Wig Aberdeen
55-56 Castle Street, Aberdeen, AB11 5BAAgreement Type: Foundation Tenancy
View details for Wig Aberdeen
Old Kings Highway Aberdeen
61, The Green, Aberdeen, AB11 6NY
Pub Code: 2302890101
Key Features
- Foundation Tenancy
- Function room
- Live sports and entertainment
- Free of tie on wines and spirits
Est Min Ingoing Costs: £9,330
Annual Rent: £21,955
More Information
The location:
Reputedly the oldest pub in Aberdeen, The Old King’s Highway is located in the city centre of Aberdeen, situated on The Green, less than a 5 minute walk from the train station. The pub is surrounded by shops, bars and food outlets alongside other commercial and residential properties.
Customer Demographics:
The pub benefits from being situated just off Union Street, in an increasingly popular area of Aberdeen that will be benefiting from significant Council investment in the coming years. The existing customer base is primarily made up of local residents, with a great opportunity to attract young professionals, students & tourists.
The offer:
Available on our 3 year Foundation Tenancy, the potential of this pub lies in driving the 100% wet led offer through great service, a friendly atmosphere, and maximising midweek trade. What drinks would you look to implement in the pub?
The site currently has good live entertainment, live sports and a strong weekend following. 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?
Recruitment message:
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- Understanding of how to build a successful business
- Ability to engage with customers from behind the bar
- A great vision for the future of this pub
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
Trading area info:
Trading areas and facilities:
- Main trading area with bar
- Upstairs function room
Private Accommodation
The pub has no private accommodation.
| Annual Rent | £ 21,955 |
| Estimated Annual Turnover | £ 321,630 |
| Deposit | £ 5,489 |
| Estimated Fixtures & Fittings Value | £ 7,340 |
| Estimated Stock Valuation | £ 4,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 20,329 |
| Estimated Minimum Ingoing Costs | £ 9,330 |
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:
61, The Green, Aberdeen, AB11 6NY
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View details for Newburgh Inn NewburghTo 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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