Fourways Bar Wishaw

8 Main Street, Wishaw, Wishaw ML2 9AT

  • Fourways Bar Wishaw
  • Fourways Bar Wishaw
  • Fourways Bar Wishaw
  • Fourways Bar Wishaw

Fourways Bar Wishaw

"The Fourways provides a great opportunity to be the best community value pub in Newmains and the surrounding area. The pub has high visibility, situated on a main road intersection with good public transport links. With a pool area live sports and a function room, the Fourways is a great local venue for the community to come together for a drink, in a fun and relaxed atmosphere. The business would benefit from developing a simple food offer whilst further growing the drinks trade, along with building a regular calendar of sports team meetings.

Community Focused Operator Needed.

An enthusiastic operator is required who can develop the already well-established drinks trade and develop a food offer for the local community. Some knowledge of the local area and its customers would also be an advantage, this is an exciting opportunity for someone who wants a little more from a pub and has the energy and vision to move it on to the next level."

Pub Features

  • Rolling Tenancy
  • Function Room
  • Car Parking
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally the Fourways is currently a two-bar operation with separate pool area. The pub has a wet focus that has seen it trading strongly for many years, thanks to an enduring relationship with local drinkers with a separate pool area and investment considered to enhance all areas of the business with a new catering kitchen. There is also a function room. Externally, the pub has a beer garden and car park.

Private Accommodation

There is no private accomodation 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 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 00:00 11:00 - 00:00 12:30 - 23:00

Financials

Annual Rent £
TBC
Estimated Annual FMOP (Licensee Profit) £
TBC
Representative HEINEKEN UK Brand Discount Per Barrel £
TBC
Estimated Annual Turnover £
TBC
Estimated Annual Barrelage
TBC

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 £
TBC
Estimated Fixtures & Fittings Valuation Fee £
TBC
Estimated Stock Valuation £
TBC
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
TBC
Estimated Designated Premises Supervisor / Manager Fee £
TBC
Premises Licence Fee £
TBC
Rates Assessment Fee £
TBC
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
TBC

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 £
TBC
Estimated Annual Maintenance Compliance Charge £
1,463
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

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