Park Bar Glasgow
442 Paisley Road West, Glasgow, G51 1BEAgreement Type:
Foundation Tenancy
View details for Park Bar Glasgow
Empire Bar Burnbank
Empire Bar Burnbank
289, Glasgow Road, Hamilton, ML3 0QG Pub Code: 2302780101
Pub Code: 2302780101
Investment TenancyEst. Annual Turnover: £297,937
Annual Rent: £18,338
Pub Overview
A refurbishment investment of around £150,182 is planned to transform the Empire Bar into a refreshed and welcoming community pub. What would you do with this pub to make it a success?
About the area
The Empire Bar is located in Burnbank, Hamilton, an area with strong historical roots as a former 19th-century mining village. Situated on a residential estate, the pub is well placed to serve the surrounding local community and has the potential to become a popular social hub for local residents.
There are 665 adults within a 10-minute walk and 1,154 within a 20-minute walk, providing a strong local catchment. Within the immediate area there is only one direct pub competitor, the Glenlee Bar located across the road, which is described as a tired and underinvested wet-led venue. This presents a clear opportunity for the Empire Bar to stand out following refurbishment.
The pub currently operates with a value-led, traditional offer and relies largely on weekend trade, with limited daytime use. Following the refurbishment, the refreshed look and feel will help reposition the pub to appeal to a broader and more diverse customer base, encouraging more frequent visits and increased walk-in trade from the local community.
The offer
Empire Bar 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 Empire Bar will have extensive experience in wet-led community pubs. They will have a clear vision for a strong drinks offer, engaging sports and entertainment, and effective local marketing, creating a welcoming venue where the community can socialise, watch sport, and enjoy games such as pool or darts.
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 pub will cover the interior. 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 seating area
- 83 internal covers
- HEINEKEN SmartDispense system
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
£35,584
Annual
Estimated Annual Turnover
£297,937
Annual Rent
£18,338
Entry Costs
Deposit
£4,584
Estimated Fixtures & Fittings Value
£24,500
Stock Valuation
£3,000
Working Capital Required
£3,500
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
Empire Bar will benefit from an internal refurbishment, supported by an investment of approximately £150,000. The works will refresh the interior and enhance the bar area, creating a more welcoming and comfortable environment while maintaining the traditional character expected from a community pub.
What’s happening?
The refurbishment will include a full internal redecoration alongside enhancements to the bar area. These improvements will create a brighter and more appealing environment that enhances the natural features of the building and provides a comfortable space for customers to relax and socialise.
The refreshed interior will support a pub offer centred around drinks, live sport and traditional pub games such as pool and darts. With a more modern yet traditional feel, the pub will be well positioned to attract more regular visits from the local community and encourage customers to spend more time in the venue.
Why invest?
This investment will help improve the pub’s appeal and trading potential, with projected weekly turnover expected to reach around £5,700 per week once the refurbishment is complete. The refreshed environment will help rebuild the pub’s reputation locally and encourage more frequent visits from the surrounding community.
To explore some of our recent successful pub investment projects, please see our Investment Showcase page.
Empire Bar will benefit from an internal refurbishment, supported by an investment of approximately £150,000. The works will refresh the interior and enhance the bar area, creating a more welcoming and comfortable environment while maintaining the traditional character expected from a community pub.
What’s happening?
The refurbishment will include a full internal redecoration alongside enhancements to the bar area. These improvements will create a brighter and more appealing environment that enhances the natural features of the building and provides a comfortable space for customers to relax and socialise.
The refreshed interior will support a pub offer centred around drinks, live sport and traditional pub games such as pool and darts. With a more modern yet traditional feel, the pub will be well positioned to attract more regular visits from the local community and encourage customers to spend more time in the venue.
Why invest?
This investment will help improve the pub’s appeal and trading potential, with projected weekly turnover expected to reach around £5,700 per week once the refurbishment is complete. The refreshed environment will help rebuild the pub’s reputation locally and encourage more frequent visits from the surrounding community.
To explore some of our recent successful pub investment projects, please see our Investment Showcase page.
Location:
289, Glasgow Road, Hamilton, ML3 0QG
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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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