Wee Howff Paisley
53 High Street, Paisley, PA1 2ANAgreement Type:
Foundation Tenancy
View details for Wee Howff Paisley
Eala Bhan Glasgow
Eala Bhan Glasgow
1534, Pollokshaws Road, Glasgow, G43 1RF Pub Code: 2300623101
Pub Code: 2300623101
Investment TenancyEst. Annual Turnover: £706,653
Annual Rent: £42,982
An investment of around £297,000 is planned to relaunch the former Eala Bhan as the White Swan, creating a premium South Side local for food, drink, socialising and private occasions.
What would you do with this pub to make it a success?
About the area
The White Swan is located in Glasgow's South Side, just a three-minute walk from Shawlands railway station. The area attracts local residents and visitors travelling to Pollok Park, the Burrell Collection and events at Hampden Stadium.
Around 19,892 adults live within a 20-minute walk of the pub, including 1,034 within 10 minutes. There are five competitors in the immediate area, with a wider and vibrant hospitality scene along Pollokshaws Road. The relaunch will establish a distinctive destination for families, casual diners, younger professionals, after-work customers, community groups and visitors from across the South Side.
The offer
White Swan, Glasgow is available on our investment tenancy agreement. Click here for more information on this agreement. Please refer to the 'Refurbishment Details' section for details of the investment being made.
Who we're looking for
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring. The right operator for the White Swan will have extensive experience in premium food-led hospitality businesses and venues that cater for group bookings and community occasions. They will have a clear vision for a strong food and drinks menu, all-day trade, private events, community activity and a marketing strategy that creates a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Trading Area & Facilities
The refurbishment of the White Swan will cover both the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the Downloads section.
The pub's trading area and facilities post refurbishment will be:
- Main trading area with bar
- Snug area
- Function room
- 90 internal covers
- 30 external covers
- Catering kitchen
- HEINEKEN SmartDispense system
- Small patio
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Private Accommodation
The pub has no private accommodation.
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs
£60,746
Annual
Estimated Annual Turnover
£706,653
Annual Rent
£42,982
Entry Costs
Deposit
£10,746
Estimated Fixtures & Fittings Value
£25,000
Stock Valuation
£10,000
Working Capital Required
£15,000
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.
What we're planning & why
Refurbishment details
This major internal and external refurbishment, supported by an investment of around £297,000, will relaunch the pub as the White Swan and create a premium destination with something for a wide range of customers and occasions.
The project includes a full external redecoration and signage scheme, a complete refresh of the bar and trading areas, clearer food and drinks zones and a flexible private space for functions and group bookings.
What's happening?
The exterior will be fully redecorated and renamed the White Swan, creating strong kerb appeal and clearly signalling a new chapter for the pub. The refreshed frontage and patio will make better use of the 30 external covers and encourage more passing customers and visitors to stop.
Inside, the bar and trading areas will be fully refreshed with a traditional but modern look and feel. Defined spaces will support both food-led and drinks-led occasions, while the rear area will be developed as a small function space for private events, group bookings and community activity.
The operator will be expected to re-establish the pub's previous reputation for premium food and build an all-day offer for local customers. The size and flexibility of the venue also creates scope for interest groups, running clubs and a varied events programme.
Why invest?
The investment will create one of the most attractive pubs in the immediate area and give customers across Glasgow's South Side a compelling new destination. A stronger food reputation, improved customer experience, private bookings and all-day occasions are anticipated to increase weekly turnover from around £5,000 to approximately £13,000.
To explore some of our recent successful pub investment projects, please see our Investment Showcase page.
The Vintage, Prestwick has recently undergone a similar transformation to what we are planning for White Swan, Glasgow. To see the result, visit The Vintage, Prestwick.
Personal Recommendation
"We are excited about this scheme. Bringing a premium local to this part of Glasgow is a great opportunity to revamp the pub and re-establish its reputation in the area.”"
— Kirsty Welsh, Investment Manager
Location:
1534, Pollokshaws Road, Glasgow, G43 1RF
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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