Kilderkin Edinburgh
67 Canongate, Edinburgh, EH8 8BSAgreement Type:
Just Add Talent
View details for Kilderkin Edinburgh
Cuiken Inn Penicuik
Cuiken Inn Penicuik
28, Edinburgh Road, Penicuik, EH26 8NW Pub Code: 0080080101
Pub Code: 0080080101
Foundation TenancyEst Min Ingoing Costs: £28,089
Annual Rent: £26,356
Fantastic opportunity to take over a community focused pub.
What would you do with this pub to make it a success?
The area
In the area of Penicuik, 12 miles from Edinburgh city centre, the pub is a 15-minute walk from the main high street. It is situated in a busy neighbourhood with many families and close to several new housing developments. Approximately 11,000 people (aged 18 and over) live within a 20-minute walk of the pub, with this number set to grow.
Demographics
There are six pubs within a 20-minute walk, and the high street features a range of independent bars, cafes, and chains. The pub has 65 internal covers, and a complete external redecoration of the signage will rename the pub, significantly enhancing its kerb appeal
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in introducing a well thought through wet-led offer. What drinks would you look to implement in the pub?
When refurbished, The Pentland Inn will offer:
• An extensive range of classic and premium lagers, spirits, wines, and cocktails and low and no alcohol options.
• The entertainment offer should complement the pub with regular events such as weekend music and Pub Quiz
The site currently has the ability to drive trade via live sports, and live entertainment. It offers a selection of popular beers, ciders, wines and spirits.
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
The Cuiken 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:
- Main trading area with bar
- Smart Dispense
Private Accommodation
Private accommodation consists of 2 bedrooms, a living room, kitchen and bathroom.
Estimated Total Ingoing Costs
£28,089
Estimated Minimum Ingoing Costs
£28,089
Annual Rent
£26,356
Estimated Annual Turnover
£345,345
Deposit
£6,589
Estimated Fixtures & Fittings Value
£12,000
Estimated Stock Valuation
£6,000
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:
28, Edinburgh Road, Penicuik, EH26 8NW
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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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