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High Dive Edinburgh
81/85, St Leonards Street, Edinburgh, EH8 9QY
Pub Code: 0080411101
Key Features
- Fully refurbished
- Food offer
- Good location
- Free of tie on wine & spirits
Est Min Ingoing Costs: £10,206
Annual Rent: £31,010
More Information
The High Dive is located in the densely populated Southside of Edinburgh City centre. A stones throw from the Commonwealth Pool, the area is popular with students and is surrounded by many residential properties. The pub is also just off the main road in to Edinburgh South so can be an great stopping off place for people on the way home from work.
The site was recently refurbished to a very high standard and has been run as a beer & pizza place and this will be retained.
Strong social media skills and an entrepreneurial spirit are essential to drive this business forward. Could that be you? Talk to us and pitch your ideas!
Trading Area & Facilities
The High Dive was once a traditional Victorian tenement pub and has been refurbished to retain some of that character whilst also being ultra-modern.
Currently the pub has a strong pizza over with 'theatre kitchen' and is centred around the bar that runs nearly the full length of the pub. There is a mix of booth, loose and bar stool seating similar to an American diner. There is a small prep area downstairs and the site is in 'walk in' condition.
Private Accommodation
There is no private accommodation on site.
Premises Licence Details
Please note: We are in the process of transfering the premises licence back to Star Pubs & Bars, once this is completed we will publish the licence to the website.
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 |
| Annual Rent | £ 31,010 |
| Estimated Tenants Annual Operating Profit | £ 31,009 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 125 |
| Estimated Annual Turnover | £ 368,774 |
| Estimated Annual Barrelage | 59 |
* 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
** All figures quoted are exclusive of VAT
| Ingoing Costs | |
|---|---|
| Estimated Licensee Fixtures and Fittings Value | £ 8,000 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 5,000 |
| Deposit Amount | £ 7,753 |
| Rent in Advance | £ 596 |
| Training Fee | £ 425 |
| Estimated Designated Premises Supervisor / Manager Fee | £ 50 |
| Premises Licence Fee | £ 180 |
| Rates Assessment Fee | £ 55 |
| Estimated Legal Fees | £ 650 |
| Estimated Total Ingoing Costs | £ 22,959 |
| Estimated Minimum Ingoing Costs | £ 10,206 |
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
| Other SP&B Ongoing Charges | |
|---|---|
| Estimated Annual Building Insurance | £ 921 |
| Estimated Annual Maintenance Compliance Charge | £ 1,862 |
| Estimated Annual Accountancy & Stocktaking Charge (including tills) |
£
6108
|
| Estimated Annual Repairs Fund | £ 1300 |
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
** 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
* 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
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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