Harvies Paisley

86 Glasgow Rd, Paisley PA1 3LY

  • Harvies Paisley
  • Harvies Paisley
  • Harvies Paisley
  • Harvies Paisley
  • Harvies Paisley
  • Harvies Paisley

Harvies Paisley

Exciting Opportunity!

Situated on a busy main road near the town centre, the pub currently offers classic pub food in a relaxed setting. This is an exciting opportunity to develop this site into a bustling modern pub with a casual dining food offering. Investment is planned to spruce up Harvies to appeal to a wider customer base.

Due to having large kitchen, Harvies has a lot of potential for the right operator to develop a food menu which is both modern and appealing. Combine this with the pub's comfortable setting - including attractive booth seating and a fireplace - and you get a pub which can be a home from home for locals and those seeking an after work drink.

Forward Thinking, Ambitious Operator Wanted!

Do you have the ideas and drive to bring Harvies to a new market whilst retaining local support? The right operator for this pub will have the necessary experience in both food and marketing to develop the business into a vibrant and praised location within the area.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Catering Kitchen
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The trading area of the pub is split level and has a cosy feel to it and is centered around the traditional wooden bar. There is attractive booth seating, a fireplace and homely wall décor. A high ceiling combined with elaborate coving and columns add character. The commercial kitchen on site is large and can easily support an appropriate food offer.

Externally, the pub has good kerb appeal due to its corner location and abundance of windows. The gold on blue colour scheme has a classic feel to it.

Further details of investment to follow.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required.

Private Accommodation

There is no private accommodation on site.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 01:00 11:00 - 01:00 12:30 - 00:00

Financials

Annual Rent £
23,250
Estimated Annual FMOP (Licensee Profit) £
29,010
Representative HEINEKEN UK Brand Discount Per Barrel £
121
Estimated Annual Turnover £
353,061
Estimated Annual Barrelage
272

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 £
5,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,000
Deposit Amount £
5,813
Rent In Advance £
447
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
16,445
Estimated Minimum Ingoing Costs £
10,123

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 £
1,126
Estimated Annual Maintenance Compliance Charge £
1,059
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