Star Pubs Leased & Tenancy
Location
Edinburgh | United Kingdom
Job description
Pub Overview
Great Location - Located on Edinburgh's busy Bonnington Road, the pub benefits from high footfall from the surrounding residential areas.
Just a stone's throw from bustling Leith and a mix of local amenities, this pub is in a prime position to become a focal point for the large and varied local community.
The Bonnington is well maintained and decoarted in a traditional but contemporay style and has two rooms sutibale for drinking and dining. As the pub is on a corner, if had windows all the way around and is flooded with light and has great views out the front windows.
Features - Foundation Tenancy
- Catering Kitchen
Trading Area & Facilities Internally the Bonnington has two rooms, the main room is centeed around the galley style bar and has a mix of fixed and loose seating.
Down a few steps is the other bar area that is used mainly for dining but is adaptable. The pub has a full kitchen to the support the food offer and is nicley decorated and well maintained.
Externally the pub is on the ground floor of a traditional Edinburgh tenement block and is on the corner of two streets.
If you've benefited from running or owning a pub business, we'd love to hear what experience you can bring.
The right operator for the Bonnington will have extensive experience in hospitality businesses. They will have a clear vision for their food & drinks menu, marketing strategy and can create a memorable experience for their 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…
Private Accommodation There is no private accommodation.
Pub Financials Annual Rent £
30,377
Estimated Annual Turnover £
424,407
Deposit £
7,594
Estimated Fixtures & Fittings Value £
15,490
Estimated Stock Valuation £
5,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
31,584
Estimated Minimum Ingoing Costs £
11,031
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.
Job tags
Salary
