Tavern Prestwick
3/5 The Cross, Prestwick, KA9 1AJAgreement Type: Foundation Tenancy
View details for Tavern PrestwickRefurbishment Planned
Howard Arms Kilmarnock
5/7, Glencairn Sq, Kilmarnock, KA1 4AQ
Pub Code: 0080502101
Key Features
- 3 Year Foundation Tenancy
- Refurbishment planned
- Community Led Drinks and Food Venue
- Catering Kitchen
- Live music entertainment
- Quiz nights
Est Min Ingoing Costs: £58,718
Annual Rent: £32,874
More Information
Refurbishment planned to create a warm, inviting ambience. Howard Arms will be renamed to The Tramway.
The area
Located in bustling Kilmarnock near Glencairn retail park and a short walk from Kilmarnock FC’s stadium, this pub enjoys a prime location in a vibrant community. With over 2,000 residents within a 10- minute walk and more than 11,500 within a 20-minute radius, the potential customer base is substantial. Despite competition from nearby restaurants and entertainment spots, this revamped pub targets a diverse audience, from locals seeking a cosy spot for sports and live entertainment to groups of friends enjoying a night out and football enthusiasts.
The offer
When refurbished, The Tramway will offer:
Drinks:
• An extensive drinks selection featuring premium lagers, craft beers, ales, soft drinks, wines, and spirits, ensuring there's something for everyone to enjoy.
Food:
• Delight in a crowd-pleasing menu designed to complement the diverse drinks range, offering satisfying options for every taste.
Coffee:
• Enjoy freshly brewed coffee to perfection, adding a refreshing touch to each visit.
Events:
• Experience a regular schedule of engaging events, including quizzes and live entertainment with local music acts, creating a lively and enjoyable atmosphere for all guests
The Tramway is available on our 3 Year Foundation 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 Tramway will have extensive experience in community led 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.
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 Tramway will be undergoing a refurbishment which will cover the interior and the 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
- Separate dining room
- 84 internal covers
- Catering kitchen
Private Accommodation
There is no private accommodation.
| Annual Rent | £ 32,874 |
| Estimated Annual Turnover | £ 485,289 |
| Deposit | £ 8,218 |
| Estimated Fixtures & Fittings Value | £ 32,000 |
| Estimated Stock Valuation | £ 15,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 58,718 |
| Estimated Minimum Ingoing Costs | £ 58,718 |
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:
5/7, Glencairn Sq, Kilmarnock, KA1 4AQ
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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