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Earl Of Marchmont Edinburgh
22, Marchmont Crescent, Edinburgh, EH9 1HG
Pub Code: 2302328101
Key Features
- Great Location
- Pavement Licence
- Free of tie on wine & spirits
- Cask Ales
Est Min Ingoing Costs: £9,122
Annual Rent: £26,632
More Information
Amazing Location!
The Earl of Marchmont is a traditional Edinburgh tenement pub right in the heart of the highly desirable Marchmont area. The pub is on an impressive corner plot, surrounded by residential properties. The area is close to the Meadows, Bruntsfield and Morningside and is popular with students from the nearby Edinburgh Uni. The Meadows hosts many events and is stowed out at Festival time.The Earl of Marchmont is a great community pub with a pavement licence and would benefit from having an imaginative operator who can fill the pub at all times with events and a strong social media presence.
Trading Area & Facilities
The Earl of Marchmont is a one room pub with the bar being the focal point to one side of the pub. The interior has some original Victorian features but is also modern and well maintained.
Externally, the pub has large windows that not only flood the pub with light but are also great for enticing in passing trade. There is a pavement licence which is great for outdoor trade and coffees during the day.
Externally, the pub has large windows that not only flood the pub with light but are also great for enticing in passing trade. There is a pavement licence which is great for outdoor trade and coffees during the day.
Private Accommodation
There is no private accommodation at this pub.
Premises Licence Details
Please see premises licence for full details.
Premises Licence Opening Hours
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
|---|---|---|---|---|---|---|
|
11:00 - 01:00 |
11:00 - 01:00 |
11:00 - 01:00 |
11:00 - 01:00 |
11:00 - 01:00 |
11:00 - 01:00 |
12:30 - 01:00 |
| Annual Rent | £ 26,632 |
| Estimated Tenants Annual Operating Profit | £ 26,631 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 175 |
| Estimated Annual Turnover | £ 261,750 |
| Estimated Annual Barrelage | 135 |
* 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
** All figures quoted are exclusive of VAT
| Ingoing Costs | |
|---|---|
| Estimated Licensee Fixtures and Fittings Value | £ 5,000 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 4,000 |
| Deposit Amount | £ 668 |
| Rent in Advance | £ 512 |
| 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 | £ 17,780 |
| Estimated Minimum Ingoing Costs | £ 9,122 |
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.
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 | £ 1,112 |
| 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
* 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
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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