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J G Sharps Largs

34-36, Nelson Street, Largs, KA30 8LW

Pub Code: 2302961101

Key Features

  • Well Established Business
  • Food Opportunity
  • Good Coastal Location
  • Beer Garden

Est Min Ingoing Costs: £10,123

Annual Rent: £26,665

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More Information

J G Sharps is located in Largs, a popular seaside town in North Ayreshire circa 30 miles from Glasgow.
The town has a prominent annual music festival and the Vikingar experience is within ½ mile of the pub. Largs hosts the Sport Scotland centre of excellence and the ferry Crossing to Milport is within walking distance of the pub.
J G Sharps is on the outskirts of town but is close to the famous Nardinnis Ice Cream parlour and is within walking distance of the promenade and sea front.

The pub has well established drinks trade, live sports and great function area for live music, events and occasions.
J G Sharps has a large capacity with an opportunity to utilise the kitchen more and grow the food side of the business. There is a strong seasonal uplift to trade in the summer and there is a beer garden to support this. Largs is on a main train link to Glasgow and has golf courses, Millport and Kelburn Park as local attractions.

J G Sharps has a great reputation and we are looking for someone to maintain this and build upon that by extending the food offer. Experience in running a similar community based site would be beneficial.

  • Business Start Up Agreement

  • Catering Kitchen

  • Live Sports

  • Outdoor Trade

  • Private Accommodation

Trading Area & Facilities

The main trading area has a very long feature bar and is a rectangular room. There is a log burning stove at one end and large screen at the other. There is a small annex that can double as a snug. Total licensing capacity is 213.

The pub has a large function room which is very versatile for live entertainment, occassions and large sport events.

Externally the pub has an excellent sheltered beer garden that can accommodate 8-10 large tables.

Private Accommodation

The private accommodation consists of two flats above the property, one is used for living space whilst the other is currently used for storage. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.

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

Annual Rent £
26,665
Estimated Tenants Annual Operating Profit £
30,838
Representative HEINEKEN UK Brand Discount Per Barrel £
175
Estimated Annual Turnover £
329,713
Estimated Annual Barrelage
171
* 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

Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £
7,680
Estimated Fixtures and Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
6,666
Rent in Advance £
513
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 £
21,469
Estimated Minimum Ingoing Costs £
10,123
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.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £
1,586
Estimated Annual Maintenance Compliance Charge £
1,876
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

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