Howard Arms Kilmarnock

5/7 Glencairn Sq, Kilmarnock KA1 4AQ

  • Howard Arms Kilmarnock
  • Howard Arms Kilmarnock
  • Howard Arms Kilmarnock
  • Howard Arms Kilmarnock
  • Howard Arms Kilmarnock
  • Howard Arms Kilmarnock

Howard Arms Kilmarnock

Exciting Development Opportunity

Investment is planned to allow this traditional sports led pub to widen its appeal to a more modern customer base. Located on the outskirts of the town centre, The Howard Arms benefits from being only 10 minutes' walk from the local park and football ground and enjoys local support, especially on match days.

The pub currently serves some food but the kitchen facilities on site and the current demographic would support the introduction of a larger casual dining offer. Combine the refreshed decoration with an enticing food offer and The Howard Arms has the potential to become a rewarding business.

Ambitious Operator Wanted

Are you an ambitious local operator who has the necessary skill and drive to develop The Howard Arms? With our investment and support, you will grow your business using your passion for service and insight into what locals in the area really want from a good Scottish pub.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The pub consists of a main bar area with further room at the back of the building which is currently used as a pool room. There is potential with this space to create a dining area and the onsite kitchen can support and simple but exciting food offer. At present, the interior decoration includes wood panelled walls which are adorned with football memorabilia. Further details of investment to follow.

The Howard Arms has the added bonus of onsite accommodation, which is rare for a Scottish pub.

Externally, the pub stands out from the crowd due to its corner location and contrasting colour scheme. There is a good sized patio area to the rear.

Private Accommodation

Onsite accommodation includes three bedrooms, lounge, kitchen and bathroom.

Should they be required, there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.

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 - 01:00 11:00 - 01:00 11:00 - 01:00 11:00 - 00:00

Financials

Annual Rent £
23,000
Estimated Annual FMOP (Licensee Profit) £
27,716
Representative HEINEKEN UK Brand Discount Per Barrel £
140
Estimated Annual Turnover £
279,521
Estimated Annual Barrelage
184

“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

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
5,280
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,000
Deposit Amount £
5,750
Rent In Advance £
442
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
Estimated Minimum Ingoing Costs £
10,102

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 £
515
Estimated Annual Maintenance Compliance Charge £
1,004
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