Horseshoe Uddingston

35 Main Street, Uddingston G71 7EP

Under Offer
  • Horseshoe Uddingston
  • Horseshoe Uddingston
  • Horseshoe Uddingston
  • Horseshoe Uddingston
  • Horseshoe Uddingston
  • Horseshoe Uddingston

Horseshoe Uddingston

Bustling Local Pub for Lease!

The Horseshoe Bar occupies a prominent position on Main Street, Uddingston. The town is around 7 miles from Glasgow a 2 miles from Bothwell and Main Street is made up of attractive red sandstone building that house a variety of local businesses.

The pub is a simple to run, one room operation where the perfect pour is essential. The Horseshoe is well loved and supported locally and has thrived in the past.

Are you local with a passion for the pub trade?

The Horseshoe needs someone with drive and pride in what they do, this can be a rewarding business for the right operator, could that be you?

Pub Features

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

Trading Area & Facilities

The Horseshoe is a one room traditional pub with the 'Horseshoe' shaped bar as it's focal point.

The pub is decorated in warm, homely colours and materials and has a mix of fixed and loose seating. There is a small 'lounge' area and small kitchen that could support a simple bar snacks offer.

Externally the pub is well maintained and is built from attractive red sandstone.

Private Accommodation

There is no private accommodation at The Horseshoe.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 23:30 11:00 - 23:30 11:00 - 23:30 11:00 - 23:30 11:00 - 23:30 11:00 - 01:00 12:30 - 23:30

Financials

Annual Rent £
24,250
Estimated Annual FMOP (Licensee Profit) £
26,197
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
359,939
Estimated Annual Barrelage
233

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 £
12,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,000
Deposit Amount £
6,063
Rent In Advance £
466
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 £
24,714
Estimated Minimum Ingoing Costs £
11,206

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 £
798
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