Keystone Johnstone
1 Houstoun Square, Johnstone, PA5 8DTAgreement Type:
Investment Tenancy
View details for Keystone Johnstone
Inn on the Corner Paisley
Inn on the Corner Paisley
70, Causeyside Street, Paisley, PA1 1YP Pub Code: 2302722101
Pub Code: 2302722101
Investment TenancyEst. Annual Turnover: £215,712
Annual Rent: £14,321
Pub Overview
A significant refurbishment is planned to transform The Inn on the Corner into a refreshed, welcoming community pub in Paisley. What would you do with this pub to make it a success?
About the area
The Inn on the Corner sits in Paisley, a well-established town with a strong local community and a regular base of neighbourhood customers. The pub already serves local residents and visitors looking for a relaxed place to enjoy drinks, sport and social occasions.
The planned refurbishment will refresh the overall look and feel of the venue, creating a more comfortable and stylish setting that can appeal to both existing customers and a wider audience. With improved interiors, upgraded facilities and enhanced presentation throughout, the pub has the potential to become an even stronger hub for the local community.
The offer
The Inn on the Corner 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
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with 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 refurbishment of the pub will focus primarily on the interior and exterior presentation, improving both the internal trading space and the pub’s kerb appeal. A full list of works and pub floor plan can be found in the Downloads section.
The pub's trading area and facilities post refurbishment will be:
Refreshed main trading area
- Upgraded bar and back gantry display
- New furniture throughout
- Refurbished fixed seating
- Two large TVs for sport and entertainment
- Restored timber flooring and new carpet
- Enhanced lighting throughout
- Refreshed ladies’, gents’ and unisex toilets
- New external signage and full external decoration
- Gold leaf effect window vinyls and hanging baskets
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
There is no 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
£30,780
Annual
Estimated Annual Turnover
£215,712
Annual Rent
£14,321
Entry Costs
Deposit
£3,580
Estimated Fixtures & Fittings Value
£18,700
Stock Valuation
£5,000
Working Capital Required
£3,500
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.
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.
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
Refurbishment overview
The Inn on the Corner will benefit from a targeted refurbishment designed to refresh the pub internally and externally, improving the overall customer experience while enhancing the pub’s trading potential. The works will focus on upgrading décor, furniture, lighting and key trading features to create a more comfortable and appealing environment for customers.
What's happening?
The refurbishment will modernise the pub while retaining its welcoming community feel. Internally, the trading area will be refreshed with new carpet, restored flooring and upgraded lighting to brighten the space and improve atmosphere. The bar area will be enhanced with improved back-bar displays including mirrors, illuminated bottle steps and tiling, creating a stronger visual focal point for the venue.
New furniture throughout the pub will provide a more flexible layout, supported by the removal of redundant fixed seating and the refurbishment of existing seating with new upholstery. Two large televisions will also be installed, creating opportunities to attract customers for live sport and group gatherings.
Customer facilities will be improved with full decoration across the ladies’, gents’ and unisex toilets, along with general repairs and a full deep clean.
Externally, the pub will benefit from new signage, full decoration and enhanced visual touches such as gold leaf effect vinyls and hanging baskets, helping to strengthen the pub’s kerb appeal and attract passing trade.
A full breakdown of the works is available in the schedule of works.
Why invest?
This investment is designed to enhance the pub’s trading potential by refreshing the environment and improving the overall customer experience. A brighter, more modern interior combined with improved seating, upgraded bar presentation and enhanced external appeal will help attract new customers while encouraging existing guests to visit more frequently.
By creating a more comfortable and visually appealing space, the refurbishment provides a strong foundation to increase dwell time, grow drinks sales and strengthen the pub’s position as a popular local meeting place.
Location:
70, Causeyside Street, Paisley, PA1 1YP
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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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