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Abbey Inn Kinloss
Findhorn Road, Kinloss, IV36 3TY
Pub Code: 0080818101
Key Features
- Fantastic Highland Location
- Food Opportunity
- Car Park
- Outside Trading Area
Est Min Ingoing Costs: £18,474
Annual Rent: £20,101
More Information
Fantastic Location!
Situated in the picturesque Highland Village of Kinloss, The Abbey Inn building dates back hundreds of years and was refurbished to a high standard recently. Externally it is a traditional country pub whilst internally, the pub has a cosy but contemporary Scottish feel and can cater for 70 cover. Frequented by many locals who visit for the fantastic food and relaxed setting.
The ideal operator will be hands on and have food experience. You will build upon The Abbey Inn’s reputation for good food and extend this to attract visitors and families from further afield, turning this busy local pub into a destination food venue.
Available on our Business Start-Up Agreement, with the following support:
Situated in the picturesque Highland Village of Kinloss, The Abbey Inn building dates back hundreds of years and was refurbished to a high standard recently. Externally it is a traditional country pub whilst internally, the pub has a cosy but contemporary Scottish feel and can cater for 70 cover. Frequented by many locals who visit for the fantastic food and relaxed setting.
The ideal operator will be hands on and have food experience. You will build upon The Abbey Inn’s reputation for good food and extend this to attract visitors and families from further afield, turning this busy local pub into a destination food venue.
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;
Trading Area & Facilities
The Abbey Inn has an historic stone exterior, nestled in a beautiful location. Once inside there is a welcoming lounge style bar area that includes contemporary booth seating in the windows.
There is also a slightly more formal dining area and great catering kitchen. The magnificent stone fireplace echoes the buildings heritage and adds a cosy touch.
A Car Park and outside trading area are attached to the pub.
There is also a slightly more formal dining area and great catering kitchen. The magnificent stone fireplace echoes the buildings heritage and adds a cosy touch.
A Car Park and outside trading area are attached to the pub.
Private Accommodation
The private accommodation is nicely appointed and has two bedrooms and a large living area and kitchen.
In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.
In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.
Premises Licence Details
Premises Licence Opening Hours
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
|---|---|---|---|---|---|---|
|
11:00 - 00:30 |
11:00 - 00:30 |
11:00 - 00:30 |
11:00 - 00:30 |
11:00 - 01:30 |
11:00 - 01:30 |
12:30 - 00:30 |
| Annual Rent | £ 20,101 |
| Estimated Tenants Annual Operating Profit | £ 22,099 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 150 |
| Estimated Annual Turnover | £ 328,647 |
| Estimated Annual Barrelage | 116 |
* 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
** All figures quoted are exclusive of VAT
| Ingoing Costs | |
|---|---|
| Estimated Licensee Fixtures and Fittings Value | £ 5,210 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 6,000 |
| Deposit Amount | £ 5,250 |
| Rent in Advance | £ 387 |
| Training Fee | £ 425 |
| Estimated Designated Premises Supervisor / Manager Fee | £ 50 |
| Premises Licence Fee | £ 180 |
| Rates Assessment Fee | £ 55 |
| Estimated Legal Fees | £ 650 |
| Estimated Total Ingoing Costs | £ 18,474 |
| Estimated Minimum Ingoing Costs | £ 18,474 |
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
| Other SP&B Ongoing Charges | |
|---|---|
| Estimated Annual Building Insurance | £ 1,152 |
| Estimated Annual Maintenance Compliance Charge | £ 1,862 |
| Estimated Annual Accountancy & Stocktaking Charge (including tills) |
£
6108
|
| Estimated Annual Repairs Fund | £ 1300 |
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
** 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
* 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
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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