Gellions Inverness

Bridge Street, Inverness IV1 1HD

Under Offer
  • Gellions Inverness
  • Gellions Inverness
  • Gellions Inverness
  • Gellions Inverness
  • Gellions Inverness
  • Gellions Inverness

Gellions Inverness

Busy City Centre Pub!

Gellion is right in the heart of Inverness City Centre, close to the train station and the main shopping area.

This is a very busy site, with two public bars and an early licence. Gellions is well known and is something of an Inverness institution.

With a live music following, function room and kitchen, there is massive scope to grown business in this great site.

Imaginative local entrepreneur wanted!

Do you know the area and the pub? Do you have great ideas to grow Gellions? Talk to us.

Pub Features

  • Rolling Tenancy
  • Function Room
  • Music Venue
  • Catering Kitchen
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Gellions has two traditional public bar areas, Monty's, is self contained and enjoys an early licence while The Bridges bar is also on the ground floor and features live sports and has an 11am till 1pm licence. The first floor trading area has a bar and caters for pub games and can be used as a function suite as it has it's own bar and facilities.

There is a kitchen on site that can support simple, quality pub food and coffee.

The pub has great kerb appeal and is popular with locals and visitors alike and there is even an outdoor trading area.

Private Accommodation

No Private Accommodation.

Premises Licence Details

Please note: Monty's Bar has a different Licence with hours as follows:
Mon-Sat 9am till 23pm
Sun 11am-23pm

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 11:00 - 01:00

Financials

Annual Rent £
56,000
Estimated Annual FMOP (Licensee Profit) £
68,385
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
964
Estimated Annual Barrelage
558

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 £
10,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
12,000
Deposit Amount £
14,000
Rent In Advance £
1,077
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
39,262
Estimated Minimum Ingoing Costs £
23,519

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 £
7,088
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