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District Bar Glasgow

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District Bar Glasgow

252, Paisley Road West, Glasgow, G51 1BS Pub Code: 2303001101

Pub Code: 2303001101

Foundation Tenancy

Est Min Ingoing Costs: £9,333

Annual Rent: £22,000

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Coming Soon! We are currently working up the financials for this site, so all quoted figures are indicative only. We are accepting applications in the meantime so apply today!

This is a great pub in a busy location

What would you do with this pub to make it even more of a success?

The area

The District Bar  is located in the city of Glasgow, close to Ibrox Stadium and Kinning Park. The pub is surrounded by shops, food and retail outlets and mixed housing.

Demographics

The pub benefits from being one of 14 pubs found in an area of around 5,500 adults. The majority of the customer base is made up of young adults.

The offer

Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a value driven wet-led offer. What drinks would you look to implement in the pub?

The site currently has the ability to drive trade via live sports, live entertainment and pub games machines. It offers a selection of popular beers, ciders, wines and spirits and coffees.

The pub has two public bar areas, one which could be used as a separate function area.

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…

  • Foundation Tenancy

  • Live Sports

  • Function Room

Trading Area & Facilities

  • Main trading area with bar
  • Separate dining room
  • 100 internal covers
  • 10 external covers
  • Function room
  • Games machines

Private Accommodation

The pub has no private accommodation.

Pub Financials Icon

Estimated Total Ingoing Costs

£19,500


Estimated Minimum Ingoing Costs

£9,333

Annual Rent
£22,000
Estimated Annual Turnover
£337,748
Deposit
£5,500
Estimated Fixtures & Fittings Value
£6,500
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.

Location:

252, Paisley Road West, Glasgow, G51 1BS

Google map location image of District Bar Glasgow
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