Heb & Star Bar Stornoway
13 South Beach, Stornoway, HS1 2BEAgreement Type: Investment Tenancy
View details for Heb & Star Bar Stornoway
Criterion Stornoway
32, Point Street, Stornoway, HS1 2XF
Pub Code: 2302970101
Key Features
- Two year FRI Agreement
- Free of Tie on Wines and Spirits
- Live sports and Entertainment
- Fantastic location
Est Min Ingoing Costs: £24,361
Annual Rent: £24,204
More Information
The location:
The Criterion is situated in the picturesque town of Stornoway, on the beautiful Isle of Lewis. The pub is only a five minute walk from the Stornoway harbour and Ferry terminal. Ideally situated for visitors arriving on the island. The pub is surrounded by shops, bars, food outlets and other commercial properties.
Demographics:
The pub benefits from being one of eight pubs found in an area of around 1,070 adults. The loyal customer base is built of tourists, and residents of Stornoway.
The offer:
Available on our two year Fully Repairing and Insuring lease, the potential of this pub lies in maintaining a strong 100% wet led offer. What drinks would you look to implement in the pub?
The site currently has the ability to drive trade through live sports and live music to attract its customers. The opportunity to introduce entertainment is available. It offers a selection of popular beers, ciders wines and spirits. We’re always open to new ideas, what would you do to drive trade?
Recruitment message:
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- Understanding of how to build a successful business
- Ability to engage with customers from behind the bar
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pubs next chapter…
Trading Area & Facilities
Trading areas and facilities:
- One main trading area
- Mahogany bar
- Capacity 84
Private Accommodation
The pub has no private accommodation.
| Annual Rent | £ 24,204 |
| Estimated Annual Turnover | £ 251,046 |
| Deposit | £ 6,051 |
| Estimated Fixtures & Fittings Value | £ 4,810 |
| Estimated Stock Valuation | £ 10,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 24,361 |
| Estimated Minimum Ingoing Costs | £ 24,361 |
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:
32, Point Street, Stornoway, HS1 2XF
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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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