Drum Bar Glasgow

1079 Shettleston Road, Glasgow, Glasgow G32 7PE

  • Drum Bar Glasgow
  • Drum Bar Glasgow
  • Drum Bar Glasgow
  • Drum Bar Glasgow
  • Drum Bar Glasgow

Drum Bar Glasgow

Great Location - Located in the Shettleston area in the East End of Glasgow, The Drum is in a great location, only 2.5 miles from the city centre. It occupies an area of high footfall, surrounded by a mix of residential housing, small businesses and shops. Already a community pub, the refurbishment will allow the new lessee to expand the customer base to couples and families.

Great Potential - Currently, The Drum operates as a wet bar only. The incoming lessee will be able to capitalise on the investment planned to appeal to a wider range of customers. A fantastic drinks range will be matched by a food menu offering delicious pub grub which will appeal to all. This will be amplified by the traditional yet trendy interior, ensuring The Drum stands out from its competitors.

Energetic Community Operator Wanted!

This is a pub with incredible potential, all we're missing is the right person to take it forward. So, could that be you?

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Catering Kitchen
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Extensive Refurbishment Planned - An exciting refurbishment will transform The Drum into an attractive community pub with a modern finish. An updated interior, improved trading area and upgraded kitchen will make The Drum an exceptional community pub offering a fantastic space where customers can enjoy great food and drinks.

Post-refurbishment, The Drum will be an attractive pub with a modern finish where customers will love spending their time.
The planned transformation will include the exterior and signage.

Private Accommodation

There is no private accommodation at this site.

Premises Licence Details

Please refer to the Premises Licence for further 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 - 00:00 11:00 - 00:00 12:30 - 12:00

Financials

Annual Rent £
28,500
Estimated Annual FMOP (Licensee Profit) £
34,150
Representative HEINEKEN UK Brand Discount Per Barrel £
175
Estimated Annual Turnover £
373,496
Estimated Annual Barrelage
219

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 £
2,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
2,000
Deposit Amount £
7,125
Rent In Advance £
548
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 £
13,858
Estimated Minimum Ingoing Costs £
9,560

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 £
1,289
Estimated Annual Maintenance Compliance Charge £
1,463
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

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