Hemingways Edinburgh
Hemingways Edinburgh
1, Commercial Street, Edinburgh, EH6 6JA Pub Code: 2302334101
Pub Code: 2302334101
Investment TenancyEst. Annual Turnover: £770,082
Annual Rent: £72,447
We are planning a refurbishment in the region of £318,000 to transform Hemingways into a premium local pub, with refreshed interiors, an inviting exterior and a versatile offer for different occasions. What would you do with this pub to make it a success?
About the area
Located in Leith, north of Edinburgh city centre, Hemingways sits in a lively high street setting with a vibrant hospitality scene. There are eight competing venues within walking distance, ranging from traditional pubs to Michelin-starred restaurants. The area attracts young, affluent consumers and benefits from visitors to The Shore, the Farmers Market and the Royal Yacht Britannia. Constitution Street tram stop is around a 10-minute walk away. Approximately 12,500 adults live within a 10-minute walk, rising to 35,000 within 20 minutes.
The pub has previously relied on weekend trade and has since closed. The investment creates an opportunity to re-establish its reputation with a distinctive, all-day offer. A refreshed bar, dining spaces and outdoor terrace will help Hemingways attract a broader audience, including local residents, families, casual diners and younger professionals looking to socialise after work, as well as walk-in and destination customers.
The offer
Hemingways 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 Hemingways will have extensive experience in food-led hospitality businesses. They will have a clear vision for a quality food and drink menu, daytime trading, community events and a marketing strategy that will build a strong local following, and can create a memorable experience for their customers.
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 planned refurbishment of Hemingways will cover both the interior and exterior of the pub. A full list of works and pub floor plan can be found in the Downloads section.
Internally, the investment will refresh the bar and trading areas, creating welcoming spaces for customers to enjoy quality drinks, casual dining and social occasions. A separate dining room, snug and function room will provide flexibility for different groups and occasions, while the refitted commercial kitchen will support a strong food-led offer.
Externally, full redecoration and a new signage scheme will improve the pub's kerb appeal, while the refurbished garden and beer terrace will provide attractive outdoor trading space.
The pub's trading area and facilities post refurbishment will be:
- Main trading area with bar
- Separate dining room
- Snug area
- Function room
- 80 internal covers
- 40 external covers
- Catering kitchen
- Pub garden and beer terrace
- HEINEKEN SmartDispense
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
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
£62,611
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
Star Pubs is planning an investment of approximately £318,000 to refurbish both the interior and exterior of Hemingways, transforming it into a stylish premium local that makes the most of its prominent Leith location.
The investment will include a complete refresh of the bar and interior décor, external redecoration and new signage, improvements to the pub garden and a refitted commercial kitchen. Together, these improvements will create an attractive destination capable of delivering a quality food and drink experience throughout the day.
What's happening?
The refurbishment will create a traditional yet modern feel, combining the warmth and character of a local pub with the standards and style expected from a premium hospitality venue.
Inside, the main bar and trading areas will be completely refreshed to create inviting surroundings for drinks, dining and socialising. Distinct spaces will cater for different occasions, from relaxed drinks and informal catch-ups to family meals and group celebrations.
The separate dining room and snug will provide flexibility, while the private area towards the rear of the pub offers opportunities for gatherings, local interest groups and community activities.
A refitted commercial kitchen will support the development of a strong food offer, helping Hemingways rebuild its reputation for quality dining. The new operator will have the opportunity to establish an appealing menu that attracts customers for lunch, dinner and other occasions throughout the week.
The drinks offer will focus on a great selection of premium beers, spirits and wines, creating a quality experience for those visiting for a casual drink or an evening out.
Externally, full redecoration and a new signage scheme will give Hemingways a refreshed identity and improve its visibility to passing customers. There is also an opportunity to explore a new name for the pub, with suggestions welcomed from the incoming operator.
The refurbished pub garden and large beer terrace, with approximately 40 external covers, will provide an appealing setting for outdoor drinks and dining, particularly during warmer months.
With several distinct trading spaces and a flexible layout, Hemingways will also be well placed to host community events, interest groups and running clubs, helping establish the pub as a welcoming hub for the local neighbourhood.
Why invest?
The planned refurbishment presents an exciting opportunity to re-establish Hemingways as one of Leith's go-to destinations for quality food, premium drinks and social occasions.
By creating an inviting interior, improving the exterior and making better use of the pub's trading spaces, the investment is expected to attract a wider customer base, encourage more daytime visits and increase the frequency of repeat custom.
The combination of a stronger food offer, premium drinks, flexible spaces and an attractive outdoor terrace will give the new operator multiple opportunities to grow trade throughout the week.
Following the refurbishment, turnover is projected to reach approximately £15,000 net per week, supported by increased footfall, a broader range of trading occasions and stronger local engagement.
To explore some of our recent successful pub investment projects, please see our Investment Showcase page.
Personal Recommendation
"This is an opportunity to make your mark. We’re looking for an innovative operator to bring this site to life with a distinctive offer that captures the energy of the neighbourhood and gives people a reason to visit."
— Kirsty Welsh, Investment Manager
Location:
1, Commercial Street, Edinburgh, EH6 6JA
Selected pub
Other pubs
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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