Coach & Horses Dalkeith
166-168 High Street, Dalkeith, EH22 1AYAgreement Type:
Foundation Tenancy
View details for Coach & Horses Dalkeith
Spateston Inn Johnstone
Spateston Inn Johnstone
Hallhill Road, Johnstone, PA5 0SA Pub Code: 2302319101
Pub Code: 2302319101
Foundation TenancyEst Min Ingoing Costs: £15,772
Annual Rent: £27,261
Great opportunity to drive a modern pub using the extensive kitchen, great beer garden and large bar area with a separate dining area.
What would you do with this pub to make it a success?
The Area:
The Spateston Inn is located in the town of Johnstone, close to community area, surrounded by residential housing.
Demographics:
The pub benefits from being one of 2 pubs found in an area of around 3,000 adults. The majority of the customer base is made up of local residents.
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 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 live entertainment, live sports and selection of pub games, such as pool, and darts. It offers a selection of popular beers, ciders, wines and spirits, a pub classic menu, and coffees.
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…
Trading Area & Facilities
- Main trading area with bar
- Separate dining area
- 100 internal covers
- 40 external covers
- Large catering kitchen
- Function area
- HEINEKEN SmartDispense
- Beer garden
- Car park with 50 spaces
- Pool table & darts board
Private Accommodation
The pub has no private accommodation.
Estimated Total Ingoing Costs
£45,315
Estimated Minimum Ingoing Costs
£15,772
Annual Rent
£27,261
Estimated Annual Turnover
£439,830
Deposit
£6,815
Estimated Fixtures & Fittings Value
£25,000
Estimated Stock Valuation
£10,000
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:
Hallhill Road, Johnstone, PA5 0SA
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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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