Argyll Hotel Lochgilphead

69 Lochnell Street, Lochgilphead PA31 8JN

  • Argyll Hotel Lochgilphead
  • Argyll Hotel Lochgilphead
  • Argyll Hotel Lochgilphead
  • Argyll Hotel Lochgilphead
  • Argyll Hotel Lochgilphead
  • Argyll Hotel Lochgilphead
  • Argyll Hotel Lochgilphead

Argyll Hotel Lochgilphead

The Argyll Hotel is situated on the main road in Lochgilphead, a tourist attraction in itself.

This multifaceted hotel caters for a wide range of clientele. Its great visibility means it's an obvious mealtime choice for business travellers passing through town and tourists visiting the area whilst boosting the pub's online presence could unlock substantial profits.

With a fresh outlook and some restyling, the Argyll Hotel, with its letting rooms could easily become the go-to venue for tourists and locals- get the balance right and this well-appointed pub could really deliver on food, events and accommodation.

Pub Features

  • Rolling Tenancy
  • Letting Rooms
  • Catering Kitchen
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The Argyll Hotel has 14 letting rooms along with a bar and restaurant facilities on the ground floor. The pub trading area is open plan and includes a pool table and dining areas. There is a catering kitchen on site to accommodate the bed & breakfast trade and bar meals.

The Hotel is in good order but would benefit from a refresh.

Externally the hotel is a traditional stone building and has great kerb appeal due to being on the main road, there is some scope to introduce an outside trading area.

Private Accommodation

There is no private accommodation at the Argyll Hotel.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 01:00 11:00 - 01:00 11:00 - 01:00 11:00 - 01:00 11:00 - 01:00 11:00 - 02:00 11:00 - 01:00

Financials

Annual Rent £
TBC
Estimated Annual FMOP (Licensee Profit) £
TBC
Representative HEINEKEN UK Brand Discount Per Barrel £
TBC
Estimated Annual Turnover £
TBC
Estimated Annual Barrelage
TBC

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 £
TBC
Estimated Fixtures & Fittings Valuation Fee £
TBC
Estimated Stock Valuation £
TBC
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
TBC
Premises Licence Fee £
TBC
Rates Assessment Fee £
TBC
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
TBC

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