Fork & Field Livingston
36 Bank Street, Mid Calder, Livingston, EH53 0ARAgreement Type:
Foundation Tenancy
View details for Fork & Field Livingston
Newliston Arms Kirkliston
Newliston Arms Kirkliston
78/82, Main Street, Kirkliston, EH29 9AB Pub Code: 0080372101
Pub Code: 0080372101
Foundation TenancyEst Min Ingoing Costs: £47,638
Annual Rent: £46,551
The offer
The location is ideal, with plenty of foot traffic and only a couple of competitors in the area. Plus, the pub’s large function space and beer garden open up opportunities for hosting everything from casual Sunday lunches to live music and community events. If you’re looking for a project with strong local support and a chance to grow a successful business, this could be the right fit. The Newliston is available on our foundation tenancy agreement.
We’re investing in a partial refurbishment of this pub in Kirkliston, just 10 miles west of Edinburgh. The plans include a fresh new look for both the inside and outside, with a revamped function room, a welcoming beer garden, and a complete exterior redecoration to boost its curb appeal. Our aim is to create a relaxed yet modern space with 180 covers, including 60 external, there’s plenty of room to offer a premium drinks selection and a menu packed with crowd-pleasers. Elevate Your Investment: Witness the Transformation This is a prime opportunity for an experienced licensee to take the reins of a well-positioned local pub with strong potential.
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 Newliston Arms will have extensive experience in destination food outlet hospitality businesses. They will have a clear vision for their 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 Newliston Arms 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
• Separate dining room
• 60 internal covers
• 30 external covers
• Catering kitchen
• Function room
• SmartDispense
• Refurbished beer garden
• Car park
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
There is no private accommodation with this pub.
Estimated Total Ingoing Costs
£47,638
Estimated Minimum Ingoing Costs
£47,638
Annual Rent
£46,551
Estimated Annual Turnover
£668,568
Deposit
£11,638
Estimated Fixtures & Fittings Value
£2,500
Estimated Stock Valuation
£7,500
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:
78/82, Main Street, Kirkliston, EH29 9AB
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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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