Earl Of Marchmont Edinburgh
22 Marchmont Crescent, Edinburgh, EH9 1HGAgreement Type: Foundation Tenancy
View details for Earl Of Marchmont Edinburgh
Caley Sample Room Edinburgh
58, Angle Park Terrace, Edinburgh, EH11 2JR
Pub Code: 2302347101
Key Features
- Large Trading Space
- Wide selection of Cask Ales
- Catering Kitchen
- Live Sports
- Live Entertainment
Est Min Ingoing Costs: £16,668
Annual Rent: £38,027
More Information
Available on our 3 Year foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in re-building the links with the local community, introducing a strong food offer & driving trade throughout the full week.
The site currently has the ability to drive trade via sports fans going to watch Hearts Football or coming in to watch Scotland Rugby, with the local community by offering cask ales, quiz nights & live entertainment, and diners with a strong pub food menu, all alongside a broad selection of popular beers, ciders, wines and spirits.
We are always open to new ideas, what would you do to drive trade?
If you have benefited from running or owning a pub business, we would love to hear what experience you can bring.
The right operator for the pub will have experience in a similar hospitality business. They will have a clear vision for their food & drinks menu, sports offer and marketing strategy and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you have been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Trading Area & Facilities
- Main trading area with bar
- Forty-five internal covers
- Medium Sized kitchen
- Large Cellar & Storage Space
Private Accommodation
The pub has no private accommodation
| Annual Rent | £ 38,027 |
| Estimated Annual Turnover | £ 625,855 |
| Deposit | £ 9,506 |
| Estimated Fixtures & Fittings Value | £ 20,000 |
| Estimated Stock Valuation | £ 10,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 43,006 |
| Estimated Minimum Ingoing Costs | £ 16,668 |
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:
58, Angle Park Terrace, Edinburgh, EH11 2JR
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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