Callendar Arms Falkirk
1 Callendar Road, Falkirk, FK1 1XSAgreement Type:
Foundation Tenancy
View details for Callendar Arms Falkirk
Wellington Bar Falkirk
Wellington Bar Falkirk
6, Manor Street, Falkirk, FK1 1NH Pub Code: 2302931101
Pub Code: 2302931101
Business Start Up AgreementEst Min Ingoing Costs: £11,042
Annual Rent: £30,508
The area
The Wellington Bar is located in the town of Falkirk, close to the town centre. The pub is surrounded by shops, food and retails outlets and mixed housing.
Demographics
The pub benefits from being one of 20 pubs found in an area of around 3,233 adults. The Wellingtoin Bar customer base is made up of mid-life and mature adults.
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 well thought through drinks offer. What drinks would you look to implement in the pub?
The site currently has the ability to drive trade via running a vast offer of live entertainment, live sports and selection of pubs games, such as pool. It offers a selection of popular beers, ciders, wines and spirits, coffees, and cask ales.
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
- Open plan area with island bar
- 70 internal covers
- Smart Dispense
Private Accommodation
The pub has no private accommodation
Estimated Total Ingoing Costs
£24,127
Estimated Minimum Ingoing Costs
£11,042
Annual Rent
£30,508
Estimated Annual Turnover
£356,799
Deposit
£7,627
Estimated Fixtures & Fittings Value
£8,000
Estimated Stock Valuation
£5,000
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:
6, Manor Street, Falkirk, FK1 1NH
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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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