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Auld Hoose Edinburgh
23-25, St Leonards Street, Edinburgh, EH8 9QN
Pub Code: 2302139101
Key Features
- Well established business
- Kitchen
- Good craft range
- Free of tie on wines & spirits
Est Min Ingoing Costs: £10,221
Annual Rent: £31,767
More Information
The Auld Hoose is situated in St Leonards, Newington, a thriving part of Edinburgh city centre. This is a densely populated area popular with students and the pub has a good food reputation, especially it's famous nachos.
The pub is well established and well maintained. The current food and drink offer does well and should be retained and built on. The menu features many vegetarian and vegan options and the cask range is extensive.
The pub is quirky and welcoming with well supported quiz nights and getting the atmosphere right is key.
Do you know this part of town well? Newington is like a village within a city and has its own feel that needs to be catered for. The area can be quite seasonal so a USP and fantastic social media output are essential.
Trading Area & Facilities
The Auld Hoose is a large, one room pub in a traditional Edinburgh tenement block. The pub has great visibility from the street and is well maintained inside and out. Inside, the bar is L shaped and the kitchen is situated at the back of the pub. The pub has high ceilings and large windows and is decorated in a traditional but contemporary style.
Private Accommodation
There is no private accommodation at this pub.
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 - 01:00 |
11:00 - 01:00 |
| Annual Rent | £ 31,767 |
| Estimated Tenants Annual Operating Profit | £ 32,766 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 150 |
| Estimated Annual Turnover | £ 469,159 |
| Estimated Annual Barrelage | 174 |
* 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 | £ 4,100 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 5,000 |
| Deposit Amount | £ 7,942 |
| Rent in Advance | £ 611 |
| 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 | £ 19,263 |
| Estimated Minimum Ingoing Costs | £ 10,221 |
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 | £ 1,177 |
| 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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