Tavern Prestwick
3/5 The Cross, Prestwick, KA9 1AJAgreement Type:
Investment Tenancy
View details for Tavern Prestwick
Hazeldene Hotel Gretna
Hazeldene Hotel Gretna
Main Street, Springfield, Gretna Green, DG16 5EA Pub Code: 0081108101
Pub Code: 0081108101
Foundation TenancyEst Min Ingoing Costs: £10,952
Annual Rent: £29,419
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!
The Hazeldene Hotel is a great opportunity near Gretna Green and the Caledonia Park Designer with 11 letting rooms.
What would you do with this pub to make it a success?
The area
The Hazeldene Hotel is located in the town of Gretna, close to Gretna Green. The pub is surrounded by shops, food and retails outlets and mixed housing. The area is a well-known wedding destination, and the shopping outlet brings in a lot of trade.
Demographics
The pub benefits from being one of 5 pubs found in a 20-minute walk with a customer base made up of . There is also the opportunity for the operator to build trade based on the many tourists passing through Gretna.
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 a 70/30 food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via 11 letting rooms, live entertainment, selection of pub games, such as pool, and darts and pub games machines. It offers a selection of popular beers, ciders, wines and spirits, a pub classic menu, and a popular carvery.
The function room has a separate bar to the main bar area.
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 pub will have extensive experience in a community led hospitality business. They will have a clear vision for their food & drinks menu, strong marketing plan through social media and an entertainment offer and can create a memorable experience for their 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
- Main trading area with bar
- Separate dining room
- 150 internal covers
- 20 external covers
- Medium sized kitchen
- Function room
- 11 letting rooms
- Decking area in the beer garden
- Car park with 15 spaces
Private Accommodation
Private accommodation consists of 2 bedrooms, a living room, kitchen and bathroom.
Estimated Total Ingoing Costs
£45,855
Estimated Minimum Ingoing Costs
£10,952
Annual Rent
£29,419
Estimated Annual Turnover
£478,636
Deposit
£7,355
Estimated Fixtures & Fittings Value
£30,000
Estimated Stock Valuation
£5,000
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:
Main Street, Springfield, Gretna Green, DG16 5EA
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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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