Imperial Bar Cupar

9 St Catherine Street, Cupar KY15 4LF

Under Offer
  • Imperial Bar Cupar
  • Imperial Bar Cupar
  • Imperial Bar Cupar
  • Imperial Bar Cupar
  • Imperial Bar Cupar
  • Imperial Bar Cupar
  • Imperial Bar Cupar

Imperial Bar Cupar

Great opportunity to lease a traditional community pub.

The Imperial bar is a good looking traditional community pub in the heart of Cupar, Fife. The pub is close to the train station and has good passing trade. The bar is a single room operation and is currently decorated with wood and stone finishes.

Do you have good local knowledge and the vision to realise the Imperial Bar's potential?

The pub does need some TLC and someone with the imagination and drive to introduce new ideas and to make the Imperial Bar welcoming to everyone.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The Imperial Bar is a simple one room operation with an attractive horseshoe shaped wooden bar and complimenting loose tables and chairs. The is a pool table and fire place and nice exposed stone walls. Whilst there is no kitchen, there is room on the bar top to display cakes and cold snacks to compliment a coffee offer.

Externally the pub has good on street visibility and echos the wooden interior.

The pub does needs to remedial work and care and attention and we will work with the incoming lessee to make improvements where required.

Private Accommodation

The is no private accommodation at the Imperial Bar

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 12:30 - 00:00

Financials

Annual Rent £
28,500
Estimated Annual FMOP (Licensee Profit) £
34,616
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
280,819
Estimated Annual Barrelage
181

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 £
15,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
2,500
Deposit Amount £
7,125
Rent In Advance £
548
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 £
27,358
Estimated Minimum Ingoing Costs £
10,060

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 £
512
Estimated Annual Maintenance Compliance Charge £
1,004
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