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Crosstown Edinburgh

85-87, Fountainbridge, Edinburgh, EH3 9PU

Pub Code: 0080444101

Key Features

  • City Centre Location
  • Outside Trading Area
  • Food Opportunity
  • Free of tie on Spirits & Wine

Est Min Ingoing Costs: £10,005

Annual Rent: £20,551

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More Information

City Centre, Edinburgh Location!

The Crosstown is situated in Fountainbridge and is two minutes’ walk from Lothian Road, Edinburgh City Centre, one of the busiest roads through town.

Sat on a corner plot, The Crosstown has great kerb appeal and is fronted by large windows, it’s the perfect place to sit and watch the world go by with a cold pint or a fresh coffee.

The pub is surrounded by student and residential accommodation, local businesses and offices. Lunchtime and after work trade is essential to the success of The Crosstown.

Currently the pub has a decent reputation for food. In the early evening the offer is more drinks led with a vibrant crowd visiting for the entertainment. There is a small enclosed external drinking area.

There is a small kitchen prep area and with an abundance of food operators within the local vicinity the challenge would be to offer a quirky back bar food operation that would be fresh, appealing and easy to deliver to the customer base who are looking for a quick lunch.

This is an ideal pub for someone who wishes to make the leap into operating a small pub and requires someone with vision and flair to maximize the current offer.

  • Business Start Up Agreement

  • Catering Kitchen

  • Outdoor Trade

Trading Area & Facilities

The Crosstown is deceptive as it looks small from outside but is actually quite large inside.

Although basically a one room operation with an extensive range of premium drinks and cask ales, the space can be zoned for events and is popular on the folk music scene. The pub is attractively decorated and well maintained.

There is a small kitchen area that currently supports the popular back bar food menu.

There is a small enclosed external drinking area.

Private Accommodation

No Private Accommodation

Premises Licence Details

Please see premises licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
09:00 -
01:00
09:00 -
01:00
09:00 -
01:00
09:00 -
01:00
09:00 -
01:00
09:00 -
01:00
12:30 -
01:00

Annual Rent £
20,551
Estimated Tenants Annual Operating Profit £
21,550
Representative HEINEKEN UK Brand Discount Per Barrel £
175
Estimated Annual Turnover £
284,897
Estimated Annual Barrelage
99
* 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

Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £
12,000
Estimated Fixtures and Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
3,000
Rent in Advance £
395
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 £
22,005
Estimated Minimum Ingoing Costs £
10,005
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.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £
1,116
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

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