Argyll Bar Helensburgh
67 East Clyde Street, Helensburgh, G84 7PFAgreement Type:
Foundation Tenancy
View details for Argyll Bar Helensburgh
Waverley Bar Bridgend
Waverley Bar Bridgend
30, West Bridgend, Dumbarton, G82 4AB Pub Code: 2302927101
Pub Code: 2302927101
Investment TenancyEst Min Ingoing Costs: £30,232
Annual Rent: £22,926
Full refurbishment planned to this classic wet led pub!
What would you do with this pub to make it a success?
The area
Located just a short walk from the town centre and Dalreoch train station, this pub is surrounded by a growing residential area with over 5,000 potential customers nearby.
The offer
The Waverley Bar Bridgend is available on our investment tenancy agreement. Click here for more information on this agreement.
Inside, we’re upgrading everything—from a new bar and updated seating to refreshed décor and modernized restrooms. Outside, the pub will get a full makeover, and with outdoor seating it is perfect for sunny afternoons or evening gatherings.
The pub will offer an extensive range of drinks, including premium lagers, ciders, spirits, wines, some cocktails along with a great range of soft drinks and low & no options. This variety caters to everyone, from regulars enjoying beers to visitors seeking a more premium experience, ensuring the pub appeals to a broad audience.
The pub will also offer live sports, quizzes, and local live music acts.
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
The Waverley Bar Bridgend 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
- 58 internal covers
- 60 external covers
- SmartDispense
- Darts throw
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, 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
The pub has no private accommodation.
Estimated Total Ingoing Costs
£30,232
Estimated Minimum Ingoing Costs
£30,232
Annual Rent
£22,926
Estimated Annual Turnover
£261,700
Deposit
£5,732
Estimated Fixtures & Fittings Value
£18,000
Estimated Stock Valuation
£3,000
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:
30, West Bridgend, Dumbarton, G82 4AB
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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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