St Leonards Bar and Kitchen Edinburgh
81/85 St Leonards Street, Edinburgh, EH8 9QYAgreement Type:
Foundation Tenancy
View details for St Leonards Bar and Kitchen Edinburgh
Auld Hoose Edinburgh
Auld Hoose Edinburgh
23-25, St Leonards Street, Edinburgh, EH8 9QN Pub Code: 2302139101
Pub Code: 2302139101
Investment TenancyEst. Annual Turnover: £448,505
Annual Rent: £27,866
A refurbishment investment of around £110,000 is planned to modernise The Auld Hoose into a premium local pub with food, sport and entertainment at its heart. What would you do with this pub to make it a success?
The Area
The Auld Hoose is located on St Leonards Street, Edinburgh. It benefits from being in central Edinburgh, close to the Royal Commonwealth Pool, several university accommodation sites and within easy reach of the Pleasance. The pub is just 12 minutes’ walk from the Royal Mile and its many attractions. The area over-indexes in younger demographics with medium affluence, and within a 20-minute walk there are nearly 40,000 residents.
The Offer
The Auld Hoose is available on our investment tenancy agreement. Click here for more information on this agreement.
We’re investing in a full refurbishment inside and out, creating a warm and traditional look & feel while modernising the space. The pub will offer an extensive drinks range including premium lagers, craft beers & ales, alongside wines, spirits and soft drinks. Food will focus on crowd-pleasers and pub favourites, complemented by a coffee offer. Entertainment will include sport (Premier, TNT & terrestrial), quizzes and live music.
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 Auld Hoose will be experienced in running a pub with food in a competitive environment, with the ability to drive occasions and footfall.
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…
Trading Area & Facilities
The Auld Hoose will be undergoing a refurbishment which will cover the full interior and exterior of the pub.
The pub’s trading area and facilities post refurbishment will be:
- Main trading area with bar.
- 73 internal covers.
- Catering kitchen.
- HEINEKEN SmartDispense.
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Private Accommodation
There is no private accommodation at this pub.
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs
£36,266
Annual
Estimated Annual Turnover
£448,505
Annual Rent
£27,866
Entry Costs
Deposit
£6,966
Estimated Fixtures & Fittings Value
£20,800
Stock Valuation
£5,000
Working Capital Required
£3,500
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.
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.
Location:
23-25, St Leonards Street, Edinburgh, EH8 9QN
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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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