Afton Bar Paisley

70 Causeyside Street, Paisley, Paisley PA1 1YP

  • Afton Bar Paisley
  • Afton Bar Paisley
  • Afton Bar Paisley
  • Afton Bar Paisley
  • Afton Bar Paisley

Afton Bar Paisley

Lively Local Pub Located on a main road in Paisley.

The Afton Bar is a friendly pub which sits beside local shops and amenities, ensuring passing trade, while residents surrounding the site present an excellent opportunity to create a loyal customer base. Currently entertainment and drinks focused, there is an opportunity to introduce local, quality craft beers and cask ales which Star Pubs & Bars can assist with. The introduction of a tasty, yet simple back bar food menu would enhance revenue. A timetable of weekly events including supporting local charities, quiz nights, live music and televised sport should be maintained.

Innovative Operator Wanted

Do you have excellent vision and business management skills? If so, this could be the pub for you. You will also be able to immerse yourself in the local community and create a great environment for your customers to socialise in.

Available on our Business Start-Up Agreement with a Support Package:
  • Manage your risk; 3 year fixed term agreement that you can terminate at any time on three months' notice;
  • Reward for high standards: financial incentives for achieving high retail standards up to £3,000
  • Financial support: Even higher discounts on beer and cider available if volume targets are met [90% of targeted sale]
  • Increased Machine income share to 75% share
  • £1900 contribution towards Innside Track Stocktaking and Accountancy service
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
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, the Afton Bar has a spacious open plan layout, divided into a space for live entertainment, drinks and boothed seating.

Outside, the pub has good kerb appeal thanks to attractive signage and it's corner aspect.

Private Accommodation

There is no private accommodation at this site.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 01:00 11:00 - 01:00 12:30 - 00:00

Financials

Annual Rent £
10,750
Estimated Annual FMOP (Licensee Profit) £
21,033
Representative HEINEKEN UK Brand Discount Per Barrel £
165
Estimated Annual Turnover £
169,872
Estimated Annual Barrelage
119

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).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
750
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,500
Deposit Amount £
3,000
Rent In Advance £
207
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 £
10,642
Estimated Minimum Ingoing Costs £
10,581

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 £
TBC
Estimated Annual Maintenance Compliance Charge £
1,463
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

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