Old Oak Inn Rutherglen

157 Calderwood Road, Glasgow, G73 3SU

  • Old Oak Inn Rutherglen
  • Old Oak Inn Rutherglen
  • Old Oak Inn Rutherglen

Old Oak Inn Rutherglen

Recently refurbished to a high standard!

Located on the outskirts of Glasgow and within the town of Rutherglen the pub is situated within the community of Eastfield and is close to both Rutherglen and Cambuslang town centres, the pub is surrounded by significant housing.

The pub is in excellent condition following refurbishment in late 2018 and has a large car park to the rear of the property and small beer garden to the side. The pub has been developed to the highest of standards and will allow any operator to have a balanced offer focusing on a strong wet offer enhanced by a well-priced and high standard of food offer

We're looking for an operator with experience of running similar pub businesses who can really maximise the offer at this fantastic pub.

Available on our Business Start-Up Agreement, with the following support:
  • Manage your risk: 3 year fixed term agreement that you can terminate at any time on 28 days' notice;
  • Financial support :
  • Even higher discounts of Heineken UK Products
This financial support is for the first year, to help you along the way. All quoted figures are based on Star Pubs & Bars FMT rent model

Pub Features

  • Business Start-Up Agreement
  • Car Parking
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade

Trading Area & Facilities

The Old Oak is a community bar/restaurant that was refurbished to a very high standard in late 2018, the outlet has a well-established food offer with a fully equipped catering kitchen allowing for an extensive menu for up to 100 covers.

This great looking pub has a natural division allowing the food and wet offer to be partially separated, the bar area has large tv screens and top of the range music/audio equipment, perfect for live sports and events.
The pub also benefits from a large car park to the rear of the property as well as a small licensed beer garden.


The pub has been decorated and remodelled in cool, contemporary colours and finishes and is welcoming to families who want a nice place to eat together, couples and friends meeting for drinks and is a real community hub.

Externally this is a large car park and a licenced beer garden to complete the package.

Private Accommodation

No private accommodation.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 23:30 11:00 - 23:30 11:00 - 23:30 11:00 - 23:30 11:00 - 00:00 11:00 - 00:00 12:30 - 23:30

Financials

Annual Rent £
44,750
Estimated Annual FMOP (Licensee Profit) £
58,268
Representative HEINEKEN UK Brand Discount Per Barrel £
175
Estimated Annual Turnover £
572,073
Estimated Annual Barrelage
216

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
12,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,000
Deposit Amount £
3,000
Rent In Advance £
861
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
24,046
Estimated Minimum Ingoing Costs £
14,914

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
1,255
Estimated Annual Maintenance Compliance Charge £
1,565
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased