum Ingoing Costs
£175,533
Annual Rent
£48,132
Estimated Annual Turnover
£761,149
Deposit
£12,033
Estimated Fixtures & Fittings Value
£150,000
Estimated Stock Valuation
£10,000
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:
20, Shore Road, Aberdour, KY3 0TR
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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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