Polton Inn Lasswade
Polton Road, Lasswade, EH18 1BSAgreement Type: Foundation Tenancy
View details for Polton Inn Lasswade
Waverley Hotel Bonnyrigg
68-70, Dundas Street, Bonnyrigg, EH19 3BB
Pub Code: 2302134101
Key Features
- Spacious Bar Area
- Large Beer Garden
- 8 Letting Bedrooms
- Drinks Lead Community Local
Est Min Ingoing Costs: £7,416
Annual Rent: £16,986
More Information
'We are happy to offer a short-term agreement with excellent commercial terms to get it up and running'
This is a fantastic opportunity to take over a community focused wet led pub on prominent main road location in Bonnyrigg. Close to Bonnyrigg Rose Football Club and within walking distance of the High Street/Bonnyrigg Town Centre. Surrounded by good quality housing and adjacent to a busy light industrial estate.
Demographics
Local population within 20 minute walk from the pub has grown by over 10% over a five year period fuelled by new housing development bringing new people to live in the local area.
The offer
Available on our 3 Year Foundation Agreement for more details click here Click here for more information on this agreement.
The pub currently has the facilities to drive Customer footfall by offering a good quality range/selection of drinks at competitive prices – draft beers, lagers and cider, premium spirits & soft drinks and a great range of wine by glass and bottle. Televised Sport (Football, Rugby, Racing), Pub Activities, such as a Quiz Night & Entertainment at weekends, are part of the mix
We’re always open to new ideas, what would you do to drive trade?
Knowledge/Understanding of the local area would be helpful in re-launching The Waverley’s offer and some experience of working in a community pub, or similar, would be advantageous. The successful applicant will have a clear vision for how to take the pub forward and will be able to engage with the local Bonnyrigg community.
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
- 30 internal covers
- 30 external covers
- Function room on first floor
- 8 letting rooms.
- Beer garden
- On street parking
Private Accommodation
This pub has no private accommodation.
| Annual Rent | £ 16,986 |
| Estimated Annual Turnover | £ 267,906 |
| Deposit | £ 4,247 |
| Estimated Fixtures & Fittings Value | £ 10,000 |
| Estimated Stock Valuation | £ 2,500 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 20,247 |
| Estimated Minimum Ingoing Costs | £ 7,416 |
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:
68-70, Dundas Street, Bonnyrigg, EH19 3BB
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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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