Clovenfords By Gala

1 Vine Street, By Gala TD1 3LU

  • Clovenfords By Gala
  • Clovenfords By Gala
  • Clovenfords By Gala
  • Clovenfords By Gala
  • Clovenfords By Gala
  • Clovenfords By Gala
  • Clovenfords By Gala
  • Clovenfords By Gala
  • Clovenfords By Gala

Clovenfords By Gala

Multiple Income Stream Business!

Standing prominently on the main A72 trunk road in the midst of the scenic Scottish Borders, this Village Inn comprises a comfortable Lounge Bar with separate, but adjacent Pub Games area with pool table and televised sport. There is a large conservatory/restaurant area with 60 covers to the rear and the pub has 8 good quality letting bedrooms.
The Inn attracts visitors to the area throughout the year. Walkers, Cyclists, Fishermen and Staycation tourists visiting the Scottish Borders are drawn by the excellent fresh food offer using local Borders produce, a wide range of drinks, including cask beer, and the varied live entertainment and activity programme.

Local customers living in and around Galashiels use the pub as a meeting place to eat, drink and socialise with friends, or business associates. In addition, the conservatory offers facilities for private parties and celebrations. There is a Farmers Market held on the pub's forecourt on a quarterly basis.

This interesting business opportunity would suit a professional operator keen to drive sales through the three quality income streams; Food, Drink and Rooms. Willingness to proactively get involved in the local community and to link the Inn's facilities and activities to the unique opportunities offered by the local area is important.

Pub Features

  • Rolling Tenancy
  • Letting Rooms
  • Car Parking
  • Catering Kitchen
  • Outdoor Trade
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The pub stands in its own grounds just off the main road and has a well finished and maintained pub restaurant on the ground floor. The attractive conservatory boosts the appeal and number of covers inside. The catering kitchen supports the food offer and pub and conservatory can be adapted to provide 'private function' space.

On the first floor there are 8 good quality letting rooms, these are a mixture of double and family rooms and all are en suite.

To the side of the pub, there is a car park with circa 15 spaces and at the front a large outside alfresco eating & drinking area looking out on the Village and the countryside beyond.

Private Accommodation

No Private Accommodation

Premises Licence 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 12:00 - 00:00

Financials

Annual Rent £
35,250
Estimated Annual FMOP (Licensee Profit) £
39,189
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
375,814
Estimated Annual Barrelage
130

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 £
16,500
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
2,000
Deposit Amount £
8,813
Rent In Advance £
678
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 £
30,176
Estimated Minimum Ingoing Costs £
10,123

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 £
3,348
Estimated Annual Maintenance Compliance Charge £
1,463
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
Wet & Dry - from 6,108pa

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